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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
905 Massachusetts Ave Arlington, MA 02476-4706
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0661929
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1995
Construction
STEEL FRAME
Total area
28,454 SF
Lot
1.94 ac (84,620 SF)
Zoning code
B2A
APN
ARLI M:054.0 B:0003 L:0015
UPID
US38-0661929
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
-
higi Physician
-
Citizens Bank ATM Atm
-
Western Union Bank Credit Union
-
Stop & Shop Grocery & Convenience Store Food Market
-
Goodwill Attended Donation Center Charitable Organization
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
Nl Grocery 1 Exchange LLC · 5 yrs held
Nl Grocery 1 Exchange LLC
since 2021
Last sale
$21.4M
5 recorded transactions
Zoning & alternative use
B2A · Arlington, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The B2A district is predominantly located along Massachusetts Avenue, Mill Street, Summer Street, and Broadway. These areas generally contain retail and service uses that serve the needs of a large neighborhood area
Zone name
Major Business
General category
COMMERCIAL
Zone area
48.36 ac
Source
Realmo
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 Arlington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Arlington 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
$82,727
Tax year 2024
Assessed value
$7,811,800
Assessed 2024
Previous assessed
$7,811,800
+0.0% YoY
Effective rate
1.06%
On assessed value
Assessed land
$4,061,700
Assessed improvement
$3,750,100
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
28,454 SF
Lot
1.94 ac (84,620 SF)
Zoning code
B2A
APN
ARLI M:054.0 B:0003 L:0015
UPID
US38-0661929
Jurisdiction
ARLINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B2A · Arlington, MAZoning B2A · permitted uses
B2A · Arlington, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The B2A district is predominantly located along Massachusetts Avenue, Mill Street, Summer Street, and Broadway. These areas generally contain retail and service uses that serve the needs of a large neighborhood area
Zone name
Major Business
General category
COMMERCIAL
Zone area
48.36 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1995
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
1.94 ac
Current owner
From public records · entity-resolved
Nl Grocery 1 Exchange LLC
Entity
Mailing address
PO BOX 6500, CARLISLE, PA 17013-0902
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 18, 2021
$21,354,282
Nl Grocery 1 Exchange LLC
Arlington Ra LLC
Quit Claim Arm's Length For Ne States
$42,930,000 · Key Bank NA
Feb 10, 2021
$1,355,233
Arlington Ra LLC
Lcp Supermarkets 2000 LLC
Quit Claim Arm's Length For Ne States
—
Feb 21, 2020
—
Arlington Ra LLC
—
Deed
related
$147,035,000 · Kref Lndg I LLC
Feb 27, 2001
$8,139,564
Lcp Supermarkets
Wjg RT
Grant Deed
$23,137,942 · Wells Fargo Mortgage
—
—
Arlington Ra LLC
—
Deed Of Trust
related
$147,035,000 · Kref Lndg I LLC
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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