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Property profile & analytics
OFF-MARKET
Estimated value
$10,355,000
Warehouses
380 2nd St Everett, MA 02149-4503
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0330493
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1975
Construction
STEEL FRAME
Total area
30,087 SF
Lot
1.62 ac (70,567 SF)
Zoning code
CTED
APN
EVER M:K0 B:06 L:000041
UPID
US38-0330493
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
$8.54M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.36M
Owner & transaction history
Sofia 2nd St Owner LLC · 3 yrs held
Sofia 2nd St Owner LLC
since 2022
Last sale
$11.5M
7 recorded transactions
Zoning & alternative use
CTED · Everett, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.7M
+99.6%
Auto repair, garage
$8.5M
+93.5%
Neighborhood: shopping center
$8.3M
+90.5%
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 Everett submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Everett 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
$9,865,000
ML approach
$8,540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,735,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$8,470,000
Change: +94% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$8,335,000
Change: +90% · Conversion: Moderate
RETAIL STORES
$8,110,000
Change: +85% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$6,930,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$6,585,000
Change: +50% · Conversion: Difficult
COMMERCIAL (GENERAL)
$6,255,000
Change: +43% · Conversion: Difficult
Blend value · Realmo final
$10.36M
Range $9.32M – $11.39M · ±10% · vs last sale $11.51M (Nov 15 2022)
Last sale anchor
$11.51M
Nov 15 2022
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
$344 / 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
$65,664
Tax year 2024
Assessed value
$2,736,000
Assessed 2024
Previous assessed
$2,736,000
+0.0% YoY
Effective rate
2.40%
On assessed value
Assessed land
$1,552,500
Assessed improvement
$1,183,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Bathrooms
5
Total area
30,087 SF
Lot
1.62 ac (70,567 SF)
Zoning code
CTED
APN
EVER M:K0 B:06 L:000041
UPID
US38-0330493
Jurisdiction
EVERETT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CTED · Everett, MA
Zoning CTED · permitted uses
CTED · Everett, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Everett. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$8.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.3M
RETAIL STORES
Est. value
$8.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.9M
OFFICE BUILDING
Est. value
$6.6M
COMMERCIAL (GENERAL)
Est. value
$6.3M
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
1975
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Bathrooms
5
Lot
1.62 ac
Current owner
From public records · entity-resolved
Sofia 2nd St Owner LLC
Entity
Mailing address
1280 CTR ST STE #5, NEWTON CENTER, MA 02459-1553
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 15, 2023
—
380 2nd St Partners LLC
—
Deed
related
$11,500,000 · Northern Bank & Trust Co
Nov 15, 2022
$11,510,000
Sofia 2nd St Owner LLC
Conquest RT
Quit Claim Arm's Length For Ne States
$6,010,000 · Richard A Badolato
Oct 12, 2016
—
Conquest Trust
—
Deed
related
$600,000 · East Cambridge Svgs Bk
Feb 6, 2009
—
RT Conquest
—
Deed Of Trust
related
$400,000 · Northern Bank & Trust
Sep 9, 2008
—
RT Conquest
—
Deed Of Trust
related
$1,800,000 · Northern Bank & Trust
Sep 9, 2005
$1
RT Conquest
Beacham RT
Grant Deed
related
—
Mar 16, 2004
$2,300,000
RT Beacham
Celen RT
Grant Deed
$1,800,000 · Northern Bank & Trust
Mar 16, 2004
—
RT Beacham
—
Deed Of Trust
related
$600,000 · Northern Bank & Trust
—
—
Conquest Trust
—
Deed Of Trust
related
$600,000 · East Cambridge Svgs Bk
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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