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Property profile & analytics
FOR LEASE
Office buildings

5 Pleasant St Methuen, MA 01844

26,083 SF 0.73 ac lot Built 1900
Individually Owned 4-yr Hold ~ Est. High Equity
Property ID
US38-0098465
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1900
Construction FRAME
Total area 26,083 SF
Lot 0.73 ac (31,842 SF)
Zoning code CBD
APN METH M:00612 B:00055 L:00005
UPID US38-0098465
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
  • Mi Mexico Lindo Restaurant
  • Centro Familiar Cristiano / Christian Family Center - Massachusetts Church
  • WLHG-Company Discount Store (Bike/Boat/Book/etc) Store
  • JF Tax Services Accounting Firm Tax Preparation
  • DT Designs Textile Manufacturer Factory
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.23M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.88M
Blend (final) Blend
$2.11M
Owner & transaction history
Residences At The Masonic · 4 yrs held
Residences At The Masonic
since 2022
Last sale
$2.0M
7 recorded transactions
2022
$2.0M
2009
Price N/A
2008
$1.3M
2006
Price N/A
2005
$1
2002
Price N/A
2001
Price N/A
Zoning & alternative use
CBD · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

CBD Central Business District. The Central Business District is composed of all those areas so designated on the official zoning map. It includes retail, service, office and residential uses. It is the intent of this ordinance that the CBD be a place of diversity and a mixture of uses, provided public health and safety are protected. BH Highway Business Dist…

Zone name Central Business District
General category COMMERCIAL
Zone area 114.29 ac
Source TOWN OF METHUEN, MASSACHUSETTS
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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