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Property profile & analytics
OFF-MARKET
Estimated value
$875,000
Office buildings
38 Main St, Saugus, MA 01906-2356
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1605802
Property summary
AI-generated overview
This three-story, 6,723 square foot professional office building is situated on a 33,903 square foot lot at 38 Main St, Saugus, MA 01906, conveniently located near Route 1 and downtown Saugus. Built in 1979, the property features a single tenancy, offering a versatile space suitable for various businesses. The building includes a walk-in area, separate offices, a reception area, men's and women's restrooms, and a common conference room. The B1 zoning allows for a range of uses, including office, retail, daycare, driving school, and professional services. The property offers ample parking with 25+ spaces. The space is adaptable and can be leased as a whole or potentially subdivided to accommodate multiple tenants. The building is located near the intersection of Main Street and Summer Street. This presents a unique opportunity for businesses seeking a well-located, flexible office space in a thriving community.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1979
Total area
6,723 SF
Lot
0.78 ac (33,903 SF)
Zoning code
NA
APN
SAUG M:008-E B:0014 L:0011
UPID
US38-1605802
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
-
Tax Shop Tax Preparation
-
Jennifer L Mannin-Zoll Law Office Law Firm
-
Littlefield Real Estate Real Estate Agency
-
The Law Office Of Helen G. Litsas Law Firm
-
Mango Realty Inc. Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$875k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.18M
Blend (final)
Blend
$875k
Owner & transaction history
Kal Realty LLC · 2 yrs held
Kal Realty LLC
since 2024
Last sale
$875,000
7 recorded transactions
Zoning & alternative use
NA · Saugus, 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 Saugus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saugus 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
$875,000
ML approach
$875,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$875k
Range $788k – $963k · ±10% · vs last sale $875k (Feb 28 2024)
Last sale anchor
$875k
Feb 28 2024
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
$130 / 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
Tax billed
$21,717
Tax year 2024
Assessed value
$984,900
Assessed 2024
Previous assessed
$984,900
+0.0% YoY
Effective rate
2.20%
On assessed value
Assessed land
$525,900
Assessed improvement
$459,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1979
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
6
Bathrooms
7
Total area
6,723 SF
Lot
0.78 ac (33,903 SF)
Zoning code
NA
APN
SAUG M:008-E B:0014 L:0011
UPID
US38-1605802
Jurisdiction
SAUGUS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
NA · Saugus, MA
Zoning NA · permitted uses
NA · Saugus, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saugus. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1979
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
6
Bathrooms
7
Lot
0.78 ac
Current owner
From public records · entity-resolved
Kal Realty LLC
Entity
Mailing address
38 MAIN ST, SAUGUS, MA 01906-2356
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 13, 2025
—
Kal Realty LLC
—
Deed
related
$300,000 · Jason Scaduto
Nov 5, 2025
—
Kal Realty LLC
—
Deed
related
$500,000 · North Shore Bank
Feb 28, 2024
—
Kal Realty LLC
Keith Littlefield
Quit Claim Deed
related
—
Dec 28, 2023
$875,000
Keith Littlefield
109 West Foster St LLC
Quit Claim Arm's Length For Ne States
—
Mar 21, 2017
—
109 W Foster Street LLC
Tarps Trust
Quit Claim Deed
related
—
Dec 20, 2012
$1
Tarps RT
Jemms RT
Grant Deed
related
—
May 31, 2011
$450,000
Jemms RT
Main Street Props LLC
Grant Deed
$200,000 · James J Tarpey
May 31, 2011
—
Jemms RT
—
Deed Of Trust
related
$75,000 · Stephen E Tarpey
Nov 2, 2004
$1
Main St Prop LLC
Hollett,kathryn C
Grant Deed
related
—
Nov 2, 2004
—
Kathryn C Hollett
—
Deed Of Trust
related
$400,000 · Saugus Cp Bank
Oct 12, 2004
$550,000
Kathryn C Hollett
North Shore Condo INC
Grant Deed
—
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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