New search
Property profile & analytics
FOR LEASE
Office buildings
5 Branch St Methuen, MA 01844
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1312544
For Lease
1 / 16
$14,215,000
5 Branch St, Methuen, MA 01844
View Listing →
Property summary
AI-generated overview
This Class A, 95,000 square foot medical office building in Methuen, Massachusetts, offers exceptional space for lease. Located at 5 Branch Street in Essex County, this property underwent a complete renovation in 2019 and boasts 9-foot ceilings throughout. Multiple tenancy options are available, with a minimum divisible space of 8,000 square feet and a maximum contiguous space of 33,000 square feet currently vacant. The building features ample parking, with a ratio of 4 spaces per 1,000 square feet, ensuring convenient access for patients and staff. High-speed elevators are also available for efficient vertical transportation. The building's prime location in Methuen, MA, zip code 01844, provides easy access to major transportation routes and a thriving community. This is an unparalleled opportunity to secure modern, efficient, and well-appointed medical office space in a desirable location. Ideal for a variety of medical practices seeking flexible and spacious accommodations. Contact us today to learn more about leasing options and schedule a viewing.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1986
Construction
STEEL FRAME
Total area
95,496 SF
Lot
5.75 ac (250,383 SF)
Zoning code
BH
APN
METH M:00418 B:00154 L:00030C
UPID
US38-1312544
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
-
Dr. Ankur Mehta Physician
-
Marina Khitrik-Palchuk Medical Clinic
-
Dana-Farber Cancer Institute – Merrimack Valley Medical Clinic Hospital
-
Dr. Laura Caprario Physician
-
Catherine Iasiello Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.55M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.99M
Blend (final)
Blend
$14.22M
Owner & transaction history
5 Branch Methuen LLC · 2 yrs held
5 Branch Methuen LLC
since 2023
Last sale
$15.5M
7 recorded transactions
Zoning & alternative use
BH · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$22.9M
+41.4%
Retail stores
$21.2M
+31.3%
Commercial (general)
$17.5M
+8.3%
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 Methuen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Methuen 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
$15,160,000
ML approach
$8,550,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$16,175,000
Current use
AUTO REPAIR, GARAGE
$22,875,000
Change: +41% · Conversion: Difficult
RETAIL STORES
$21,240,000
Change: +31% · Conversion: Moderate
COMMERCIAL (GENERAL)
$17,515,000
Change: +8% · Conversion: Easy
INDUSTRIAL (GENERAL)
$15,635,000
Change: -3% · Conversion: Difficult
WAREHOUSE, STORAGE
$13,430,000
Change: -17% · Conversion: Difficult
Blend value · Realmo final
$14.22M
Range $12.79M – $15.64M · ±10% · vs last sale $15.50M (Dec 27 2023)
Last sale anchor
$15.50M
Dec 27 2023
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
$149 / 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
$211,693
Tax year 2024
Assessed value
$10,080,600
Assessed 2024
Previous assessed
$10,080,600
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed land
$3,042,200
Assessed improvement
$7,038,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Bathrooms
37
Total area
95,496 SF
Lot
5.75 ac (250,383 SF)
Zoning code
BH
APN
METH M:00418 B:00154 L:00030C
UPID
US38-1312544
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BH · Methuen, MA
Zoning BH · permitted uses
BH · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Methuen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$16.2M
AUTO REPAIR, GARAGE
Est. value
$22.9M
RETAIL STORES
Est. value
$21.2M
COMMERCIAL (GENERAL)
Est. value
$17.5M
INDUSTRIAL (GENERAL)
Est. value
$15.6M
WAREHOUSE, STORAGE
Est. value
$13.4M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1986
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Bathrooms
37
Lot
5.75 ac
Current owner
From public records · entity-resolved
5 Branch Methuen LLC
Entity
Mailing address
5 BR ST, METHUEN, MA 01844-1964
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2023
$15,500,000
5 Branch Methuen LLC
Mob-5 Branch Street LLC
Quit Claim Arm's Length For Ne States
$12,500,000 · Webster Bank
Nov 4, 2021
$29,500,000
Mob-5 Branch Street LLC
Mcp 2 Branch Street LLC
Quit Claim Arm's Length For Ne States
—
Apr 19, 2019
$10,000,000
Mcp 2 Branch Street LLC
5 Branch Street Realty
Quit Claim Arm's Length For Ne States
$12,809,468 · Cambridge Savings Bank
Dec 27, 2012
—
5 Branch Street Rlty LLC
—
Deed Of Trust
related
$34,500,000 · Brookline Savings Bank
Jan 15, 2008
—
5 Branch Street Rlty LLC
—
Deed Of Trust
related
$1,000,000 · Ocean Bank
Dec 12, 2007
—
5 Branch Street Rlty LLC
—
Deed Of Trust
related
$1,000,000 · Ocean National Bank
Mar 27, 2007
—
5 Branch Street Rlty LLC
—
Deed Of Trust
related
$18,800,000 · Ocean National Bank
Apr 7, 2006
$1
5 Branch St Rlty LLC
H J Brooks LLC
Grant Deed
—
Apr 7, 2006
—
H J Brooks LLC
—
Deed Of Trust
related
$6,000,000 · Boston Private Bank
Dec 9, 1997
—
Hj Brooks Limited Liab
—
Deed Of Trust
related
$3,000,000 · Danvers Savings 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
