Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,990,000
Investment properties
501 Main St 509 Saugus, MA 01906-3157
Entity Owned
10-yr Hold
Free & Clear
Property ID
US38-1787269
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2006
Construction
FRAME
Total area
13,760 SF
Lot
0.93 ac (40,550 SF)
Zoning code
NA
APN
SAUG M:012-B B:0004 L:0001
UPID
US38-1787269
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
-
Peas in a Pod Nursery School Vocational School
-
Landscaping - Saugus | Landscapers - Saugus, MA | Chop Chop Landscaping - Saugus, MA General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.02M
Blend (final)
Blend
$1.99M
Owner & transaction history
Cieri Group LLC · 10 yrs held
Cieri Group LLC
since 2016
7 recorded transactions
Zoning & alternative use
NA · Saugus, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$3.3M
+31.6%
Retail stores
$3.1M
+22.2%
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 Saugus submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Saugus 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,505,000
Current use
AUTO REPAIR, GARAGE
$3,295,000
Change: +32% · Conversion: Difficult
RETAIL STORES
$3,060,000
Change: +22% · Conversion: Easy
INDUSTRIAL (GENERAL)
$2,255,000
Change: -10% · Conversion: Moderate
Blend value · Realmo final
$1.99M
Range $1.79M – $2.19M · ±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
$145 / 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 2018Property tax & assessments
Tax year 2018
Tax billed
$37,514
Tax year 2018
Assessed value
$2,129,700
Assessed 2024
Previous assessed
$2,129,700
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$576,200
Assessed improvement
$1,553,500
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
4
Rooms
6
Bathrooms
9
Total area
13,760 SF
Lot
0.93 ac (40,550 SF)
Zoning code
NA
APN
SAUG M:012-B B:0004 L:0001
UPID
US38-1787269
Jurisdiction
SAUGUS
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
NA · Saugus, MA
Zoning NA · permitted uses
NA · Saugus, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Saugus. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$3.3M
RETAIL STORES
Est. value
$3.1M
INDUSTRIAL (GENERAL)
Est. value
$2.3M
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2006
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
4
Rooms
6
Bathrooms
9
Lot
0.93 ac
Current owner
From public records · entity-resolved
Cieri Group LLC
Entity
Free & Clear · 10 yrs held
Mailing address
329 WASHINGTON ST, WOBURN, MA 01801-2158
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 24, 2025
—
Cieri Group LLC
—
Deed
related
$6,500,000 · Lowell Five Cents Savings Bank
Jun 25, 2024
—
Ciceri Group LLC
—
Deed
related
$5,000,000 · Lowell Five Cents Savings Bank
Sep 10, 2019
—
Cieri Group LLC
—
Deed
related
$2,700,000 · Lowell Five Cents Savings Bank
May 13, 2016
$2,100,000
Cieri Group LLC
For Bangla LLC
Quit Claim Arm's Length For Ne States
—
May 5, 2009
$1,425,000
For Bangla LLC
Rct Realty LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
$1,218,750 · Beverly Cooperative Bank
Nov 20, 2006
$1,025,000
Rct Realty LLC
Saugus FCU
Grant Deed
$1,330,000 · Newburyport Five Cent
Apr 5, 2002
—
Aaa Climbers INC
—
Deed Of Trust
related
$550,000 · Pioneer Capital Corp
Mar 14, 1997
$440,000
Aaa Climbers INC
Berthold,carl
Grant Deed
$390,000 · 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?”
You own 501 Main St, Unit 509?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
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.
