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Property profile & analytics
OFF-MARKET
Estimated value
$89,595,000
Warehouses
160 Mechanic St, Bellingham, MA 02019-3106
Entity Owned
4-yr Hold
Free & Clear
Property ID
US38-2070687
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Construction
STEEL FRAME
Total area
345,000 SF
Lot
60.44 ac (2,632,766 SF)
Zoning code
BUS1
APN
BELL M:0051 B:0013 L:0000
UPID
US38-2070687
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
-
TriMark United East Bellingham Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$68.56M
Comparable Approach
Comparable
$80.66M
Blend (final)
Blend
$89.60M
Owner & transaction history
Lpf Bellingham LLC · 4 yrs held
Lpf Bellingham LLC
since 2022
Last sale
$96.7M
1 recorded transaction
Zoning & alternative use
BUS1 · Bellingham, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$148.1M
+148.3%
Auto repair, garage
$111.1M
+86.3%
Office building
$101.2M
+69.7%
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 Bellingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellingham 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
$105,365,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$74,270,000
6.5%
$68,555,000
7%
$63,660,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$59,630,000
Current use
RESTAURANT
$148,075,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$111,095,000
Change: +86% · Conversion: Easy
OFFICE BUILDING
$101,210,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$101,015,000
Change: +69% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$99,110,000
Change: +66% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$56,565,000
Change: -5% · Conversion: Easy
COMMERCIAL (GENERAL)
$53,905,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$89.60M
Range $80.64M – $98.55M · ±10% · vs last sale $96.70M (Apr 26 2022)
Last sale anchor
$96.70M
Apr 26 2022
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
$260 / 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
$1,099,942
Tax year 2024
Assessed value
$59,392,100
Assessed 2024
Previous assessed
$59,392,100
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$5,047,800
Assessed improvement
$54,344,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
345,000 SF
Lot
60.44 ac (2,632,766 SF)
Zoning code
BUS1
APN
BELL M:0051 B:0013 L:0000
UPID
US38-2070687
Jurisdiction
BELLINGHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BUS1 · Bellingham, MA
Zoning BUS1 · permitted uses
BUS1 · Bellingham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellingham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$59.6M
RESTAURANT
Est. value
$148.1M
AUTO REPAIR, GARAGE
Est. value
$111.1M
OFFICE BUILDING
Est. value
$101.2M
RETAIL STORES
Est. value
$101.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$99.1M
INDUSTRIAL (GENERAL)
Est. value
$56.6M
COMMERCIAL (GENERAL)
Est. value
$53.9M
WAREHOUSE, STORAGE Current
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
INDUSTRIAL (GENERAL)
COMMERCIAL (GENERAL)
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
2020
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
60.44 ac
Current owner
From public records · entity-resolved
Lpf Bellingham LLC
Entity
Free & Clear · 4 yrs held
Mailing address
25 MALL RD STE #402, BURLINGTON, MA 01803-4199
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 26, 2022
$96,700,000
Lpf Bellingham LLC
Tr Bellingham LLC
Quit Claim Arm's Length For Ne States
—
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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