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Property profile & analytics
OFF-MARKET
Medical Office Space
42-44 Grv St, Melrose, MA 02176
Entity Owned
13-yr Hold
~
Est. High Equity
Property ID
US38-0968722
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2014
Construction
FRAME
Total area
5,098 SF
Lot
0.15 ac (6,721 SF)
Zoning code
BA1
APN
MELR M:0C6 P:0000042
UPID
US38-0968722
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
by Request
Owner & transaction history
K&a Properties INC · 13 yrs held
K&a Properties INC
since 2013
7 recorded transactions
Zoning & alternative use
BA1 · Melrose, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$20,193
Tax year 2024
Assessed value
$1,140,200
Assessed 2024
Previous assessed
$1,140,200
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$391,000
Assessed improvement
$749,200
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2014
Construction
FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Units
2
Rooms
3
Bathrooms
4
Total area
5,098 SF
Lot
0.15 ac (6,721 SF)
Zoning code
BA1
APN
MELR M:0C6 P:0000042
UPID
US38-0968722
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.
Building & site characteristics
From public records
Year built
2014
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Units
2
Rooms
3
Bathrooms
4
Lot
0.15 ac
Current owner
From public records · entity-resolved
K&a Properties INC
Entity
Mailing address
763 LOWELL ST, LYNNFIELD, MA 01940-1651
Ownership since
2013
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
Jul 2, 2018
—
K & A Props INC
—
Deed
related
$1,040,000 · Citizens Bk/ri
Mar 1, 2013
—
K&a Properties INC
—
Deed Of Trust
related
$1,714,000 · Live Oak Banking Co
Mar 1, 2013
$1
K&a Properties INC
Shieh,peter
Grant Deed
related
—
Dec 28, 2012
$700,000
Peter Shieh
42-44 Grove Street RT
Grant Deed
$550,000 · Anmata Group LLC
Jun 25, 2008
$1
42-44 Grove Street RT
42-44 Grove Street RT
Grant Deed
—
Jan 27, 2006
$625,000
42-44 Grove St. RT
Ac Nt
Grant Deed
—
—
—
K & A Props INC
—
Deed Of Trust
related
$1,040,000 · Citizens Bk/ri
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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