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Property profile & analytics
OFF-MARKET
Estimated value
$735,000
Investment properties
56-58 Oakland Ave Methuen, MA 01844
Individually Owned
20-yr Hold
~
Est. High Equity
Property ID
US38-2445068
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1900
Construction
FRAME
Total area
4,339 SF
Lot
0.1 ac (4,400 SF)
Zoning code
RG
APN
METH M:00614 B:00143 L:00001
UPID
US38-2445068
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$858k
Blend (final)
Blend
$735k
Owner & transaction history
Luz M Ogando · 20 yrs held
Luz M Ogando
since 2005
7 recorded transactions
Zoning & alternative use
RG · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.0M
+30.6%
Retail stores
$965,000
+21.3%
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 Methuen submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Methuen 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)
$795,000
Current use
AUTO REPAIR, GARAGE
$1,040,000
Change: +31% · Conversion: Difficult
RETAIL STORES
$965,000
Change: +21% · Conversion: Easy
OFFICE BUILDING
$735,000
Change: -8% · Conversion: Easy
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$169 / 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 2017Property tax & assessments
Tax year 2017
Tax billed
$4,736
Tax year 2017
Assessed value
$638,000
Assessed 2024
Previous assessed
$566,200
+12.7% YoY
Effective rate
0.74%
On assessed value
Assessed land
$173,900
Assessed improvement
$464,100
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
1900
Construction
FRAME
Heating
WOOD FURNACE
Cooling
YES
Buildings
1
Stories
3
Units
3
Rooms
15
Bathrooms
4
Total area
4,339 SF
Lot
0.1 ac (4,400 SF)
Zoning code
RG
APN
METH M:00614 B:00143 L:00001
UPID
US38-2445068
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
RG · Methuen, MA
Zoning RG · permitted uses
RG · Methuen, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Methuen. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$1.0M
RETAIL STORES
Est. value
$965,000
OFFICE BUILDING
Est. value
$735,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1900
Construction
FRAME
Heating
WOOD FURNACE
Cooling
Yes
Stories
3
Buildings
1
Units
3
Rooms
15
Bathrooms
4
Lot
0.1 ac
Current owner
From public records · entity-resolved
Luz M Ogando
Individual
Mailing address
56 OAKLAND AVE #58, METHUEN, MA 01844-3675
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2005
$1
Luz M Ogando
Ogando,luz M
Grant Deed
related
—
Jun 21, 2005
—
Luz M Ogando
—
Deed Of Trust
related
$337,500 · Premium Capital Funding
May 15, 2002
—
Luz M Ogando
—
Deed Of Trust
related
$181,177 · National City Mortgage Co
Jun 9, 1998
$127,500
Luz M Ogando
Mahkol,wayne
Grant Deed
$101,600 · Fleet Mortgage Corp
Aug 18, 1997
$100,000
Wayne Mahkol
Da RT
Grant Deed
$90,000 · Mortgage Network INC
Aug 16, 1994
$75,000
RT Da
Babe Tr
Grant Deed
$76,200 · Zuckerman Family Nomi
Aug 21, 1987
—
Babe Trust
—
Deed Of Trust
related
$110,000 · Methuen Capital 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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