Property profile

490 Eastern Ave Malden, MA 02148

OFF-MARKET
Warehouses
Property ID
US38-1032248
125,388 SF 1.68 ac lot Built 2017
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2017
Construction STEEL FRAME
Total area 125,388 SF
Lot 1.68 ac (73,333 SF)
Zoning code I1
APN MALD M:095 B:428 L:801
UPID US38-1032248

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Storage Facility
  • Medical Clinic

Location

490 Eastern Ave Malden, MA 02148-4202
Malden metro Census 341800 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$24.92M
Comparable Approach Comparable
by Request
Blend (final) Blend
$25.64M

Owner & transaction history

since 2020
Last sale
$26.0M
2 recorded transactions
2020
$26.0M
2016
$4.2M

Zoning & alternative use

I1 · Malden, MA
Top alternative use upside
Restaurant $36.4M +99.6%
Auto repair, garage $35.3M +93.5%
Neighborhood: shopping center $34.7M +90.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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