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Property profile & analytics
OFF-MARKET
Estimated value
$10,025,000
Manufacturing properties
596 Lowell St, Methuen, MA 01844-2206
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US38-0887322
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2000
Construction
STEEL FRAME
Total area
79,697 SF
Lot
8.97 ac (390,733 SF)
Zoning code
BL
APN
METH M:00318 B:00166 L:00001
UPID
US38-0887322
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
-
Kevlin Corporation Electronics & Wireless Store
-
New Balance Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$13.04M
Comparable Approach
Comparable
$9.83M
Blend (final)
Blend
$10.03M
Owner & transaction history
New Balance Athletics INC · 7 yrs held
New Balance Athletics INC
since 2019
5 recorded transactions
Zoning & alternative use
BL · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.6M
+12.0%
Office building
$13.5M
+3.4%
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 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%
$14,130,000
6.5%
$13,040,000
7%
$12,110,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$13,050,000
Current use
COMMERCIAL (GENERAL)
$14,615,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$13,500,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$11,205,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$10.03M
Range $9.02M – $11.03M · ±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
$126 / 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
$122,586
Tax year 2024
Assessed value
$5,837,440
Assessed 2024
Previous assessed
$5,556,340
+5.1% YoY
Effective rate
2.10%
On assessed value
Assessed land
$1,727,000
Assessed improvement
$4,110,440
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
8
Total area
79,697 SF
Lot
8.97 ac (390,733 SF)
Zoning code
BL
APN
METH M:00318 B:00166 L:00001
UPID
US38-0887322
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
BL · Methuen, MA
Zoning BL · permitted uses
BL · 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
INDUSTRIAL (GENERAL) Current
Est. value
$13.1M
COMMERCIAL (GENERAL)
Est. value
$14.6M
OFFICE BUILDING
Est. value
$13.5M
WAREHOUSE, STORAGE
Est. value
$11.2M
INDUSTRIAL (GENERAL) Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
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
2000
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
8
Lot
8.97 ac
Current owner
From public records · entity-resolved
New Balance Athletics INC
Entity
Mailing address
100 GUEST ST, BOSTON, MA 02135-2028
Ownership since
2019
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 1, 2019
$8,000,000
New Balance Athletics INC
Brooks Props 3 LLC
Quit Claim Deed
—
Sep 21, 2011
—
Brooks Props 2 LLC
—
Deed Of Trust
related
$7,640,000 · Peoples Bank
Jan 31, 2003
—
Brooks Properties 3 LLC
—
Deed Of Trust
related
$5,525,000 · Key Bank NA
Apr 16, 2002
—
596 Lowell Street RT
—
Deed Of Trust
related
$5,500,000 · Boston Federal Savings Bank
Sep 8, 2000
—
596 Lowell St. RT
—
Deed Of Trust
related
$4,000,000 · Danvers 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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