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Property profile & analytics
OFF-MARKET
Estimated value
$18,000,000
Hospitals
70 Ee St, Methuen, MA 01844-4597
Individually Owned
9-yr Hold
Free & Clear
Property ID
US38-0177534
Property profile
Verified
Property type
Hospitals
Use group
HOSPITAL - PRIVATE
Year built
1965
Construction
STEEL FRAME
Total area
472,045 SF
Lot
72.3 ac (3,149,388 SF)
Zoning code
HD
APN
METH M:00814 B:00041 L:00022
UPID
US38-0177534
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
-
Flowers By Steve (Bike/Boat/Book/etc) Store Florist
-
Teen Parenting Program Daycare Center Foster Care Service
-
Holy Family Hospital - Methuen Medical Clinic
-
Dr. Robert C. Hannon, MD Physician Medical Clinic
-
Dr. Donald Ross, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$18.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.37M
Blend (final)
Blend
$18.00M
Owner & transaction history
Mpt Of Methuen Steward · 9 yrs held
Mpt Of Methuen Steward
since 2016
Last sale
$18.0M
7 recorded transactions
Zoning & alternative use
HD · Methuen, 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 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
$18,000,000
ML approach
$18,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$18.00M
Range $16.20M – $19.80M · ±10% · vs last sale $18.00M (Nov 8 2024)
Last sale anchor
$18.00M
Nov 8 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
$38 / 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
$769,440
Tax year 2024
Assessed value
$36,640,000
Assessed 2024
Previous assessed
$35,007,300
+4.7% YoY
Effective rate
2.10%
On assessed value
Assessed land
$8,559,800
Assessed improvement
$28,080,200
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
Hospitals
Use group
HOSPITAL - PRIVATE
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
229
Total area
472,045 SF
Lot
72.3 ac (3,149,388 SF)
Zoning code
HD
APN
METH M:00814 B:00041 L:00022
UPID
US38-0177534
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
HD · Methuen, MA
Zoning HD · permitted uses
HD · 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.
Building & site characteristics
From public records
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
229
Lot
72.3 ac
Current owner
From public records · entity-resolved
Mpt Of Methuen Steward
Individual
Free & Clear · 9 yrs held
Mailing address
1000 URBAN CTR DR STE #501, VESTAVIA, AL 35242-2225
Ownership since
2016
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
Oct 5, 2016
$129,000,000
Mpt Of Methuen Steward
Steward Holy Family Hosp
Quit Claim Deed
related
—
Apr 18, 2013
—
Steward Holy Family Hosp
—
Deed Of Trust
related
$1 · J P Morgan Chase Bank
Jul 29, 2011
—
Steward Holy Family Hosp
—
Deed Of Trust
related
$1 · J P Morgan Chase Bank
Nov 9, 2010
$17,115,777
Steward Holy Family INC
Valley Regional Health
Grant Deed
—
Apr 11, 2003
—
Salem Radiology RT
—
Deed Of Trust
related
$3,171,700 · Banknorth NA
Apr 23, 1999
—
Robert C Hannon
—
Deed Of Trust
related
$2,400,000 · Andover Bank
Feb 27, 1998
—
Robert C Hannon
—
Deed Of Trust
related
$1,500,000 · Andover 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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