Technical
Financial
Distress signals
Property profile

406 Main St 7 Melrose, MA 02176

OFF-MARKET
Specialty properties
Property ID
US38-0403329
1,774 SF Built 1900
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Specialty properties
Use group CHARITABLE ORGANIZATION
Year built 1900
Construction FRAME
Total area 1,774 SF
Zoning code BA1
APN MELR M:0C6 P:00043-7
UPID US38-0403329

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Carpet Cleaning Service
  • Charitable Organization Social Service Agency

Location

406 Main St, Unit 7 Melrose, MA 02176-3852
Melrose metro Census 336402 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$820k
CAP Approach CAP
by Request
Comparable Approach Comparable
$524k
Blend (final) Blend
$815k

Owner & transaction history

since 2020
Last sale
$750,000
2 recorded transactions
2020
$750,000
2007
$225,000

Zoning & alternative use

BA1 · Melrose, MA
Top alternative use upside
Auto repair, garage $500,000 +37.5%
Neighborhood: shopping center $490,000 +35.4%
Retail stores $480,000 +31.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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