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Property profile & analytics
OFF-MARKET
Estimated value
$7,300,000
Warehouses
12 Progress Ave Tyngsboro, MA 01879-1436
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-0715904
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1999
Construction
STEEL FRAME
Total area
35,558 SF
Lot
4.18 ac (182,081 SF)
Zoning code
I1
APN
TYNG M:013 B:0036 L:0
UPID
US38-0715904
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
-
Malcolm G. Stevens, Inc Building Supply Metal Fabrication Plant
-
Stevens Cottage rentals of New Hampshire Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.30M
CAP Approach
CAP
$7.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.30M
Owner & transaction history
Paradigm Real Estate LLC · 2 yrs held
Paradigm Real Estate LLC
since 2024
Last sale
$7.3M
6 recorded transactions
Zoning & alternative use
I1 · Tyngsboro, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.3M
+99.6%
Auto repair, garage
$10.0M
+93.5%
Neighborhood: shopping center
$9.9M
+90.5%
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 Tyngsboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Tyngsboro 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
$7,300,000
ML approach
$7,300,000
CAP Approach
CAP Return
Estimation
6%
$7,655,000
6.5%
$7,065,000
7%
$6,560,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,170,000
Current use
RESTAURANT
$10,325,000
Change: +100% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,010,000
Change: +94% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$9,850,000
Change: +90% · Conversion: Moderate
RETAIL STORES
$9,585,000
Change: +85% · Conversion: Moderate
COMMERCIAL (GENERAL)
$9,190,000
Change: +78% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$8,195,000
Change: +58% · Conversion: Difficult
OFFICE BUILDING
$7,785,000
Change: +50% · Conversion: Difficult
Blend value · Realmo final
$7.30M
Range $6.57M – $8.03M · ±10% · vs last sale $7.30M (Jan 9 2024)
Last sale anchor
$7.30M
Jan 9 2024
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
$205 / 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
$27,251
Tax year 2024
Assessed value
$2,142,400
Assessed 2024
Previous assessed
$2,142,400
+0.0% YoY
Effective rate
1.27%
On assessed value
Assessed land
$832,500
Assessed improvement
$1,309,900
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
35,558 SF
Lot
4.18 ac (182,081 SF)
Zoning code
I1
APN
TYNG M:013 B:0036 L:0
UPID
US38-0715904
Jurisdiction
TYNGSBORO
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Tyngsboro, MA
Zoning I1 · permitted uses
I1 · Tyngsboro, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Tyngsboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$5.2M
RESTAURANT
Est. value
$10.3M
AUTO REPAIR, GARAGE
Est. value
$10.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
RETAIL STORES
Est. value
$9.6M
COMMERCIAL (GENERAL)
Est. value
$9.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$8.2M
OFFICE BUILDING
Est. value
$7.8M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1999
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
4.18 ac
Current owner
From public records · entity-resolved
Paradigm Real Estate LLC
Entity
Mailing address
12 PROGRESS AVE, TYNGSBORO, MA 01879-1436
Ownership since
2024
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
Jan 9, 2024
$7,300,000
Paradigm Real Estate LLC
12 Progress Ave LLC
Quit Claim Arm's Length For Ne States
$6,760,000 · Middlesex Savings Bank
Jun 16, 2017
—
12 Progress Ave LLC
—
Deed
related
$800,000 · Mutualone Bk
Oct 22, 2009
$1
12 Progress Avenue LLC
Malcolm G Stevens INC
Grant Deed
—
May 21, 2004
—
Malcolm G Stevens INC
—
Deed Of Trust
related
$400,000 · Digital FCU
Feb 15, 2000
$1,000,000
Malcolm G Stevens INC
Village Cutters Mill
Grant Deed
—
Nov 24, 1998
$310,000
Village Cutters Mill
Applewood Const
Grant Deed
$1,000,000 · Zuckerman Family Nomi
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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