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Property profile & analytics
OFF-MARKET
Estimated value
$510,000
Office buildings
705 Shr Rd Revere, MA 02151-4734
Individually Owned
12-yr Hold
~
Est. High Equity
Property ID
US38-0804942
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
FRAME
Total area
1,600 SF
Lot
2.7 ac (117,612 SF)
Zoning code
HB
APN
REVE M:11 B:190C L:10
UPID
US38-0804942
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
$385k
CAP Approach
CAP
$640k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$510k
Owner & transaction history
Starbard,richard · 12 yrs held
Starbard,richard
since 2014
5 recorded transactions
Zoning & alternative use
HB · Revere, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
A lodging house or rooming house erected, constructed, placed, altered, converted or otherwise changed may be allowed only by special permit in the HB district by the city council in conformance with the dimensional and parking requirements of this title, except as specifically changed by this section: A. The minimum lot size shall be eight thousand square f…
Zone name
Highway Business
General category
COMMERCIAL
Zone area
184.07 ac
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
by Request
ML approach
$385,000
CAP Approach
CAP Return
Estimation
6%
$695,000
6.5%
$640,000
7%
$595,000
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$805,000
Change: -7% · Conversion: Difficult
Blend value · Realmo final
$510k
Range $459k – $561k · ±10%
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
$319 / 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
$26,116
Tax year 2024
Assessed value
$1,442,900
Assessed 2024
Previous assessed
$1,261,000
+14.4% YoY
Effective rate
1.81%
On assessed value
Assessed land
$1,321,300
Assessed improvement
$121,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1977
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Bathrooms
4
Total area
1,600 SF
Lot
2.7 ac (117,612 SF)
Zoning code
HB
APN
REVE M:11 B:190C L:10
UPID
US38-0804942
Jurisdiction
REVERE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
HB · Revere, MAZoning HB · permitted uses
HB · Revere, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
A lodging house or rooming house erected, constructed, placed, altered, converted or otherwise changed may be allowed only by special permit in the HB district by the city council in conformance with the dimensional and parking requirements of this title, except as specifically changed by this section: A. The minimum lot size shall be eight thousand square feet. B. There shall be sufficient off-street parking for 1.25 vehicles for every room rented. C. The number of units provided shall not exceed twelve. ( C.O. 83-3
Zone name
Highway Business
General category
COMMERCIAL
Zone area
184.07 ac
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$805,000
AUTO REPAIR, GARAGE
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
1977
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Bathrooms
4
Lot
2.7 ac
Current owner
From public records · entity-resolved
Starbard,richard
Individual
Mailing address
705 N SHR RD, REVERE, MA 02151-4734
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 3, 2014
—
Starbard,richard
—
Grant Deed
related
$560,000 · River Works Cu
Feb 14, 2014
—
Starbard,richard
Starbard,lois & Richard
Quit Claim Deed
related
—
Nov 2, 2009
—
Richard Starbard
—
Deed Of Trust
related
$415,000 · River Works Cu
Oct 1, 2001
$300,000
Richard Starbard
N Shore Rd RT 705
Grant Deed
$225,000 · East Boston Savings Bank
Jul 1, 1987
$350,000
Charles R Russo
Mcdonough,martin
Grant Deed
$300,000 · Zwi Kohorn
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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