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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Retail space
599 Main St 609 Winchester, MA 01890-1901
Individually Owned
25-yr Hold
~
Est. High Equity
Property ID
US38-0490626
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1939
Construction
FRAME
Total area
7,979 SF
Lot
0.27 ac (11,914 SF)
APN
WINC M:009 B:0051 L:0
UPID
US38-0490626
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
-
Eleni's Mediterranean Grille Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.77M
Comparable Approach
Comparable
$871k
Blend (final)
Blend
$1.27M
Owner & transaction history
Stephen Latzanakis · 25 yrs held
Stephen Latzanakis
since 2001
7 recorded transactions
Zoning & alternative use
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 Winchester submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Winchester 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%
$1,910,000
6.5%
$1,765,000
7%
$1,640,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,060,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,840,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$1,745,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±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
$159 / 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
$21,672
Tax year 2024
Assessed value
$2,004,800
Assessed 2024
Previous assessed
$2,004,800
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$896,200
Assessed improvement
$1,108,600
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1939
Construction
FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
6
Bathrooms
9
Total area
7,979 SF
Lot
0.27 ac (11,914 SF)
APN
WINC M:009 B:0051 L:0
UPID
US38-0490626
Jurisdiction
WINCHESTER
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
COMMERCIAL (GENERAL)
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
1939
Construction
FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
6
Bathrooms
9
Lot
0.27 ac
Current owner
From public records · entity-resolved
Stephen Latzanakis
Individual
Mailing address
PO BOX 164, WINCHESTER, MA 01890-0264
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2017
—
Latz Properties LLC
—
Deed
related
$1,700,000 · Winchester Savings Bank
Oct 21, 2011
—
Latz Props LLC
—
Deed Of Trust
related
$801,439 · Winchester Savings Bank
May 11, 2006
—
Latz Prop LLC
—
Deed Of Trust
related
$300,000 · Winchester Savings Bank
May 29, 2001
$932,500
Stephen Latzanakis
1871 Co LLC
Grant Deed
—
Sep 28, 1998
$1,312,500
1871 Co LLC
Myron Berlow Home
Grant Deed
$725,000 · Winchester Savings Bank
Feb 3, 1997
—
Myron Berlow Home
—
Deed Of Trust
related
$24,100 · Us Small Business Admn
Mar 30, 1990
—
Myron Berlow Home
—
Deed Of Trust
related
$125,000 · Winchester 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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