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Property profile & analytics
FOR LEASE
Manufacturing properties
172 E Main St, Georgetown, MA 01833
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-0864092
For Lease
1 / 2
$7,015,000
172 E Main St, Georgetown, MA 01833
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1960
Construction
STEEL FRAME
Total area
53,709 SF
Lot
5.81 ac (253,084 SF)
APN
GEOR M:00010 B:00000 L:00007
UPID
US38-0864092
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.26M
CAP Approach
CAP
$8.79M
Comparable Approach
Comparable
$6.91M
Blend (final)
Blend
$7.02M
Owner & transaction history
Arg Nigetma001 LLC · 3 yrs held
Arg Nigetma001 LLC
since 2022
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$7.7M
+3.4%
Warehouse, storage
$7.6M
+1.3%
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 Georgetown submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Georgetown 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
$7,495,000
ML approach
$7,260,000
CAP Approach
CAP Return
Estimation
6%
$9,520,000
6.5%
$8,790,000
7%
$8,160,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$7,455,000
Current use
RETAIL STORES
$7,705,000
Change: +3% · Conversion: Moderate
WAREHOUSE, STORAGE
$7,555,000
Change: +1% · Conversion: Easy
COMMERCIAL (GENERAL)
$7,305,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$7.02M
Range $6.31M – $7.72M · ±10% · vs last sale $6.70M (Jul 11 2022)
Last sale anchor
$6.70M
Jul 11 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
$131 / 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
$82,221
Tax year 2024
Assessed value
$6,551,500
Assessed 2024
Previous assessed
$6,551,500
+0.0% YoY
Effective rate
1.25%
On assessed value
Assessed land
$684,700
Assessed improvement
$5,866,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1960
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Bathrooms
2
Total area
53,709 SF
Lot
5.81 ac (253,084 SF)
APN
GEOR M:00010 B:00000 L:00007
UPID
US38-0864092
Jurisdiction
GEORGETOWN
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
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
$7.5M
RETAIL STORES
Est. value
$7.7M
WAREHOUSE, STORAGE
Est. value
$7.6M
COMMERCIAL (GENERAL)
Est. value
$7.3M
INDUSTRIAL (GENERAL) Current
RETAIL STORES
WAREHOUSE, STORAGE
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
1960
Construction
STEEL FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
2
Lot
5.81 ac
Current owner
From public records · entity-resolved
Arg Nigetma001 LLC
Entity
Free & Clear · 3 yrs held
Mailing address
650 5TH AVE FL, NEW YORK, NY 10019-6108
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2022
$6,700,000
Arg Nigetma001 LLC
Mmg Georgetown Acq LLC
Quit Claim Arm's Length For Ne States
—
Jun 21, 2022
—
Ufpt Ma LLC
Ufp Technologies INC
Correction Deed
related
—
Dec 13, 2021
—
Ufpt Ma LLC
Ufp Technologies INC
Quit Claim Deed
related
—
Mar 3, 2003
—
Ufp Technoligies INC
—
Deed Of Trust
related
$19,500,000 · Fleet Capital Corp
Jun 5, 2001
—
Ufp Technologies INC
—
Deed Of Trust
related
$23,000,000 · Citizens Bank Of Ma
Jan 5, 1993
—
United Foam Plastics
—
Deed Of Trust
related
$300,000 · Gloucester Bank & Trust Co
Mar 4, 1987
—
United Foam Plastics
—
Deed Of Trust
related
$1,000,000 · Gloucester Bk & Tr Co
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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