Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

689 Main St 697 Melrose, MA 02176

OFF-MARKET
Retail space
Property ID
US38-0482420
2,795 SF 0.11 ac lot Built 1924
Last sale Nov 2024 · $1,300,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Free & Clear No active or open recorded mortgage detected.
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Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$14k
Tax billed · 2024
Assessed value$774k
Assessed land$471k
Assessed improvement$303k
Effective rate1.77%

Value estimate

· Oct 2026
$2.25M
$2.03M – $2.48M
Submarket $/SF estimate$974k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$270/SF
County average, outlier-cleaned · 360 recorded sales of this use type
Observed band · Q1–Q3$140 – $417
Qualifying comparables11

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
BD
The intent of the zone to promote Medical Business District
General categoryCOMMERCIAL
JurisdictionMELROSE

Location intelligence

Which uses thrive at this corner?
Best fit: Wholesale Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Wholesale Shop11.8
Parking Facility11.6
Pawn Shop11.6

Location

689 Main St, Unit 697 Melrose, MA 02176-2707
County assessor Recorded deeds · 6 transfers 11 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
371 Franklin, Melrose, MA 02176-1854 $875,000 Nov 2025 2,288 SF
681 Main, Melrose, MA 02176-2707 $1,300,000 Aug 2024 3,538 SF
475 Main, Melrose, MA 02176-3837 $280,000 Feb 2024 2,677 SF
12-16 Essex, Melrose, MA 02176 $2,100,000 Sep 2023 2,520 SF
108 Main, Melrose, MA 02176-6104 $1,578,505 Nov 2021 3,596 SF
667-669 Main, Melrose, MA 02176 $785,000 Jul 2021 2,928 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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