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    Property profile & analytics

    1179 Main St Wakefield, MA 01880-4107

    • Retail space
    • 2,778 SF
    • 0.17 lot acres
    OFF-MARKET
    Value Estimation
    $370,000
    Location Intelligence
    Property ID
    US38-1134409
    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

    • Cibo Cafe & Bistro / Stuzzico osteria & bistro / Italian Restaurant / Bakery
    • United States Postal Service / Shipping And Mailing Service / Post Office
    • Kelsey Media Productions / Video Production Service
    • One Child One Smile Foundation / Charity
    • Atlantic Medical Billing Solutions / Medical Billing Service

    Property Details for 1179 Main St

    Year built
    1960
    Construction
    STEEL FRAME
    Lot size
    0.17 lot acres
    Property size
    2,778 SF
    Zone code
    NB
    Property type
    Retail space
    APN
    WAKE M:000027 B:0148 P:0093A+
    APU
    WAKEM000027B0148P0093A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $375,000

    • CAP approach

      CAP return
      Estimation
      6%
      $385,000
      6.5%
      $415,000
      7%
      $375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $335,000
      Geo Method
      $370,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $465,000
      Retail
      $390,000
      Mixed-Use
      $375,000
      Hospitality
      $385,000
      Educational
      $360,000
      Residential Income
      $365,000
      Energy
      $460,000
      Income-Based Land
      $445,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Wakefield
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0625
    Latitude
    42.4766
    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
    $12,150
    $288,700
    $271,200
    $559,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6,980 SF

      258-262 Water St

      RETAIL STORES (PERSONAL SERVICES) • 6,980 SF
      258-262 Water St, Wakefield, MA 01880
      View Details
    • Value Estimation
      $410,000
      6,030 SF

      54 Avon St

      RETAIL STORES (PERSONAL SERVICES) • 6,030 SF
      54 Avon St, Wakefield, MA 01880
      View Details
    • Value Estimation
      $375,000
      2,556 SF

      377 Lowell St

      RETAIL STORES (PERSONAL SERVICES) • 2,556 SF
      377 Lowell St, Wakefield, MA 01880-1736
      View Details
    • Value Estimation
      $405,000
      3,980 SF

      1285 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,980 SF
      1285 Main St, Wakefield, MA 01880-4115
      View Details
    • Value Estimation
      $305,000
      1,126 SF

      237 Nn Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,126 SF
      237 Nn Ave, Wakefield, MA 01880-2314
      View Details
    • Value Estimation
      $425,000
      3,634 SF

      269 Nn Ave

      RETAIL STORES (PERSONAL SERVICES) • 3,634 SF
      269 Nn Ave, Wakefield, MA 01880-2315
      View Details

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    Similar Nearby for Lease

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      6,000 SF

      Prime Wakefield Retail Space

      6,000 SF Retail Space Available
      500 Main St, Wakefield, MA 01880
      View Details
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      Downtown Wakefield Retail Space Available

      Retail space in prime downtown location, all utilities included.
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    • Contact for pricing
      3,667 SF

      Prime Wakefield Retail Space

      Restaurant/Commercial Space Available
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      View Details
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    1179 Main St
    Wakefield, MA 01880-4107
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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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