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Property profile & analytics
OFF-MARKET
Medical Office Space
548 Lebanon St, Melrose, MA 02176-3226
Individually Owned
24-yr Hold
~
Est. High Equity
Property ID
US38-1568030
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1899
Construction
FRAME
Total area
2,650 SF
Lot
0.11 ac (4,826 SF)
Zoning code
BD
APN
MELR M:0D9 P:0000015
UPID
US38-1568030
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
-
Brewer Nystuen Pediatric Assocs Pediatrician Medical Clinic
-
Matthew Brewer, MD, FAAP Pediatrician Medical Clinic
-
Leslie Nystuen, MD Pediatrician Medical Clinic
-
Fellsway Pediatrics | Boston Children's Primary Care Alliance Pediatrician Medical Clinic
-
Laura Luff, PsyD Medical Clinic Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Lebanon St. 548 RT · 24 yrs held
Lebanon St. 548 RT
since 2001
7 recorded transactions
Zoning & alternative use
BD · Melrose, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$12,232
Tax year 2024
Assessed value
$690,700
Assessed 2024
Previous assessed
$690,700
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$361,800
Assessed improvement
$328,900
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1899
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
3
Units
1
Rooms
6
Bathrooms
4
Total area
2,650 SF
Lot
0.11 ac (4,826 SF)
Zoning code
BD
APN
MELR M:0D9 P:0000015
UPID
US38-1568030
Jurisdiction
MELROSE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BD · Melrose, MA
Zoning BD · permitted uses
BD · 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.
Building & site characteristics
From public records
Year built
1899
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
3
Buildings
1
Units
1
Rooms
6
Bathrooms
4
Lot
0.11 ac
Current owner
From public records · entity-resolved
Lebanon St. 548 RT
Individual
Mailing address
548 LEBANON ST, MELROSE, MA 02176-3226
Ownership since
2001
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
Jun 13, 2006
—
548 Lebanon Street RT
—
Deed Of Trust
related
$321,380 · Stoneham Savings Bank
Sep 7, 2001
$450,000
Lebanon St. 548 RT
Kohli,gurmander S
Grant Deed
$400,000 · Stoneham Savings Bank
Sep 7, 2001
—
Lebanon St. 548 RT
—
Deed Of Trust
related
$100,000 · Stoneham Savings Bank
Aug 31, 2001
—
Gurmander S Kohli
—
Deed Of Trust
related
$115,000 · Marjem Mortgage Corp
Sep 26, 2000
—
Ocean Life RT
—
Deed Of Trust
related
$1,750,000 · Slm Financial Corp
Sep 30, 1998
—
Gurmander S Kohli
—
Deed Of Trust
related
$150,000 · Equity One INC
Jun 16, 1993
—
Gurmande S Kohli
—
Deed Of Trust
related
$150,000 · Fleet National Bank
May 27, 1987
—
Gurmander S Kohli
—
Deed Of Trust
related
$300,000 · Stoneham 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.
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