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Property profile & analytics
OFF-MARKET
Estimated value
$1,015,000
Auto shops
42 Kirk St Methuen, MA 01844-4349
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0453961
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1930
Construction
STEEL FRAME
Total area
6,610 SF
Lot
0.19 ac (8,059 SF)
Zoning code
RG
APN
METH M:00716 B:00001 L:00007A
UPID
US38-0453961
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
-
Motta Auto Body Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.11M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$991k
Blend (final)
Blend
$1.02M
Owner & transaction history
Aem Investments LLC · 4 yrs held
Aem Investments LLC
since 2022
Last sale
$950,000
3 recorded transactions
Zoning & alternative use
RG · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
RG General Residence Districts. The General Residence District RG is composed of all those areas so designated on the official zoning map, and like the preceding districts is generally served by local streets and collectors. The predominant land uses are intended to be single- and two-family homes. Any other uses that would otherwise interfere with the inten…
Zone name
General Residence
General category
RESIDENTIAL
Zone area
619.03 ac
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 Methuen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Methuen 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
$1,065,000
ML approach
$1,110,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,585,000
Current use
RETAIL STORES
$1,470,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$1.02M
Range $914k – $1.12M · ±10% · vs last sale $950k (May 25 2022)
Last sale anchor
$950k
May 25 2022
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
$154 / 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
$7,232
Tax year 2024
Assessed value
$344,400
Assessed 2024
Previous assessed
$264,800
+30.1% YoY
Effective rate
2.10%
On assessed value
Assessed land
$97,400
Assessed improvement
$247,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1930
Construction
STEEL FRAME
Heating
SPACE
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
1
Total area
6,610 SF
Lot
0.19 ac (8,059 SF)
Zoning code
RG
APN
METH M:00716 B:00001 L:00007A
UPID
US38-0453961
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
RG · Methuen, MAZoning RG · permitted uses
RG · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
RG General Residence Districts. The General Residence District RG is composed of all those areas so designated on the official zoning map, and like the preceding districts is generally served by local streets and collectors. The predominant land uses are intended to be single- and two-family homes. Any other uses that would otherwise interfere with the intent of this Ordinance are discouraged.
Zone name
General Residence
General category
RESIDENTIAL
Zone area
619.03 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE Current
RETAIL STORES
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
1930
Construction
STEEL FRAME
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
1
Lot
0.19 ac
Current owner
From public records · entity-resolved
Aem Investments LLC
Entity
Mailing address
42 KIRK ST, METHUEN, MA 01844-4349
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 1, 2022
—
Aem Investments LLC
—
Deed
related
$394,000 · Bay Colony Development Corp
May 26, 2022
—
Aem Investments LLC
—
Deed
related
$380,000 · Reading Cooperative Bank
May 25, 2022
$950,000
Aem Investments LLC
Kirk&broadway RT
Deed
$475,000 · Reading Cooperative 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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