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Property profile & analytics
OFF-MARKET
Estimated value
$3,345,000
Retail space
508 Lincoln Ave 516, Saugus, MA 01906-4483
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0857298
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1940
Total area
6,428 SF
Lot
0.16 ac (6,826 SF)
Zoning code
NA
APN
SAUG M:005-E B:0022 L:0001
UPID
US38-0857298
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
-
Allure Nails & Spa Hair Salon Nail Salon
-
Dunkin' Cafe & Coffee Shop
-
LOTUS NAILS SPA Nail Salon
-
Sons of Sicily Eatery Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.35M
Owner & transaction history
Anatta Investments LLC · 1 yrs held
Anatta Investments LLC
since 2024
Last sale
$3.3M
7 recorded transactions
Zoning & alternative use
NA · Saugus, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.2M
+55.2%
Apartment house (5+ units)
$2.1M
+43.8%
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
$3,345,000
ML approach
$3,345,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$2,220,000
Change: +55% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,055,000
Change: +44% · Conversion: Difficult
Blend value · Realmo final
$3.35M
Range $3.01M – $3.68M · ±10% · vs last sale $3.34M (Sep 18 2024)
Last sale anchor
$3.34M
Sep 18 2024
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
$520 / 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
$26,575
Tax year 2024
Assessed value
$1,205,200
Assessed 2024
Previous assessed
$1,205,200
+0.0% YoY
Effective rate
2.21%
On assessed value
Assessed land
$321,100
Assessed improvement
$884,100
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1940
Heating
FORCED AIR
Buildings
1
Stories
1
Units
3
Bathrooms
6
Total area
6,428 SF
Lot
0.16 ac (6,826 SF)
Zoning code
NA
APN
SAUG M:005-E B:0022 L:0001
UPID
US38-0857298
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
RESTAURANT
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.1M
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
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
1940
Heating
FORCED AIR
Stories
1
Buildings
1
Units
3
Bathrooms
6
Lot
0.16 ac
Current owner
From public records · entity-resolved
Anatta Investments LLC
Entity
Mailing address
508 LINCOLN AVE #516, SAUGUS, MA 01906-4483
Mailing matches property
Yes
Owner-occupied
Yes
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 18, 2024
$3,344,500
Anatta Investments LLC
A C RT
Quit Claim Arm's Length For Ne States
—
Mar 7, 2022
—
Ac RT
—
Deed
related
$2,050,000 · Standard Insurance Co
Oct 17, 2016
—
Ac RT
—
Deed
related
$1,800,000 · Inst Svgs Newburyport
Dec 14, 2006
—
A C RT
—
Deed Of Trust
related
$2,200,000 · Standard Insurance Co
May 17, 2006
—
A C RT
—
Deed Of Trust
related
$2,200,000 · Salem Five Cents Savings Bank
Jan 8, 2004
—
Accomando,michael W Tr
—
Deed Of Trust
related
$100,000 · Saugus Cp Bank
Oct 8, 1999
$579,000
Ac RT
Oasis Dev Enterprises
Grant Deed
$405,300 · Warren Five Cts Savings
Oct 8, 1999
—
Ac RT
—
Deed Of Trust
related
$144,750 · Zenon Grzybowski
Sep 30, 1997
—
Oasis Dev Enterprises
—
Deed Of Trust
related
$350,000 · Boston Private Bank
Dec 30, 1996
$486,000
Oasis Dev Enterprises
Morgan RT
Grant Deed
$459,956 · Zenon Grzybowski
Sep 14, 1995
—
Morgan RT
—
Deed Of Trust
related
$400,000 · Gary Needham
Aug 18, 1995
—
Morgan RT
—
Deed Of Trust
related
$60,000 · Gary Needham
Sep 19, 1994
—
Morgan RT
—
Deed Of Trust
related
$72,000 · Gary Needham
May 16, 1991
—
Morgan RT
—
Deed Of Trust
related
$350,000 · First Colonial Bank Saving
Jul 15, 1988
$490,000
Morgan RT
A Hoffman & Sons
Grant Deed
$390,000 · Bank Of Ne Essex
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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