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    Property profile & analytics

    116 Foundry St Wakefield, MA 01880-2493

    • Manufacturing properties
    • 10,943 SF
    • 0.52 lot acres
    OFF-MARKET
    Value Estimation
    $385,000
    Last Sale
    Sep 01, 2021
    $405,000
    Location Intelligence
    Property ID
    US38-0758974
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Armor Fence & Supply Co / Fence Contractor
    • Don Hutchinson Cycle / Triumph Motorcycle Dealer / Used Motorcycle Dealer

    Property Details for 116 Foundry St

    Year built
    1950
    Construction
    STEEL FRAME
    Lot size
    0.52 lot acres
    Property size
    10,943 SF
    Zone code
    I
    Property type
    Manufacturing properties
    APN
    WAKE M:000013 B:0037 P:00104E
    APU
    WAKEM000013B0037P00104E

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $385,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $360,000
      7%
      $420,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $400,000
      Geo Method
      $350,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $395,000
      Retail
      $410,000
      Mixed-Use
      $430,000
      Hospitality
      $445,000
      Educational
      $475,000
      Residential Income
      $405,000
      Energy
      $395,000
      Income-Based Land
      $420,000
      Food Service
      $430,000

    Location Insight

    • Map
    • Local Demand
    City
    Wakefield
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0732
    Latitude
    42.4986
    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
    $17,232
    $272,100
    $522,000
    $794,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,375,000
      15,600 SF

      4 Railroad Ave

      MANUFACTURING (LIGHT) • 15,600 SF
      4 Railroad Ave, Wakefield, MA 01880-3240
      View Details
    • Value Estimation by Request
      2,360 SF

      427 Water St

      MANUFACTURING (LIGHT) • 2,360 SF
      427 Water St, Wakefield, MA 01880-3516
      View Details
    • Value Estimation by Request
      7,626 SF

      78 Water St

      MANUFACTURING (LIGHT) • 7,626 SF
      78 Water St, Wakefield, MA 01880-3015
      View Details
    • Value Estimation by Request
      18,252 SF

      26 Albion St

      MANUFACTURING (LIGHT) • 18,252 SF
      26 Albion St, Wakefield, MA 01880-2803
      View Details
    • Value Estimation
      $1,405,000
      19,474 SF

      474 Main St

      MANUFACTURING (LIGHT) • 19,474 SF
      474 Main St, Wakefield, MA 01880-3320
      View Details
    • Value Estimation by Request
      15,680 SF

      102 Foundry St

      MANUFACTURING (LIGHT) • 15,680 SF
      102 Foundry St, Wakefield, MA 01880-3204
      View Details

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    Similar Nearby for Lease

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      Warehouse/light industrial space for rent, utilities included.
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    • $272 SF/Yr
      2,000 SF

      Downtown Wakefield Office Space

      Prime Retail/Office, Single Tenant, 950 sq ft.
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      Amenity-Rich Office Space Available

      Class A office campus with many amenities and natural surroundings.
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    • Contact for pricing
      3,932 SF

      Wakefield Office Space Available

      Office space for rent in Wakefield, Massachusetts.
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      View Details
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    116 Foundry St
    Wakefield, MA 01880-2493
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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