Property profile

1 Melvin St 2A Wakefield, MA 01880

OFF-MARKET
Industrial properties
Property ID
US38-0753666
4,655 SF Built 1987
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Industrial properties
Use group CONDOMINIUMS (INDUSTRIAL)
Year built 1987
Construction STEEL FRAME
Total area 4,655 SF
Zoning code I
APN WAKE M:000017 B:0018 P:19252A
UPID US38-0753666

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • General Contractor Renovation Specialist
  • Auto Repair Shop
  • Plumbing Service General Contractor
  • Construction Company General Contractor
  • Law Firm

Location

1 Melvin St, Unit 2A Wakefield, MA 01880-2577
Wakefield metro Census 335302 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$760k
Comparable Approach Comparable
$353k
Blend (final) Blend
$245k

Owner & transaction history

since 2009
1 recorded transaction
2009
$1.3M

Zoning & alternative use

I · Wakefield, MA
Zoning description

I. Accessory industrial retail. The finished products of an industrial establishment may be sold in the enclosed premises at retail, provided that: (1) The floor area devoted to such retail does not exceed 10% of the tot…

General category INDUSTRIAL

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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