Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

828 Lynn Fells Pkwy Melrose, MA 02176

FOR SALE
Office buildings
Property ID
US38-1420673
6,032 SF 0.37 ac lot Built 1964
Last sale Sep 1997 · $285,000
Individually Owned Owner of record is an individual. 29-yr Hold Held for 29 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A freestanding professional office building located at 828 Lynn Fells Pkwy in Melrose, Massachusetts, built in 1964 and totaling approximately 6,032 square feet across two floors. The interior includes a reception area, conference room, private offices, lunch room, computer room, copy area, and open bullpen/workspace areas, with front and rear staircases providing access between levels. The first floor has two HCAP-accessible restrooms, and the second floor includes a full bathroom. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$20k
Tax billed · 2024
Assessed value$1.15M
Assessed land$693k
Assessed improvement$455k
Effective rate1.77%

Value estimate

· Oct 2026
$795k
$716k – $875k
Submarket $/SF estimate$980k
NOI build-up
Gross scheduled income$327k
Vacancy & credit loss−$72k
Operating expenses−$64k
NOI · 1,275,986.67% cap applied$191k

Realmo valuation models over county records and 7 qualifying comparable sales.

Recently sold

What actually traded nearby?
$219/SF
County average, outlier-cleaned · 858 recorded sales of this use type
Observed band · Q1–Q3$122 – $352
Qualifying comparables7

Cap rate analysis

How does the asset earn?
1,275,986.67%
$191k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
SRB
JurisdictionMELROSE

Location intelligence

Which uses thrive at this corner?
Best fit: Law Firm
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Law Firm22.9
Realty agency19.2
Clothing Store12.3

Location

828 Lynn Fells Pkwy Melrose, MA 02176
County assessor Recorded deeds · 3 transfers 7 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
109 Foster, Melrose, MA 02176-3832 $575,000 May 2024 1,419 SF
40 Belmont, Melrose, MA 02176-1712 $170,000 Mar 2023 1,543 SF
139 Linwood, Melrose, MA 02176-4721 $419,900 Dec 2021 1,260 SF
49 Myrtle, Melrose, MA 02176-3850 $1,000,000 May 2021 3,151 SF
45 Essex, Melrose, MA 02176-3152 $225,000 Jan 2020 1,309 SF
84 Myrtle, Melrose, MA 02176-3839 $217,000 Feb 2019 1,800 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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