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Property profile & analytics
OFF-MARKET
Estimated value
$2,840,000
Investment properties
37 Berwick St 47, Melrose, MA 02176-4612
Entity Owned
4-yr Hold
Property ID
US38-1206683
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
10,791 SF
Lot
0.11 ac (4,983 SF)
Zoning code
BA2
APN
MELR M:0C6 P:0000026
UPID
US38-1206683
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.64M
CAP Approach
CAP
$2.74M
Comparable Approach
Comparable
$2.92M
Blend (final)
Blend
$2.84M
Owner & transaction history
Prairie Lane Melrose LLC · 4 yrs held
Prairie Lane Melrose LLC
since 2021
Last sale
$2.8M
7 recorded transactions
Zoning & alternative use
BA2 · Melrose, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+12.4%
Auto repair, garage
$3.0M
+8.9%
Neighborhood: shopping center
$3.0M
+7.2%
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 Melrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose 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
Method
Estimation
Statistic approach
$2,880,000
ML approach
$2,640,000
CAP Approach
CAP Return
Estimation
6%
$2,970,000
6.5%
$2,740,000
7%
$2,545,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,790,000
Current use
RESTAURANT
$3,135,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,035,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,990,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$2,910,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,485,000
Change: -11% · Conversion: Moderate
OFFICE BUILDING
$2,360,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$2.84M
Range $2.56M – $3.12M · ±10% · vs last sale $2.83M (Nov 1 2021)
Last sale anchor
$2.83M
Nov 1 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$263 / SF
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
$2,608,600
Assessed 2024
Previous assessed
$2,608,600
+0.0% YoY
Assessed land
$924,000
Assessed improvement
$1,684,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Year built
1900
Construction
FRAME
Heating
ELECTRIC
Buildings
1
Stories
3
Units
8
Rooms
32
Bathrooms
12
Total area
10,791 SF
Lot
0.11 ac (4,983 SF)
Zoning code
BA2
APN
MELR M:0C6 P:0000026
UPID
US38-1206683
Jurisdiction
MELROSE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BA2 · Melrose, MA
Zoning BA2 · permitted uses
BA2 · Melrose, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melrose. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.8M
RESTAURANT
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.0M
RETAIL STORES
Est. value
$2.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.4M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1900
Construction
FRAME
Heating
ELECTRIC
Stories
3
Buildings
1
Units
8
Rooms
32
Bathrooms
12
Lot
0.11 ac
Current owner
From public records · entity-resolved
Prairie Lane Melrose LLC
Entity
Mailing address
8 LOT PHILLIPS LN, NORWELL, MA 02061-2541
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
14 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 1, 2021
$2,825,000
Prairie Lane Melrose LLC
Robert Krauss Realty LLC
Quit Claim Arm's Length For Ne States
$1,850,000 · Hingham Institution For Savings
Jul 28, 2016
—
Robert Krauss Realty LLC
—
Deed
related
$900,000 · Metro Cu
Mar 19, 2013
—
Robert Krauss Realty LLC
—
Deed Of Trust
related
$816,000 · Peoples Fsb
Mar 19, 2013
$1
Robert Krauss Realty LLC
Krauss,robert E
Grant Deed
related
—
Sep 8, 2011
$1
Robert E Krauss
Krauss 15750 Parking T
Grant Deed
related
—
May 6, 2011
$970,000
Exchange Authority LLC
Alberti,anthony R
Grant Deed
$727,500 · Peoples Fsb
May 6, 2011
—
Exchange Authority LLC
—
Deed Of Trust
related
$238,750 · Robert E Krauss
Jun 9, 1998
$560,000
Anthony R Alberti
Pace,levino
Grant Deed
$382,800 · E Cambridge Savings Bank
Mar 13, 1997
$460,000
Levino Pace
North Shore RT
Grant Deed
$260,000 · Medford Savings Bank
Sep 11, 1996
—
North Shore Rlty Ptrs
—
Deed Of Trust
related
$70,000 · Zuckerman Family Nomi
Apr 26, 1996
$305,000
Everett Sb
Zingariello,carmine A
Grant Deed
—
Oct 23, 1990
—
Carmine Zingariello
—
Deed Of Trust
related
$700,000 · Everett Savings Bank
Jun 27, 1989
$475,000
Carmine A Zingariello
Berwick St RT
Grant Deed
—
—
—
Robert Krauss Realty LLC
—
Deed Of Trust
related
$900,000 · Metro Cu
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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