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Property profile & analytics
FOR SALE
Manufacturing properties
15 Erie Dr, Natick, MA 01760
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-1873998
For Sale
1 / 6
$2,180,000
15 Erie Dr, Natick, MA 01760
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1959
Construction
FRAME
Total area
8,544 SF
Lot
0.46 ac (20,025 SF)
Zoning code
INI
APN
NATI M:00000008 P:0000001T
UPID
US38-1873998
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
-
BOSTON ROOFING Roofing Company General Contractor
-
Boston Panel Systems General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.11M
CAP Approach
CAP
$1.40M
Comparable Approach
Comparable
$2.17M
Blend (final)
Blend
$2.18M
Owner & transaction history
Kj Realty Investments LLC · 5 yrs held
Kj Realty Investments LLC
since 2021
Last sale
$2.3M
6 recorded transactions
Zoning & alternative use
INI · Natick, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$2.5M
+89.1%
Auto repair, garage
$2.4M
+83.4%
Neighborhood: shopping center
$2.4M
+80.5%
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 Natick submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Natick 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
$2,130,000
ML approach
$2,105,000
CAP Approach
CAP Return
Estimation
6%
$1,515,000
6.5%
$1,400,000
7%
$1,300,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,310,000
Current use
RESTAURANT
$2,480,000
Change: +89% · Conversion: Difficult
AUTO REPAIR, GARAGE
$2,405,000
Change: +83% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$2,365,000
Change: +81% · Conversion: Difficult
RETAIL STORES
$2,305,000
Change: +76% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,210,000
Change: +68% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,970,000
Change: +50% · Conversion: Difficult
OFFICE BUILDING
$1,640,000
Change: +25% · Conversion: Difficult
Blend value · Realmo final
$2.18M
Range $1.96M – $2.40M · ±10% · vs last sale $2.25M (Feb 11 2021)
Last sale anchor
$2.25M
Feb 11 2021
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
$255 / 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
$25,834
Tax year 2024
Assessed value
$2,107,200
Assessed 2024
Previous assessed
$2,107,200
+0.0% YoY
Effective rate
1.23%
On assessed value
Assessed land
$729,500
Assessed improvement
$1,377,700
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Sale
Year built
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Rooms
1
Total area
8,544 SF
Lot
0.46 ac (20,025 SF)
Zoning code
INI
APN
NATI M:00000008 P:0000001T
UPID
US38-1873998
Jurisdiction
NATICK
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
INI · Natick, MA
Zoning INI · permitted uses
INI · Natick, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Natick. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.3M
RESTAURANT
Est. value
$2.5M
AUTO REPAIR, GARAGE
Est. value
$2.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.4M
RETAIL STORES
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.0M
OFFICE BUILDING
Est. value
$1.6M
INDUSTRIAL (GENERAL) 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
1959
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Rooms
1
Lot
0.46 ac
Current owner
From public records · entity-resolved
Kj Realty Investments LLC
Entity
Mailing address
15 ERIE DR, NATICK, MA 01760-1312
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
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
Feb 11, 2021
$2,250,000
Kj Realty Investments LLC
Erie Realty LLC
Quit Claim Arm's Length For Ne States
$1,750,000 · Middlesex Savings Bank
Sep 25, 2013
—
Erie Realty LLC
Cgc RT
Quit Claim Deed
related
—
Oct 1, 2004
—
Cgc RT
—
Deed Of Trust
related
$800,000 · Middlesex Savings Bank
Jun 20, 2001
—
Cgc RT
—
Deed Of Trust
related
$560,000 · Middlesex Savings Bank
Jan 12, 1999
—
Cgc RT
—
Deed Of Trust
related
$150,000 · Bankboston Development Co LLC
Jan 17, 1996
$305,000
Cgc RT
North Beacon Rlty Co
Grant Deed
$351,000 · Bankboston Development Co LLC
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.
Try Rey
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