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Property profile & analytics
OFF-MARKET
Estimated value
$3,905,000
Retail space
4 Adams St, Burlington, MA 01803-4906
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1436320
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1965
Construction
STEEL FRAME
Total area
19,068 SF
Lot
1.27 ac (55,321 SF)
Zoning code
IG
APN
BURL M:000056 P:000073
UPID
US38-1436320
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
-
Foundation Armor Distribution Center Construction Company General Contractor
-
Burlington Lumber Company Big Box & Wholesale Store Building Supply
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.22M
CAP Approach
CAP
$4.22M
Comparable Approach
Comparable
$3.38M
Blend (final)
Blend
$3.91M
Owner & transaction history
4-9 Adams Street LLC · 4 yrs held
4-9 Adams Street LLC
since 2021
Last sale
$3.7M
6 recorded transactions
Zoning & alternative use
IG · Burlington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+7.7%
Auto repair, garage
$5.4M
+4.4%
Neighborhood: shopping center
$5.3M
+2.8%
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 Burlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Burlington 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
$4,205,000
ML approach
$4,220,000
CAP Approach
CAP Return
Estimation
6%
$4,570,000
6.5%
$4,215,000
7%
$3,915,000
Alternative Use
Use
Estimation
RETAIL STORES
$5,140,000
Current use
RESTAURANT
$5,535,000
Change: +8% · Conversion: Easy
AUTO REPAIR, GARAGE
$5,365,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$5,285,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,925,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,395,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$3.91M
Range $3.51M – $4.30M · ±10% · vs last sale $3.70M (Sep 14 2021)
Last sale anchor
$3.70M
Sep 14 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
$205 / 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
$54,983
Tax year 2024
Assessed value
$2,130,300
Assessed 2024
Previous assessed
$2,130,300
+0.0% YoY
Effective rate
2.58%
On assessed value
Assessed land
$786,600
Assessed improvement
$1,343,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
19,068 SF
Lot
1.27 ac (55,321 SF)
Zoning code
IG
APN
BURL M:000056 P:000073
UPID
US38-1436320
Jurisdiction
BURLINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
IG · Burlington, MA
Zoning IG · permitted uses
IG · Burlington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Burlington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$5.1M
RESTAURANT
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$5.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.3M
COMMERCIAL (GENERAL)
Est. value
$4.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.4M
RETAIL STORES Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
1.27 ac
Current owner
From public records · entity-resolved
4-9 Adams Street LLC
Entity
Mailing address
4 ADAMS ST, BURLINGTON, MA 01803-4906
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 13, 2022
—
4-9 Adams Street LLC
—
Deed
related
$4,000,000 · Eastern Bank
Sep 14, 2021
$3,700,000
4-9 Adams Street LLC
Mrg Massachusetts T
Quit Claim Arm's Length For Ne States
$4,000,000 · Mrj Ma T
Aug 29, 2013
—
Mrj Massachusetts T
Jaffe Ft
Quit Claim Deed
related
$1,850,000 · East Boston Savings Bank
Aug 7, 1995
—
Mark R Jaffe
—
Deed Of Trust
related
$65,000 · Zwi Kohorn
Apr 9, 1992
—
James L Rudolph
—
Deed Of Trust
related
$250,000 · Zwi Kohorn
Apr 11, 1991
$27,760
Mark Jaffe
Sheldon,jaffe
Grant Deed
related
—
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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