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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail properties & Spaces
416 Cres Ave, Chelsea, MA 02150-3128
Individually Owned
2-yr Hold
Property ID
US38-0397678
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
1900
Construction
FRAME
Total area
1,771 SF
Lot
0.03 ac (1,411 SF)
Zoning code
R-2
APN
CHEL M:069 P:012
UPID
US38-0397678
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
-
La Mesa Market Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$545k
CAP Approach
CAP
$535k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$550k
Owner & transaction history
Charles Didomenico · 2 yrs held
Charles Didomenico
since 2023
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
R-2 · Chelsea, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$890,000
+32.1%
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 Chelsea submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Chelsea 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
$575,000
ML approach
$545,000
CAP Approach
CAP Return
Estimation
6%
$575,000
6.5%
$535,000
7%
$495,000
Alternative Use
Use
Estimation
RETAIL STORES
$675,000
Current use
AUTO REPAIR, GARAGE
$890,000
Change: +32% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: -11% · Conversion: Moderate
COMMERCIAL (GENERAL)
$545,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Nov 1 2023)
Last sale anchor
$550k
Nov 1 2023
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
$311 / 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
$11,006
Tax year 2024
Assessed value
$463,400
Assessed 2024
Previous assessed
$415,800
+11.4% YoY
Effective rate
2.38%
On assessed value
Assessed land
$130,900
Assessed improvement
$332,500
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
2
Total area
1,771 SF
Lot
0.03 ac (1,411 SF)
Zoning code
R-2
APN
CHEL M:069 P:012
UPID
US38-0397678
Jurisdiction
CHELSEA
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
R-2 · Chelsea, MA
Zoning R-2 · permitted uses
R-2 · Chelsea, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Chelsea. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$675,000
AUTO REPAIR, GARAGE
Est. value
$890,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
COMMERCIAL (GENERAL)
Est. value
$545,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
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
1900
Construction
FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
2
Lot
0.03 ac
Current owner
From public records · entity-resolved
Charles Didomenico
Individual
Mailing address
416 CRES AVE, CHELSEA, MA 02150-3128
Ownership since
2023
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
Nov 1, 2023
$550,000
Charles Didomenico
Dlg Holdings LLC
Quit Claim Arm's Length For Ne States
—
Jun 20, 2023
$407,000
Dlg Holdings LLC
Jeffrey Guerrero
Quit Claim Arm's Length For Ne States
—
Mar 20, 2018
—
Juan Pimentel
—
Deed
related
$26,000 · E Cambridge Svgs Bk
Sep 20, 2017
$380,000
Juan Pimentel
Angel E Feliz
Quit Claim Arm's Length For Ne States
$285,000 · E Cambridge Svgs Bk
Aug 29, 2007
$340,000
Feliz,angel E
Quach,diemthuy T
Grant Deed
$34,000 · Zenon Grzybowski
Aug 29, 2007
—
Feliz,angel E
—
Grant Deed
related
$272,000 · Interbay Funding LLC
Aug 12, 2004
$220,000
Fernandes,plinio M
Dejoie,rosamene
Grant Deed
$165,000 · Interbay Funding LLC
Aug 12, 2004
—
Quach,diemthuy T
—
Grant Deed
related
$165,000 · Interbay Funding LLC
Oct 28, 1999
$84,000
Michael Dejoir
Santos,benjamin
Grant Deed
$58,800 · Revere Fsla
Apr 11, 1995
$45,000
Benjamin Santos
Dobson,joan
Grant Deed
$36,000 · Broadway National Bank
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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