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    Property profile & analytics

    1400 Main St Millis, MA 02054-1405

    • Industrial properties
    • 11,860 SF
    • 8.72 lot acres
    OFF-MARKET
    Value Estimation
    $2,160,000
    Last Sale
    Aug 23, 2022
    $2,000,000
    Location Intelligence
    Property ID
    US38-0545632
    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

    • Medway Lumber / Building Materials Store / Door Supplier

    Property Details for 1400 Main St

    Year built
    1984
    Construction
    STEEL FRAME
    Lot size
    8.72 lot acres
    Property size
    11,860 SF
    Property type
    Industrial properties
    APN
    MILL M:021 B:0000018
    APU
    MILLM021B0000018

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,180,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,995,000
      6.5%
      $1,830,000
      7%
      $1,910,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,290,000
      Geo Method
      $2,100,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,680,000
      Retail
      $1,645,000
      Mixed-Use
      $2,205,000
      Hospitality
      $1,925,000
      Educational
      $2,015,000
      Residential Income
      $2,240,000
      Energy
      $1,920,000
      Income-Based Land
      $1,955,000
      Food Service
      $1,965,000

    Location Insight

    • Map
    • Local Demand
    City
    Millis
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.3812
    Latitude
    42.1581
    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
    $18,806
    $460,500
    $684,800
    $1,145,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      20.10 Acres

      66 Main St

      INDUSTRIAL (GENERAL) • 20.10 Acres
      66 Main St, Millis, MA 02054-1316
      View Details
    • Value Estimation
      $520,000
      14,800 SF

      1590 Main St

      MANUFACTURING (LIGHT) • 14,800 SF
      1590 Main St, Millis, MA 02054-1449
      View Details
    • Value Estimation
      $475,000
      10,000 SF

      1380 Main St

      MANUFACTURING (LIGHT) • 10,000 SF
      1380 Main St, Millis, MA 02054-1402
      View Details
    • Value Estimation by Request
      34,435 SF

      150 Dover Rd

      MANUFACTURING (LIGHT) • 34,435 SF
      150 Dover Rd, Millis, MA 02054-1335
      View Details
    • Value Estimation
      $3,720,000
      7,292 SF

      1486 Main St

      MANUFACTURING (LIGHT) • 7,292 SF
      1486 Main St, Millis, MA 02054
      View Details
    • Value Estimation
      $600,000
      14,466 SF

      1360 Main St

      MANUFACTURING (LIGHT) • 14,466 SF
      1360 Main St, Millis, MA 02054-1402
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,466 SF

      NNN-Leased Asset in Growing Community

      High-performing property in Millis, MA, poised for growth.
      1360 Main St, Millis, MA 02054
      View Details
    • $550,000

      Two-Family Home on Large Lot

      Two-unit property on 1.7 acres with renovation potential.
      33 Spencer St, Millis, MA 02054
      View Details
    • $3,000,000

      36 Acres in Millis, MA

      36-acre land opportunity with income-generating solar lease in Millis.
      1380 Main St, Millis, MA 02054
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      46,648 SF

      Industrial Building on Route 109

      46,248 SF flex/industrial building on 3.4 acres.
      1375 Main St, Millis, MA 02054
      View Details
    • $1,800 /Mo

      Retail Space in High Visibility Area

      Retail space in a high-traffic area on Route 109.
      915 Main St, Millis, MA 02054
      View Details
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    1400 Main St
    Millis, MA 02054-1405
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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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