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Property profile & analytics
OFF-MARKET
Gas stations
870 Main St, Melrose, MA 02176-2346
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-0583120
Property profile
Verified
Property type
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Year built
1950
Construction
STEEL FRAME
Total area
1,050 SF
Lot
0.22 ac (9,496 SF)
Zoning code
BA1
APN
MELR M:D11 P:0015-16
UPID
US38-0583120
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
-
U.S.A ENERGY Car Wash
-
Carwash Touch Fres Car Wash
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
870 Main Street Realty · 6 yrs held
870 Main Street Realty
since 2019
7 recorded transactions
Zoning & alternative use
BA1 · Melrose, 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 Melrose submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Melrose 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
$19,022
Tax year 2024
Assessed value
$1,074,100
Assessed 2024
Previous assessed
$1,074,100
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$807,800
Assessed improvement
$266,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Gas stations
Use group
SERVICE STATION (FULL SERVICE)
Status
Off-Market
Year built
1950
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Rooms
3
Bathrooms
3
Total area
1,050 SF
Lot
0.22 ac (9,496 SF)
Zoning code
BA1
APN
MELR M:D11 P:0015-16
UPID
US38-0583120
Jurisdiction
MELROSE
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
BA1 · Melrose, MA
Zoning BA1 · permitted uses
BA1 · Melrose, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Melrose. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1950
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Rooms
3
Bathrooms
3
Lot
0.22 ac
Current owner
From public records · entity-resolved
870 Main Street Realty
Entity
Mailing address
870 MAIN ST, MELROSE, MA 02176-2346
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
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 29, 2019
$1,100,000
870 Main Street Realty
Vasco 427 LLC
Quit Claim Deed
$825,000 · Salem Five Cents Svgs Bk
Dec 18, 2009
—
Vasco 27 River LLC
—
Deed Of Trust
related
$150,000 · Stoneham Cp Bank
Dec 10, 2008
—
Vasco 427 River
—
Deed Of Trust
related
$1,010,000 · Stoneham Cp Bank
Oct 6, 2005
$1,000,000
Vasco 427 River
Charles N Vassil
Land Court
$375,000 · Northern Bk & Tr Co
Jun 16, 2000
—
Charles N Vassil
—
Deed Of Trust
related
$465,000 · Northern Bank & Trust
Nov 21, 1989
—
Charles N Vassil
—
Deed Of Trust
related
$85,000 · Zuckerman Family Nomi
Sep 16, 1988
$195,000
Charles N Vassil
Exxon Corporation
Trustees Deed
$200,000 · Metropolitan Bk & Tr
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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