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Property profile & analytics
OFF-MARKET
Estimated value
$3,580,000
Industrial properties
170 Forbes Blvd, Mansfield, MA 02048-1149
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0936888
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
STEEL FRAME
Total area
23,309 SF
Lot
2.43 ac (105,851 SF)
APN
MANS M:044 B:216
UPID
US38-0936888
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
-
Teknova Laboratory
-
Community Servings Distribution Center Logistics Company
-
Stanberry LLC Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.55M
CAP Approach
CAP
$3.51M
Comparable Approach
Comparable
$3.00M
Blend (final)
Blend
$3.58M
Owner & transaction history
Tsc Forbes 170 LLC · 3 yrs held
Tsc Forbes 170 LLC
since 2023
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.5M
+106.4%
Auto repair, garage
$4.2M
+56.9%
Retail stores
$3.8M
+44.7%
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 Mansfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mansfield 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
$3,540,000
ML approach
$3,545,000
CAP Approach
CAP Return
Estimation
6%
$3,800,000
6.5%
$3,510,000
7%
$3,260,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$2,645,000
Current use
RESTAURANT
$5,455,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,150,000
Change: +57% · Conversion: Easy
RETAIL STORES
$3,825,000
Change: +45% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,730,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$3,560,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,560,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,095,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$3.58M
Range $3.22M – $3.94M · ±10% · vs last sale $3.95M (May 18 2023)
Last sale anchor
$3.95M
May 18 2023
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
$154 / 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
$51,809
Tax year 2024
Assessed value
$2,716,800
Assessed 2024
Previous assessed
$2,716,800
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$681,100
Assessed improvement
$2,035,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Total area
23,309 SF
Lot
2.43 ac (105,851 SF)
APN
MANS M:044 B:216
UPID
US38-0936888
Jurisdiction
MANSFIELD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$2.6M
RESTAURANT
Est. value
$5.5M
AUTO REPAIR, GARAGE
Est. value
$4.2M
RETAIL STORES
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.7M
OFFICE BUILDING
Est. value
$3.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$3.1M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Lot
2.43 ac
Current owner
From public records · entity-resolved
Tsc Forbes 170 LLC
Entity
Mailing address
170 FORBES BLVD, MANSFIELD, MA 02048-1149
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 18, 2023
$3,950,000
Tsc Forbes 170 LLC
Meeches LLC
Quit Claim Arm's Length For Ne States
—
Dec 17, 2019
—
Mesches LLC
—
Deed
related
$1,703,000 · First Republic Bank
Jun 18, 2019
$2,612,927
Meeches LLC
Corner Stone R/e
Quit Claim Deed
—
Jan 23, 2009
—
Corner Stone Re Holdin Co
—
Deed Of Trust
related
$1,000,000 · Winchester Savings Bank
Oct 22, 2007
—
Stone Re Holding Corner
—
Deed Of Trust
related
$1,200,000 · Winchester Savings Bank
Mar 9, 2007
—
Stone Re Hold Corner
—
Deed Of Trust
related
$2,000,000 · Winchester Savings Bank
Aug 17, 2005
—
Corner Stone Re Holdings
—
Deed Of Trust
related
$900,000 · Winchester Savings Bank
Jan 29, 2003
$2,570,000
Stone Rlest Holdi Corner
Berkeley Investments INC
Grant Deed
$1,000,000 · Brookline Coop Bank
Dec 11, 2001
$37,000,000
Mansfield Forbes LLC
Motorola INC
Grant Deed
$29,000,000 · 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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