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Property profile & analytics
OFF-MARKET
Estimated value
$525,000
Retail space
1179 Main St Wakefield, MA 01880-4107
Individually Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1134409
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1960
Construction
STEEL FRAME
Total area
2,778 SF
Lot
0.17 ac (7,392 SF)
Zoning code
NB
APN
WAKE M:000027 B:0148 P:0093A+
UPID
US38-1134409
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
-
Cibo Cafe & Bistro / Stuzzico osteria & bistro Restaurant
-
United States Postal Service Money Order Service Shipping And Mailing Service
-
Kelsey Media Productions Film Production Television Studio
-
One Child One Smile Foundation Charitable Organization
-
Atlantic Medical Billing Solutions Medical Billing Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$375k
CAP Approach
CAP
$615k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$525k
Owner & transaction history
Joseph Torretta · 19 yrs held
Joseph Torretta
since 2007
4 recorded transactions
Zoning & alternative use
NB · Wakefield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$780,000
+4.4%
Neighborhood: shopping center
$770,000
+2.8%
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 Wakefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wakefield 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
by Request
ML approach
$375,000
CAP Approach
CAP Return
Estimation
6%
$665,000
6.5%
$615,000
7%
$570,000
Alternative Use
Use
Estimation
RETAIL STORES
$750,000
Current use
AUTO REPAIR, GARAGE
$780,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$720,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$610,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
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
$189 / 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
$12,150
Tax year 2024
Assessed value
$559,900
Assessed 2024
Previous assessed
$477,400
+17.3% YoY
Effective rate
2.17%
On assessed value
Assessed land
$288,700
Assessed improvement
$271,200
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Rooms
3
Bathrooms
5
Total area
2,778 SF
Lot
0.17 ac (7,392 SF)
Zoning code
NB
APN
WAKE M:000027 B:0148 P:0093A+
UPID
US38-1134409
Jurisdiction
WAKEFIELD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
NB · Wakefield, MA
Zoning NB · permitted uses
NB · Wakefield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wakefield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$750,000
AUTO REPAIR, GARAGE
Est. value
$780,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$770,000
COMMERCIAL (GENERAL)
Est. value
$720,000
OFFICE BUILDING
Est. value
$610,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Rooms
3
Bathrooms
5
Lot
0.17 ac
Current owner
From public records · entity-resolved
Joseph Torretta
Individual
Mailing address
29 ALBION ST, WAKEFIELD, MA 01880-2801
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 31, 2012
—
Little Tower Props LLC
—
Deed Of Trust
related
$1,500,000 · Savings Bank
Aug 30, 2007
—
Joseph Torretta
—
Deed Of Trust
related
$480,000 · Cambridge Savings Bank
Jul 13, 2007
—
Joseph Torretta
—
Deed Of Trust
related
$61,000 · Jo Ann Pepicelli
May 2, 2007
$1
Joseph Torretta
Riley,gail A
Grant Deed
—
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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