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Property profile & analytics
OFF-MARKET
Specialty properties
787 Salem St Malden, MA 02148-4433
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-1014578
Property profile
Verified
Property type
Specialty properties
Use group
CHARITABLE ORGANIZATION
Year built
1890
Construction
FRAME
Total area
4,435 SF
Lot
0.22 ac (9,500 SF)
Zoning code
RESA
APN
MALD M:133 B:683 L:311
UPID
US38-1014578
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
-
Club 24 Nightclub Music Venue
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
Club 24 INC · 9 yrs held
Club 24 INC
since 2016
7 recorded transactions
Zoning & alternative use
RESA · 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 2024Property tax & assessments
Tax year 2024
Assessed value
$814,200
Assessed 2024
Previous assessed
$814,200
+0.0% YoY
Assessed land
$314,400
Assessed improvement
$499,800
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
Specialty properties
Use group
CHARITABLE ORGANIZATION
Status
Off-Market
Year built
1890
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Total area
4,435 SF
Lot
0.22 ac (9,500 SF)
Zoning code
RESA
APN
MALD M:133 B:683 L:311
UPID
US38-1014578
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
RESA · Malden, MA
Zoning RESA · permitted uses
RESA · 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
Year built
1890
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Lot
0.22 ac
Current owner
From public records · entity-resolved
Club 24 INC
Entity
Mailing address
787 SALEM ST, MALDEN, MA 02148-4433
Mailing matches property
Yes
Owner-occupied
Yes
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
Aug 25, 2016
—
Club 24 INC
—
Deed
related
$52,500 · Eastern Bank
Jan 25, 2006
—
Club 24 INC
—
Deed Of Trust
related
$23,512 · Redevelopment Authority Malden
Oct 3, 2003
—
Club 24 INC
—
Deed Of Trust
related
$60,000 · Gary Needham
Jul 17, 1998
—
Club 24 INC
—
Deed Of Trust
related
$36,728 · Redevelopment Authority Malden
Mar 20, 1995
—
Club 24 INC
—
Deed Of Trust
related
$15,622 · Redevelopment Authority Malden
Mar 15, 1995
—
Club 24 INC
—
Deed Of Trust
related
$25,000 · Gary Needham
Jul 1, 1987
—
Club 24 INC
—
Deed Of Trust
related
$22,000 · Bank For Savings, The
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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