Technical
Financial
Distress signals
Property profile

944-948 Main St Melrose, MA 02176

OFF-MARKET
Medical Office Space
Property ID
US38-0602801
5,569 SF 0.1 ac lot Built 1970
Trust Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1970
Construction FRAME
Total area 5,569 SF
Lot 0.1 ac (4,269 SF)
Zoning code BA1
APN MELR M:D12 P:0000057
UPID US38-0602801

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

944-948 Main St Melrose, MA 02176
Melrose metro Census 336100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2015
2 recorded transactions
2015
Price N/A
1988
Price N/A

Zoning & alternative use

BA1 · Melrose, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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