945-949 MainMelrose, MA 02176

  • Retail space
  • 4,511 SF
Off market
$1,933,610 Estimated

Property Details for 945-949 Main

Year built
1900
Construction
FRAME
Lot size
0.19 AC
Property size (Sq ft)
4,511 SF
Zone code
BA1
Property type
Retail space
APN
MELR M:D12 P:0000059
APU
MELRMD12P0000059

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $853,337
    6.5%
    $787,696
    7%
    $731,432
  • Comparable approach

    Method
    Valuation
    Relative Method
    $612,984
    Geo Method
    $612,984
  • Alternative Use

    Use
    Valuation
    Industrial / Distribution
    $1,536,080
    Mixed-Use / Specialty
    $784,888
    Hospitality / Lodging
    $575,847
    Office
    $780,225
    Institutional / Educational
    $815,967
    Residential Income
    $954,681
    Multifamily
    $1,144,990
    Automotive / Energy
    $699,400
    Parking / Income-Based Land
    $241,354
    Restaurant / Food Service
    $408,226
    Healthcare / Senior Housing
    $804,888

Location Insight

City
Melrose
County
Middlesex
State
Massachusetts
Latitude
42.467
Longitude
-71.0611
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$16,001
$540,100
$363,400
$903,500
-
-
-
-

FAQs

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