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Property profile & analytics
OFF-MARKET
Estimated value
$4,130,000
Investment properties
524 Main St 530 Melrose, MA 02176-3238
Entity Owned
9-yr Hold
Property ID
US38-0762861
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
2019
Construction
STEEL FRAME
Total area
17,745 SF
Lot
0.18 ac (8,002 SF)
Zoning code
BA1
APN
MELR M:0C7 P:0000070
UPID
US38-0762861
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
-
Melrose Garage Door Repair Solutions Building Supply General Contractor
-
The Residences at Five24 Apartment Building
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.51M
Comparable Approach
Comparable
$4.17M
Blend (final)
Blend
$4.13M
Owner & transaction history
530 Main Street LLC · 9 yrs held
530 Main Street LLC
since 2017
7 recorded transactions
Zoning & alternative use
BA1 · Melrose, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.2M
+12.4%
Auto repair, garage
$5.0M
+8.9%
Neighborhood: shopping center
$4.9M
+7.2%
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 Melrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose 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%
$4,880,000
6.5%
$4,505,000
7%
$4,185,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,585,000
Current use
RESTAURANT
$5,150,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,995,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,915,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$4,785,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,090,000
Change: -11% · Conversion: Moderate
OFFICE BUILDING
$3,885,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.13M
Range $3.72M – $4.54M · ±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
$233 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$26,293
Tax year 2020
Assessed value
$7,708,700
Assessed 2024
Previous assessed
$7,708,700
+0.0% YoY
Effective rate
0.34%
On assessed value
Assessed land
$847,000
Assessed improvement
$6,861,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
9
Rooms
27
Bathrooms
16
Total area
17,745 SF
Lot
0.18 ac (8,002 SF)
Zoning code
BA1
APN
MELR M:0C7 P:0000070
UPID
US38-0762861
Jurisdiction
MELROSE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BA1 · Melrose, MA
Zoning BA1 · permitted uses
BA1 · Melrose, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melrose. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.6M
RESTAURANT
Est. value
$5.2M
AUTO REPAIR, GARAGE
Est. value
$5.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
RETAIL STORES
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.1M
OFFICE BUILDING
Est. value
$3.9M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
2019
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
9
Rooms
27
Bathrooms
16
Lot
0.18 ac
Current owner
From public records · entity-resolved
530 Main Street LLC
Entity
Mailing address
21 EE ST, WINCHESTER, MA 01890-1119
Ownership since
2017
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
Apr 10, 2020
—
524-530 Main Street LLC
—
Deed
related
$4,000,000 · Brookline Bank
Jul 11, 2017
—
530 Main Street LLC
Wise,john D
Quit Claim Deed
related
—
May 27, 2015
$1,550,000
John D Wise
Tcm Realty Trust
Quit Claim Deed
—
Mar 12, 2013
$1,250,000
Tcm RT
Moynihan RT
Grant Deed
$937,500 · Enterprise Bank & Trust
Sep 5, 2012
—
RT Moynihan
—
Deed Of Trust
related
$390,000 · Rockland Trust Co
Jul 24, 2008
—
RT Moynihan
—
Deed Of Trust
related
$75,000 · Rockland Trust Co
Feb 18, 1992
$500,000
RT Moynihan
Advantage Bk Svgs
Grant Deed
$390,000 · Advantage Bank
May 2, 1988
$500,000
Winthrop Svgs Bk
Brothers RT
Grant Deed
related
—
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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