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Property profile & analytics
OFF-MARKET
Estimated value
$5,300,000
Commercial land
61 Squire Rd, Revere, MA 02151-1310
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1676115
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Year built
1955
Construction
STEEL FRAME
Total area
16,152 SF
Lot
0.2 ac (8,756 SF)
Zoning code
HB
APN
REVE M:27 B:439R L:9
UPID
US38-1676115
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
$5.30M
CAP Approach
CAP
$3.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.30M
Owner & transaction history
Bds Discount LLC · 2 yrs held
Bds Discount LLC
since 2024
Last sale
$5.3M
7 recorded transactions
Zoning & alternative use
HB · Revere, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$8.8M
+88.2%
Auto repair, garage
$8.1M
+74.4%
Retail stores
$6.2M
+32.1%
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 Revere submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Revere 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
$5,300,000
ML approach
$5,300,000
CAP Approach
CAP Return
Estimation
6%
$3,760,000
6.5%
$3,470,000
7%
$3,220,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,655,000
Current use
OFFICE BUILDING
$8,765,000
Change: +88% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,120,000
Change: +74% · Conversion: Difficult
RETAIL STORES
$6,150,000
Change: +32% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$5,460,000
Change: +17% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$5,235,000
Change: +12% · Conversion: Moderate
Blend value · Realmo final
$5.30M
Range $4.77M – $5.83M · ±10% · vs last sale $5.30M (Apr 1 2024)
Last sale anchor
$5.30M
Apr 1 2024
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
$328 / 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
$4,887
Tax year 2024
Assessed value
$270,000
Assessed 2024
Previous assessed
$235,000
+14.9% YoY
Effective rate
1.81%
On assessed value
Assessed land
$262,500
Assessed improvement
$7,500
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Year built
1955
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Stories
1
Bathrooms
6
Total area
16,152 SF
Lot
0.2 ac (8,756 SF)
Zoning code
HB
APN
REVE M:27 B:439R L:9
UPID
US38-1676115
Jurisdiction
REVERE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
HB · Revere, MA
Zoning HB · permitted uses
HB · Revere, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Revere. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$4.7M
OFFICE BUILDING
Est. value
$8.8M
AUTO REPAIR, GARAGE
Est. value
$8.1M
RETAIL STORES
Est. value
$6.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.5M
INDUSTRIAL (GENERAL)
Est. value
$5.2M
COMMERCIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
INDUSTRIAL (GENERAL)
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
1955
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Bathrooms
6
Lot
0.2 ac
Current owner
From public records · entity-resolved
Bds Discount LLC
Entity
Mailing address
61 SQUIRE RD, REVERE, MA 02151-1310
Ownership since
2024
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
Apr 1, 2024
$5,300,000
Bds Discount LLC
Als RT
Deed
$4,000,000 · A Louis Sozio
Oct 11, 2012
—
Als RT
—
Deed Of Trust
related
$876,000 · Sovereign Bank
Aug 17, 2012
—
Als RT
—
Deed Of Trust
related
$876,000 · Sovereign Bank
Sep 13, 2010
—
Als RT
—
Deed Of Trust
related
$250,000 · Sovereign Bank
Aug 22, 2007
—
Als RT
—
Deed Of Trust
related
$950,000 · Sovereign Bank
Nov 7, 1991
—
Als RT
—
Deed Of Trust
related
$200,000 · Ranch INC
May 28, 1991
—
Als RT
—
Deed Of Trust
related
$600,000 · Ge Capital Corp
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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