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Property profile & analytics
OFF-MARKET Estimated value $660,000
Auto shops

446 Prospect St Methuen, MA 01844-5320

12,306 SF 0.32 ac lot Built 1950
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US38-0808000
Property profile
Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 1950
Construction STEEL FRAME
Total area 12,306 SF
Lot 0.32 ac (14,113 SF)
Zoning code BN
APN METH M:00914 B:00097 L:00003
UPID US38-0808000
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
  • Prospect Auto Body Auto Repair Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$430k
CAP Approach CAP
by Request
Comparable Approach Comparable
$892k
Blend (final) Blend
$660k
Owner & transaction history
446 Prospect St LLC · 9 yrs held
446 Prospect St LLC
since 2016
1 recorded transaction
2016
$500,000
Zoning & alternative use
BN · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

BN Neighborhood Business District. The Neighborhood Business District is composed of all those areas so designated on the official zoning map. Predominant uses include small retail and service establishments serving the needs of adjacent neighborhoods and oriented to pedestrian traffic. Uses, which would detract from this small-scale business character, or o…

Zone name Neighborhood Business District
General category COMMERCIAL
Zone area 82.99 ac
Source TOWN OF METHUEN, MASSACHUSETTS
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