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Property profile & analytics
OFF-MARKET
Estimated value
$280,000
Day care centers
493 Summer St Arlington, MA 02474-2461
Individually Owned
2-yr Hold
Free & Clear
Property ID
US38-1491371
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
1950
Construction
FRAME
Total area
3,648 SF
Lot
0.2 ac (8,568 SF)
Zoning code
R1
APN
ARLI M:094.0 B:0007 L:0001
UPID
US38-1491371
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
-
Great Expectations Preschool High School Daycare Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$300k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$280k
Owner & transaction history
Carole Marie Gonzales T · 2 yrs held
Carole Marie Gonzales T
since 2024
6 recorded transactions
Zoning & alternative use
R1 · Arlington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The predominant uses in R1 are single family dwellings and public land and buildings. The Town discourages intensive land uses, uses that would detract from the single family residential character of these neighborhoods, and uses that would otherwise interfere with the intent of this Bylaw.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
1,777.48 ac
Source
Realmo
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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
by Request
ML approach
$300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$280k
Range $252k – $308k · ±10%
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
$77 / 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
$9,098
Tax year 2024
Assessed value
$859,100
Assessed 2024
Previous assessed
$859,100
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$648,300
Assessed improvement
$210,800
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
1950
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
3,648 SF
Lot
0.2 ac (8,568 SF)
Zoning code
R1
APN
ARLI M:094.0 B:0007 L:0001
UPID
US38-1491371
Jurisdiction
ARLINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
R1 · Arlington, MAZoning R1 · permitted uses
R1 · Arlington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The predominant uses in R1 are single family dwellings and public land and buildings. The Town discourages intensive land uses, uses that would detract from the single family residential character of these neighborhoods, and uses that would otherwise interfere with the intent of this Bylaw.
Zone name
Single Family Residential
General category
RESIDENTIAL
Zone area
1,777.48 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Construction
FRAME
Heating
HOT WATER
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
0.2 ac
Current owner
From public records · entity-resolved
Carole Marie Gonzales T
Individual
Free & Clear · 2 yrs held
Mailing address
493 SUMMER ST, ARLINGTON, MA 02474-2461
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2024
—
Carole Marie Gonzales T
Carole M Gonzales
Quit Claim Deed
related
—
Nov 4, 1998
—
Carole Gonzales
—
Deed Of Trust
related
$300,000 · Belmont Savings Bank
Sep 3, 1993
$340,000
Carole Calder
Wilgren,elizabeth L
Grant Deed
$244,000 · Cooperative Bank
Sep 3, 1993
—
Carole Calder
—
Deed Of Trust
related
$96,000 · Zenon Grzybowski
Jul 20, 1989
$369,500
Elizabeth L Wilgren
Arli Hts Congreg
Grant Deed
—
Jul 20, 1989
—
Elizabeth L Wilgren
—
Deed Of Trust
related
$380,000 · 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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