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Property profile & analytics
OFF-MARKET
Estimated value
$1,090,000
Office buildings
398-398A Pleasant St Malden, MA 02148
Individually Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1568630
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1920
Construction
FRAME
Total area
3,648 SF
Lot
0.18 ac (7,876 SF)
Zoning code
RO
APN
MALD M:030 B:134 L:412
UPID
US38-1568630
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.09M
Owner & transaction history
Horizon Consulting & Mgmt · 8 yrs held
Horizon Consulting & Mgmt
since 2018
7 recorded transactions
Zoning & alternative use
RO · Malden, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+28.6%
Neighborhood: shopping center
$1.0M
+26.6%
Retail stores
$985,000
+23.2%
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 Malden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malden 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$800,000
Current use
AUTO REPAIR, GARAGE
$1,025,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,010,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$985,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$800,000
Change: +0% · Conversion: Easy
Blend value · Realmo final
$1.09M
Range $981k – $1.20M · ±10%
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
$299 / 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
$18,045
Tax year 2024
Assessed value
$991,500
Assessed 2024
Previous assessed
$991,500
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$376,500
Assessed improvement
$615,000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
5
Bathrooms
4
Total area
3,648 SF
Lot
0.18 ac (7,876 SF)
Zoning code
RO
APN
MALD M:030 B:134 L:412
UPID
US38-1568630
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RO · Malden, MA
Zoning RO · permitted uses
RO · Malden, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$800,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.0M
RETAIL STORES
Est. value
$985,000
COMMERCIAL (GENERAL)
Est. value
$800,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1920
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
5
Bathrooms
4
Lot
0.18 ac
Current owner
From public records · entity-resolved
Horizon Consulting & Mgmt
Individual
Mailing address
18 LEDGEWOOD RD, WINCHESTER, MA 01890-3121
Ownership since
2018
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
Mar 29, 2021
—
Horizon Consulting&mgmt
—
Deed
related
$490,000 · Bank Of America NA
Aug 16, 2018
—
Horizon Consulting&mgm
—
Deed
related
$500,000 · Inst Svgs Newburyport
Apr 9, 2018
$898,000
Horizon Consulting & Mgmt
Hsu,jonathan & Jackson
Quit Claim Deed
—
Jan 22, 2016
$770,000
Jonathan Hsu
Partners Ents LLC
Quit Claim Deed
—
Jun 18, 2007
—
Partners Enterprises LLC
—
Deed Of Trust
related
$60,000 · Steven M Schiavo
May 15, 2007
$548,500
Partners Enterprises LLC
398 Pleasant Street RT
Grant Deed
$438,800 · Winchester Savings Bank
Feb 22, 2006
$1
398 Pleasant Street RT
Warren,mark E Tr
Grant Deed
related
—
Jan 24, 2002
—
Mark E Warren
—
Deed Of Trust
related
$392,000 · Option One Mortgage Corp
Jul 3, 2000
$325,000
Mark T Ryan
Jls RT
Grant Deed
$260,000 · Robert J Dean SR
Jul 3, 2000
—
Mark T Ryan
—
Deed Of Trust
related
$32,500 · Robert J Dean SR
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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