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Property profile & analytics
OFF-MARKET
Estimated value
$29,935,000
Showrooms
970 Fellsway, Medford, MA 02155-4113
Individually Owned
Free & Clear
Property ID
US38-1062172
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1916
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
229,270 SF
Lot
7.85 ac (341,946 SF)
APN
MEDF M:N-15 B:0015
UPID
US38-1062172
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
-
Thames Heating & Cooling HVAC Service General Contractor
-
Extra Space Storage Storage Facility
-
Churchill Corporate Housing Interior Design
-
Churchill Living Furniture Showroom Furniture & Home Goods Home Decor Store
-
The Knitting Connection Association / 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
$29.94M
Owner & transaction history
Iif Medford Self Storage
Iif Medford Self Storage
since 2026
Last sale
$30.4M
5 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
$131 / SF
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
$243,615
Tax year 2024
Assessed value
$14,845,500
Assessed 2024
Previous assessed
$13,728,000
+8.1% YoY
Effective rate
1.64%
On assessed value
Assessed land
$8,083,300
Assessed improvement
$6,762,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1916
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
229,270 SF
Lot
7.85 ac (341,946 SF)
APN
MEDF M:N-15 B:0015
UPID
US38-1062172
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
1916
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
STEAM
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
7.85 ac
Current owner
From public records · entity-resolved
Iif Medford Self Storage
Individual
Free & Clear · 0 yrs held
Mailing address
6890 S 2390TH E, SALT LAKE CITY, UT 84171
Ownership since
2026
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
Feb 12, 2026
$30,400,000
Iif Medford Self Storage
Div Fellsway LLC
Deed
—
Jul 16, 2019
—
Div Fellsway LLC
—
Deed
related
$32,800,000 · Cambridge Savings Bank
Mar 13, 2019
$25,000,000
Div Fellsway LLC
Fellsway Realty LLC
Quit Claim Deed
—
Feb 13, 2013
—
Fellsway Realty LLC
—
Deed Of Trust
related
$3,662,000 · Brookline Savings Bank
May 16, 2008
—
Fellsway Realty LLC
—
Deed Of Trust
related
$3,000,000 · Brookline Savings Bank
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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