Financial
Distress signals
Property profile

187 Ballardvale St Wilmington, MA 01887

FOR LEASE
Other industrial properties
Property ID
US38-1508228
111,758 SF 6.72 ac lot Built 1984
Last sale Jan 2022 · $16,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an office-use space located within the Ballardvale Office Park, a suburban office campus in Wilmington, Massachusetts, positioned directly off I-93. It is part of a larger portfolio comprising four buildings with a combined area of approximately 550,000 square feet. The site includes supporting infrastructure and on-site amenities, with additional walkable amenities in the surrounding area. The office space is configured with four loading docks and provides ceiling heights of 13 feet or more, and the property is suitable for office use.

Ownership intelligence

Who controls the opportunity?

Resolved identity, portfolio, hold profile and investor signals. Included in the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$401k
Tax billed · 2024
Assessed value$15.27M
Assessed land$2.90M
Assessed improvement$12.38M
Effective rate2.62%

Value estimate

· Sep 2026
$14.15M
$12.73M – $15.56M
CAP approach$18.29M
Sales comparison$12.01M

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$553/SF
ZIP average, outlier-cleaned · 30 recorded sales of this use type
Observed band · Q1–Q3$152 – $1,134
Qualifying comparables3

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWILMINGTON

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency14.5
Dental Office11.7
Law Firm11.4

Location

187 Ballardvale St Wilmington, MA 01887
County assessor Recorded deeds · 10 transfers 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
301 Ballardvale, Wilmington, MA 01887-4440 $46,750,000 Aug 2024 123,700 SF
299 Ballardvale, Wilmington, MA 01887-1066 $46,750,000 Aug 2024 73,032 SF
300 Ballardvale, Wilmington, MA 01887-1012 $17,000,000 Oct 2022 103,246 SF
50 Fordham, Wilmington, MA 01887-2177 $60,000,000 Jan 2022 79,140 SF
181 Ballardvale, Wilmington, MA 01887-1098 $17,250,000 Jan 2022 106,035 SF
25 Industrial, Wilmington, MA 01887-3473 $30,200,000 Oct 2021 120,000 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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