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Property profile & analytics
OFF-MARKET
Estimated value
$3,715,000
Investment properties
419 Main St 429 Melrose, MA 02176-3837
Individually Owned
10-yr Hold
~
Est. High Equity
Property ID
US38-0744993
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2019
Construction
FRAME
Total area
16,650 SF
Lot
0.21 ac (9,130 SF)
Zoning code
BA1
APN
MELR M:0C6 P:0000051
UPID
US38-0744993
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
-
EdVantage Home Group, RE/MAX Platinum Real Estate Agency
-
Amber Orton, Lyv Realty Real Estate Agency
-
RE/MAX Platinum Real Estate Agency
-
Melissa Silva, RE/MAX Platinum Real Estate Agency
-
Melissa Silva, Residential Broker Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.23M
Comparable Approach
Comparable
$4.41M
Blend (final)
Blend
$3.72M
Owner & transaction history
419-429 Main St Melr L · 10 yrs held
419-429 Main St Melr L
since 2016
7 recorded transactions
Zoning & alternative use
BA1 · Melrose, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.8M
+12.4%
Auto repair, garage
$4.7M
+8.9%
Neighborhood: shopping center
$4.6M
+7.2%
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 Melrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose 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%
$4,580,000
6.5%
$4,225,000
7%
$3,925,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,305,000
Current use
RESTAURANT
$4,835,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,685,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,615,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$4,490,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$3,835,000
Change: -11% · Conversion: Moderate
OFFICE BUILDING
$3,645,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$3.72M
Range $3.34M – $4.09M · ±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
$223 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$18,812
Tax year 2020
Assessed value
$3,940,200
Assessed 2024
Previous assessed
$3,940,200
+0.0% YoY
Effective rate
0.48%
On assessed value
Assessed land
$770,000
Assessed improvement
$3,170,200
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2019
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Units
12
Rooms
20
Bathrooms
14
Total area
16,650 SF
Lot
0.21 ac (9,130 SF)
Zoning code
BA1
APN
MELR M:0C6 P:0000051
UPID
US38-0744993
Jurisdiction
MELROSE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BA1 · Melrose, MA
Zoning BA1 · permitted uses
BA1 · Melrose, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melrose. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.3M
RESTAURANT
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.6M
RETAIL STORES
Est. value
$4.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.6M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2019
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Units
12
Rooms
20
Bathrooms
14
Lot
0.21 ac
Current owner
From public records · entity-resolved
419-429 Main St Melr L
Individual
Mailing address
6 SHIPLEY CT, MIDDLETON, MA 01949-1825
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 30, 2022
—
419-429 Main St Melrose
—
Deed
related
$515,000 · Institution For Savings Newburyport
May 24, 2018
—
419-429 Main Street Ll
—
Deed
related
$2,890,000 · Inst Svgs Newburyport
Apr 1, 2016
$1,225,000
419-429 Main St Melr L
Robert C Delaney
Quit Claim Arm's Length For Ne States
$830,000 · Inst Svgs Newburyport
Sep 25, 1992
—
Robert C Delaney
—
Deed Of Trust
related
$135,000 · Zwi Kohorn
Sep 25, 1992
$200,000
Robert C Delaney
Delaney,barbara H
Grant Deed
related
$125,000 · Central Savings Bank
Aug 19, 1987
—
Paul F Delaney
—
Deed Of Trust
related
$12,500 · Zuckerman Family Nomi
Jun 4, 1987
$116,667
Gerald C Cook
Delaney,robt E
Grant Deed
—
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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