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Property profile & analytics
FOR LEASE
Showrooms
578 Main St Malden, MA 02148
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0967620
For Lease
1 / 2
$2,920,000
578 Main St, Malden, MA 02148
View Listing →
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1951
Construction
FRAME
Total area
11,529 SF
Lot
0.71 ac (31,089 SF)
Zoning code
RESB
APN
MALD M:049 B:279 L:926
UPID
US38-0967620
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
-
Dr. Michael Price Ophthalmologist
-
Grayson Armstrong Ophthalmologist
-
Yuan Yao Pediatrician Physician
-
Tufts medical center community care Community Health Centre
-
Stewart Shernan Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.86M
CAP Approach
CAP
$2.93M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.92M
Owner & transaction history
578 Group LLC · 1 yrs held
578 Group LLC
since 2025
Last sale
$3.4M
5 recorded transactions
Zoning & alternative use
RESB · Malden, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.3M
+32.5%
Auto repair, garage
$3.2M
+28.4%
Neighborhood: shopping center
$3.2M
+26.4%
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 Malden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malden 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
$2,975,000
ML approach
$2,860,000
CAP Approach
CAP Return
Estimation
6%
$3,170,000
6.5%
$2,925,000
7%
$2,720,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,525,000
Current use
RESTAURANT
$3,345,000
Change: +32% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,245,000
Change: +28% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,195,000
Change: +26% · Conversion: Difficult
RETAIL STORES
$3,110,000
Change: +23% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$2,655,000
Change: +5% · Conversion: Moderate
OFFICE BUILDING
$2,525,000
Change: 0% · Conversion: Easy
Blend value · Realmo final
$2.92M
Range $2.63M – $3.21M · ±10% · vs last sale $3.40M (May 6 2025)
Last sale anchor
$3.40M
May 6 2025
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
$253 / 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
$57,112
Tax year 2024
Assessed value
$3,138,000
Assessed 2024
Previous assessed
$3,138,000
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$748,600
Assessed improvement
$2,389,400
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
For Lease
Year built
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Units
1
Bathrooms
24
Total area
11,529 SF
Lot
0.71 ac (31,089 SF)
Zoning code
RESB
APN
MALD M:049 B:279 L:926
UPID
US38-0967620
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RESB · Malden, MA
Zoning RESB · permitted uses
RESB · Malden, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$2.5M
RESTAURANT
Est. value
$3.3M
AUTO REPAIR, GARAGE
Est. value
$3.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.2M
RETAIL STORES
Est. value
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.7M
OFFICE BUILDING
Est. value
$2.5M
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
1951
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Units
1
Bathrooms
24
Lot
0.71 ac
Current owner
From public records · entity-resolved
578 Group LLC
Entity
Mailing address
148 MAIN ST, MALDEN, MA 02148-6904
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2025
$6,000,000
578 Group LLC
578 Main Street LLC
Deed
$4,800,000 · Eastern Bank
Nov 17, 2021
$3,400,000
578 Main Street LLC
578 Main Street Nt
Quit Claim Arm's Length For Ne States
$2,580,000 · Digital FCU
Dec 22, 1994
—
578 Main St. Nt
—
Deed Of Trust
related
$800,000 · Gary Needham
May 31, 1994
—
578 Main St. Nt
—
Deed Of Trust
related
$100,000 · Redevelopment Authority Malden
Feb 1, 1994
$507,000
578 Main St. Nt
Malden Home For Aged
Grant Deed
$720,000 · Gary Needham
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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