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Property profile & analytics
OFF-MARKET
Specialty properties
75 Milk St, Methuen, MA 01844-4617
Entity Owned
1-yr Hold
Property ID
US38-2307832
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Lot
9.7 ac (422,532 SF)
Zoning code
CN
APN
METH M:00912 B:00082 L:00025
UPID
US38-2307832
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
-
Melita Farms Food Processing Plant
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
Spes Development Corp · 1 yrs held
Spes Development Corp
since 2024
7 recorded transactions
Zoning & alternative use
CN · 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
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 2024Property tax & assessments
Tax year 2024
Assessed value
$892,700
Assessed 2024
Previous assessed
$892,700
+0.0% YoY
Assessed land
$314,400
Assessed improvement
$578,300
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Heating
NONE
Buildings
3
Units
1
Lot
9.7 ac (422,532 SF)
Zoning code
CN
APN
METH M:00912 B:00082 L:00025
UPID
US38-2307832
Jurisdiction
METHUEN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
CN · Methuen, MA
Zoning CN · permitted uses
CN · 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
Heating
NONE
Buildings
3
Units
1
Lot
9.7 ac
Current owner
From public records · entity-resolved
Spes Development Corp
Entity
Mailing address
75 MILK ST, METHUEN, MA 01844-4617
Mailing matches property
Yes
Owner-occupied
Yes
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
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2024
—
Spes Development Corp
Milk St RT
Quit Claim Deed
related
—
Oct 4, 2021
—
Spes Dev Corp INC
—
Deed
related
$515,000 · Sterling Ventures INC
Aug 26, 2020
—
Spes Dev Corp
—
Deed
related
$620,000 · Private Individual
Sep 6, 2018
—
Spes Dev Corp
—
Deed
related
$200,000 · Richard T Nimmo
Feb 28, 2007
—
Richard T Nimmo
—
Deed Of Trust
related
$424,119 · Citifinancial INC
Feb 14, 2006
—
Karyl L Nimmo
—
Deed Of Trust
related
$381,541 · Citifinancial INC
Mar 4, 2002
—
Richard T Nimmo
—
Deed Of Trust
related
$274,502 · Citifinancial INC
Apr 8, 1999
—
Richard T Nimmo
—
Deed Of Trust
related
$183,205 · Avco Financial Services
Apr 9, 1997
—
Richard T Nimmo
—
Deed Of Trust
related
$120,000 · Avco Financial Services
Feb 6, 1992
—
Richard T Nimmo
—
Deed Of Trust
related
$99,999 · Avco Financial Services
Dec 26, 1990
—
Richard T Nimmo
—
Deed Of Trust
related
$71,000 · Avco Financial Services
Dec 9, 1988
—
Richard T Nimmo
—
Deed Of Trust
related
$30,000 · Community Savings Bank
Aug 11, 1987
—
Richard T Nimmo
—
Deed Of Trust
related
$100,000 · Community Savings Bank
—
—
Spes Dev Corp
—
Deed Of Trust
related
$200,000 · Richard T Nimmo
—
—
Spes Dev Corp
—
Deed Of Trust
related
$620,000 · Private Individual
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.
Try Rey
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