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Property profile & analytics
OFF-MARKET
Parking lots & garages
8 Frst St Medford, MA 02155-3101
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US38-0089665
Property profile
Verified
Property type
Parking lots & garages
Use group
PARKING LOT
Year built
1908
Construction
WOOD FRAME
Total area
7,480 SF
Lot
0.36 ac (15,536 SF)
APN
MEDF M:L-09 B:0029
UPID
US38-0089665
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
8-14 Forest Street LLC · 17 yrs held
8-14 Forest Street LLC
since 2009
7 recorded transactions
Zoning & alternative use
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 Medford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medford 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
Tax billed
$8,028
Tax year 2024
Assessed value
$489,200
Assessed 2024
Previous assessed
$254,600
+92.1% YoY
Effective rate
1.64%
On assessed value
Assessed land
$466,700
Assessed improvement
$22,500
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
Parking lots & garages
Use group
PARKING LOT
Status
Off-Market
Year built
1908
Construction
WOOD FRAME
Heating
STEAM
Buildings
1
Stories
1
Bathrooms
2
Total area
7,480 SF
Lot
0.36 ac (15,536 SF)
APN
MEDF M:L-09 B:0029
UPID
US38-0089665
Jurisdiction
MEDFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1908
Construction
WOOD FRAME
Heating
STEAM
Stories
1
Buildings
1
Bathrooms
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
8-14 Forest Street LLC
Entity
Mailing address
825 MAIN ST, READING, MA 01867-1710
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 17, 2009
—
8-14 Forest Street LLC
—
Deed Of Trust
related
$600,000 · Ma Business Development Corp
Mar 13, 2009
$975,000
8-14 Forest Street LLC
Forest St Prop INC
Grant Deed
—
May 2, 2007
$1
Forest Street Prop INC
Sayan,farzad
Grant Deed
—
Feb 6, 2007
—
Farzad Sayan
—
Deed Of Trust
related
$175,000 · Eagle Bank
Feb 11, 2004
—
Farzad Sayan
—
Deed Of Trust
related
$500,000 · Eagle Bank
Nov 9, 2001
—
Farzad Sayan
—
Deed Of Trust
related
$400,000 · Eagle Bank
Aug 31, 1998
—
Farzad Sayan
—
Deed Of Trust
related
$200,000 · Eagle Bank
Feb 10, 1995
—
Farzad Sayan
—
Deed Of Trust
related
$160,000 · Bankboston Development Co LLC
Nov 6, 1987
—
Seung Choi
—
Deed Of Trust
related
$450,000 · Baybank Middlesex
Apr 22, 1987
$780,000
Seung Choi
Sayan,farzad
Grant Deed
$780,000 · Zenon Grzybowski
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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