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Property profile & analytics
OFF-MARKET
Estimated value
$16,495,000
Manufacturing properties
100 Progress Way Wilmington, MA 01887-3424
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-1634905
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
50,318 SF
Lot
2.79 ac (121,532 SF)
APN
WILM M:0056 L:0000 P:0120
UPID
US38-1634905
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
-
Hubbard-Hall Inc Chemical Plant
-
Miller of New England Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.08M
Blend (final)
Blend
$16.50M
Owner & transaction history
Ulf 100 Progress LLC · 4 yrs held
Ulf 100 Progress LLC
since 2021
Last sale
$16.6M
6 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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
Method
Estimation
Statistic approach
$15,700,000
ML approach
$10,035,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.50M
Range $14.85M – $18.14M · ±10% · vs last sale $16.60M (Nov 15 2021)
Last sale anchor
$16.60M
Nov 15 2021
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$328 / 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
$95,530
Tax year 2024
Assessed value
$3,642,000
Assessed 2024
Previous assessed
$3,535,000
+3.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$877,400
Assessed improvement
$2,764,600
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
2
Bathrooms
2
Total area
50,318 SF
Lot
2.79 ac (121,532 SF)
APN
WILM M:0056 L:0000 P:0120
UPID
US38-1634905
Jurisdiction
WILMINGTON
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
1976
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
2
Bathrooms
2
Lot
2.79 ac
Current owner
From public records · entity-resolved
Ulf 100 Progress LLC
Entity
Free & Clear · 4 yrs held
Mailing address
100 PROGRESS WAY, WILMINGTON, MA 01887-3424
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2025
—
Ulf 100 Progress LLC
—
Deed
related
$1 · Wells Fargo Bank NA
Nov 15, 2021
$16,600,000
Ulf 100 Progress LLC
Dicenso Wilmington LLC
Quit Claim Arm's Length For Ne States
—
Nov 12, 2021
$16,600,000
Ulf 100 Progress LLC
Dicenso Wilmington LLC
Quit Claim Arm's Length For Ne States
—
Jul 2, 2004
$1
Dicenso Wilmington LLC
Dicenso Inv Prop
Grant Deed
related
—
May 26, 1995
—
Dicenso Investment Pro
—
Deed Of Trust
related
$725,000 · Brookline Savings Bank
Jan 13, 1994
—
Dicenso Investment Pro
—
Grant Deed
related
$100,000 · 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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