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Property profile & analytics
OFF-MARKET
Estimated value
$665,000
Industrial properties
60 Pne St Ste 4, Methuen, MA 01844-6832
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1684426
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
1905
Construction
STEEL FRAME
Total area
3,547 SF
Zoning code
BL
APN
METH M:00612 B:00123 L:009U4
UPID
US38-1684426
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
$790k
CAP Approach
CAP
$580k
Comparable Approach
Comparable
$831k
Blend (final)
Blend
$665k
Owner & transaction history
Alexandre Costa · 3 yrs held
Alexandre Costa
since 2022
Last sale
$650,000
1 recorded transaction
Zoning & alternative use
BL · Methuen, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$850,000
+46.3%
Retail stores
$790,000
+35.8%
Commercial (general)
$650,000
+12.0%
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
$725,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
$630,000
6.5%
$580,000
7%
$540,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$580,000
Current use
AUTO REPAIR, GARAGE
$850,000
Change: +46% · Conversion: Easy
RETAIL STORES
$790,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$650,000
Change: +12% · Conversion: Difficult
OFFICE BUILDING
$600,000
Change: +3% · Conversion: Difficult
WAREHOUSE, STORAGE
$500,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$665k
Range $599k – $732k · ±10% · vs last sale $650k (Dec 23 2022)
Last sale anchor
$650k
Dec 23 2022
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
$187 / 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
$10,366
Tax year 2024
Assessed value
$493,600
Assessed 2024
Previous assessed
$493,600
+0.0% YoY
Effective rate
2.10%
On assessed value
Assessed improvement
$493,600
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
1905
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Total area
3,547 SF
Zoning code
BL
APN
METH M:00612 B:00123 L:009U4
UPID
US38-1684426
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
$580,000
AUTO REPAIR, GARAGE
Est. value
$850,000
RETAIL STORES
Est. value
$790,000
COMMERCIAL (GENERAL)
Est. value
$650,000
OFFICE BUILDING
Est. value
$600,000
WAREHOUSE, STORAGE
Est. value
$500,000
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
RETAIL STORES
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
1905
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Current owner
From public records · entity-resolved
Alexandre Costa
Individual
Mailing address
52 GORHAM AVE, STONEHAM, MA 02180-2865
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2022
$650,000
Alexandre Costa
Jako RT
Quit Claim Arm's Length For Ne States
$487,500 · Lowell Five Cents 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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