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Property profile & analytics
OFF-MARKET
Commercial real estate
655 Eastern Ave 705, Malden, MA 02148-5909
Entity Owned
27-yr Hold
~
Est. High Equity
Property ID
US38-0546376
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Lot
2.05 ac (89,328 SF)
Zoning code
HB
APN
MALD M:117 B:431 L:101
UPID
US38-0546376
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
-
Pho Eastern Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Dh Dev LLC · 27 yrs held
Dh Dev LLC
since 1998
7 recorded transactions
Zoning & alternative use
HB · Malden, MA
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 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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 2020Property tax & assessments
Tax year 2020
Tax billed
$71,937
Tax year 2020
Assessed value
$4,346,200
Assessed 2024
Previous assessed
$4,346,200
+0.0% YoY
Effective rate
1.66%
On assessed value
Assessed land
$2,188,500
Assessed improvement
$2,157,700
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 real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Heating
NONE
Cooling
YES
Buildings
2
Units
13
Lot
2.05 ac (89,328 SF)
Zoning code
HB
APN
MALD M:117 B:431 L:101
UPID
US38-0546376
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
HB · Malden, MA
Zoning HB · permitted uses
HB · 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.
Building & site characteristics
From public records
Heating
NONE
Cooling
Yes
Buildings
2
Units
13
Lot
2.05 ac
Current owner
From public records · entity-resolved
Dh Dev LLC
Entity
Mailing address
1 THOMPSON SQ STE #205, CHARLESTOWN, MA 02129-3328
Ownership since
1998
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 1, 2022
—
Dh Development LLC
—
Deed
related
$320,000 · Rockland Trust Co
Dec 28, 2020
—
Dh Dev LLC
—
Deed
related
$219,166 · East Boston Savings Bank
Dec 22, 2017
—
Dh Development LLC
—
Deed
related
$4,000,000 · E Cambridge Svgs Bk
Mar 26, 2013
—
Dh Development LLC
—
Deed Of Trust
related
$3,400,000 · Stoneham Savings Bank
Jul 7, 2010
—
Dh Dev LLC
—
Deed Of Trust
related
$3,000,000 · Digital FCU
Sep 11, 2003
—
Dh Dev LLC
—
Deed Of Trust
related
$2,000,000 · Digital FCU
Jul 23, 1998
$1,010,700
Dh Dev LLC
703 Eastern Avenue RT
Grant Deed
$1,800,000 · Gary Needham
Jul 23, 1998
$1,235,300
Dh Dev LLC
655 Eastern Ave RT
Grant Deed
—
Jul 23, 1998
—
Dh Dev LLC
—
Deed Of Trust
related
$300,000 · Zmc Trust Et Al 2nd
Sep 25, 1996
—
703 Eastern Ave RT
—
Deed Of Trust
related
$1,200,000 · 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.
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