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Property profile & analytics
OFF-MARKET
Investment properties
348 Howe St, Methuen, MA 01844-2612
Individually Owned
18-yr Hold
~
Est. High Equity
Property ID
US38-0377317
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Lot
0.97 ac (42,253 SF)
Zoning code
RA
APN
METH M:00808 B:00075 L:00022
UPID
US38-0377317
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
SK Auto Body Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
M K Howe Street RT · 18 yrs held
M K Howe Street RT
since 2008
7 recorded transactions
Zoning & alternative use
RA · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Methuen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Methuen submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Assessed value
$778,400
Assessed 2024
Previous assessed
$691,300
+12.6% YoY
Assessed land
$255,600
Assessed improvement
$522,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Units
1
Lot
0.97 ac (42,253 SF)
Zoning code
RA
APN
METH M:00808 B:00075 L:00022
UPID
US38-0377317
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
RA · Methuen, MA
Zoning RA · permitted uses
RA · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Methuen. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Units
1
Lot
0.97 ac
Current owner
From public records · entity-resolved
M K Howe Street RT
Individual
Mailing address
348 HOWE ST, METHUEN, MA 01844-2612
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 30, 2026
—
M K Howe Street RT
—
Deed
related
$350,000 · Salem Five Cents Savings Bank
Feb 18, 2022
—
M K Howe Street RT
—
Deed
related
$450,000 · Salem Five Cents Savings Bank
May 28, 2008
$535,000
M K Howe Street RT
Alves,manuel
Grant Deed
—
Apr 15, 2008
—
M K Howe Street RT
—
Deed Of Trust
related
$425,000 · Brookline Savings Bank
Oct 22, 2004
$535,000
M K Howe Street RT
Soares,eduarda
Grant Deed
$350,000 · Citizens Bank Of Ma
Jul 16, 2004
—
Eduarda P Soares
—
Deed Of Trust
related
$50,000 · Butler Bank
Mar 1, 2004
—
Manuel A Alves
—
Deed Of Trust
related
$50,000 · Butler Bank
Mar 30, 2001
$270,000
Manuel Alves
Poirier,ann T
Grant Deed
$150,000 · Silva Bros Investment INC
Apr 1, 1994
—
Ann T Poirier
—
Deed Of Trust
related
$17,000 · First Essex Savings Bank
May 29, 1990
—
Ann T Poirier
—
Deed Of Trust
related
$112,000 · Andover Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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