Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    491 High St Medford, MA 02155-6735

    • Retail properties & Spaces
    • 13,036 SF
    • 0.90 lot acres
    OFF-MARKET
    Value Estimations
    $1,685,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1734893
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Walgreens Photo / (Bike/Boat/Book/etc) Store
    • The Magnificent Muffin & Bagel Shoppe / Bakery / Specialty Food Shop
    • Walgreens / Cosmetic Store
    • Rite Aid / (Bike/Boat/Book/etc) Store / Cosmetic Store
    • FedEx OnSite / Postal Service / Courier Service

    Property Details for 491 High St

    Year built
    1958
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.90 lot acres
    Property size
    13,036 SF
    Property type
    Retail properties & Spaces
    APN
    MEDF M:K-03 B:0068
    APU
    MEDFMK03B0068

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1338
    Latitude
    42.4217
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $35,910
    $581,300
    $1,607,000
    $2,188,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,050,000
      7,752 SF

      72 Salem St

      DEPARTMENT STORE • 7,752 SF
      72 Salem St, Medford, MA 02155
      View Details
    • Value Estimation by Request
      2,454 SF

      235-237 Salem St

      DEPARTMENT STORE • 2,454 SF
      235-237 Salem St, Medford, MA 02155
      View Details
    • Value Estimation
      $2,895,000
      12,317 SF

      191 Mystic Ave

      DEPARTMENT STORE • 12,317 SF
      191 Mystic Ave, Medford, MA 02155
      View Details
    • Value Estimation
      $1,320,000
      4,493 SF

      2153 Mystic Vly Pkwy

      DEPARTMENT STORE • 4,493 SF
      2153 Mystic Vly Pkwy, Medford, MA 02155-3757
      View Details
    • Value Estimation
      $2,615,000
      20,836 SF

      616 Fellsway

      DEPARTMENT STORE • 20,836 SF
      616 Fellsway, Medford, MA 02155-4959
      View Details
    • Value Estimation
      $1,615,000
      12,510 SF

      573 Fellsway

      DEPARTMENT STORE • 12,510 SF
      573 Fellsway, Medford, MA 02155
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Retail Property on Main Street

      Retail property available for sale on Main St, Medford.
      393 Main St, Medford, MA 02155
      View Details
    • Contact for pricing

      Commercial Building with Finished Lower Level

      Well-maintained commercial building with street-level retail and finished lower level.
      365 Salem St, Medford, MA 02155
      View Details
    • $1,750,000

      West Medford Mixed-Use Opportunity

      Mixed-use commercial building in West Medford with development potential.
      438-440 High St, Medford, MA 02155
      View Details
    • $3,995,000
      0.18 Acres

      Medford Main Street Commercial Property

      High-traffic location, redevelopment potential.
      393 Main St, Medford, MA 02155
      View Details
    • $1,449,000
      2,613 SF

      Medford Multifamily with Development Potential

      Rare opportunity near Tufts with income and future development potential.
      6 West St, Medford, MA 02155
      View Details
    • $475,000
      1,487 SF

      Medford Square Professional Office Condo

      Professional office condo in Medford Square with deeded parking.
      92 High St, Medford, MA 02155
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,300 SF

      Prime Cafe Space Near Tufts

      Newly constructed cafe space near Tufts University and MBTA Green Line.
      177 College Ave, Medford, MA 02155
      View Details
    • Contact for pricing
      2,500 SF

      Medford Retail Space For Lease

      Retail space available in Fellsway Plaza, Medford, MA.
      499 Riverside Ave, Medford, MA 02155
      View Details
    • Contact for pricing
      5,288 SF

      Medford Retail Building For Rent

      5,288 SF two-story building, formerly a Citizens Bank branch.
      257-259 Spring St, Medford, MA 02155
      View Details
    • Contact for pricing
      3,750 SF

      Medford Retail Space For Lease

      150,000 SF shopping center in Medford, MA.
      630 Fellsway, Medford, MA 02155
      View Details
    • Contact for pricing

      Retail Space in Ball Square

      Retail space for rent in the heart of Ball Square.
      640 Boston Ave, Medford, MA 02155
      View Details
    • Contact for pricing
      2,788 SF

      Retail Sublet Near Wellington Station

      2,788 SF retail sublet opportunity near Wellington Station.
      50-62 Station Lndg, Medford, MA 02155
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    491 High St
    Medford, MA 02155-6735
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!