Financial
Distress signals
Property profile

437 Franklin St 445 Melrose, MA 02176

OFF-MARKET
Retail space
Property ID
US38-1790949
4,448 SF 0.11 ac lot Built 1914
Last sale Jul 2024 · $450,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The property is a 4,448-square-foot building located in Melrose, Massachusetts, situated on a corner lot of approximately 0.106 acres. It is zoned BA-2, allowing for retail and mixed-use development and supporting redevelopment potential. The site is positioned near the Melrose MBTA rail line and in proximity to MBTA train and bus stops, consistent with a transit-oriented development context. The surrounding area includes historic downtown amenities such as retail shops and dining options, and it is within reach of Boston’s business district and nearby Spot Pond.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$15k
Tax billed · 2024
Assessed value$836k
Assessed land$359k
Assessed improvement$477k
Effective rate1.77%

Value estimate

· Sep 2026
$395k
$356k – $435k
AI approach$460k

Realmo valuation models over county records and 8 qualifying comparable sales.

Recently sold

What actually traded nearby?
$270/SF
County average, outlier-cleaned · 360 recorded sales of this use type
Observed band · Q1–Q3$140 – $417
Qualifying comparables8

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BA2
JurisdictionMELROSE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant16.1
Clothing Store15.5
Parking Facility14.8

Location

437 Franklin St, Unit 445 Melrose, MA 02176-1855
County assessor Recorded deeds · 3 transfers 8 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 11 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
681 Main, Melrose, MA 02176-2707 $1,300,000 Aug 2024 3,538 SF
689 Main, Melrose, MA 02176-2707 $1,300,000 Aug 2024 2,795 SF
462 Main, Melrose, MA 02176-3842 $3,700,000 Feb 2024 6,747 SF
108 Main, Melrose, MA 02176-6104 $1,578,505 Nov 2021 3,596 SF
667-669 Main, Melrose, MA 02176 $785,000 Jul 2021 2,928 SF
453 Franklin, Melrose, MA 02176-1855 $1,500,000 Jul 2021 4,580 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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