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Property profile & analytics
OFF-MARKET
Estimated value
$1,035,000
Warehouses
18 Lonergan Rd, Middleton, MA 01949-2402
Entity Owned
1-yr Hold
Free & Clear
Property ID
US38-1660730
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1964
Construction
CONCRETE
Total area
8,224 SF
Lot
1.66 ac (72,310 SF)
Zoning code
M1
APN
MIDD M:0033 B:0000 L:0004
UPID
US38-1660730
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
-
H2O Care, Inc. General Contractor
-
The Plumbing Academy, Inc. Vocational School Training Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.04M
Owner & transaction history
Lonergan Road Realty LLC · 1 yrs held
Lonergan Road Realty LLC
since 2025
Last sale
$999,900
6 recorded transactions
Zoning & alternative use
M1 · Middleton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+41.7%
Industrial (general)
$1.3M
+16.4%
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 Middleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleton 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,155,000
Current use
COMMERCIAL (GENERAL)
$1,640,000
Change: +42% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$1,345,000
Change: +16% · Conversion: Easy
Blend value · Realmo final
$1.04M
Range $932k – $1.14M · ±10% · vs last sale $1,000k (Oct 24 2024)
Last sale anchor
$1,000k
Oct 24 2024
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
$126 / 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
$11,005
Tax year 2024
Assessed value
$933,400
Assessed 2024
Previous assessed
$933,400
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$679,200
Assessed improvement
$254,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1964
Construction
CONCRETE
Heating
SPACE
Cooling
YES
Buildings
1
Stories
2
Units
1
Total area
8,224 SF
Lot
1.66 ac (72,310 SF)
Zoning code
M1
APN
MIDD M:0033 B:0000 L:0004
UPID
US38-1660730
Jurisdiction
MIDDLETON
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Middleton, MA
Zoning M1 · permitted uses
M1 · Middleton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middleton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.6M
INDUSTRIAL (GENERAL)
Est. value
$1.3M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
INDUSTRIAL (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
1964
Construction
CONCRETE
Heating
SPACE
Cooling
Yes
Stories
2
Buildings
1
Units
1
Lot
1.66 ac
Current owner
From public records · entity-resolved
Lonergan Road Realty LLC
Entity
Free & Clear · 1 yrs held
Mailing address
177 N MAIN ST #201, MIDDLETON, MA 01949-1676
Ownership since
2025
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
Jan 24, 2025
$999,900
Lonergan Road Realty LLC
Jmv Enterprises LLC
Deed
—
Jul 11, 2013
$595,000
Jason M Vining
Mtd Realty Corp
Quit Claim Arm's Length For Ne States
$470,800 · Td Bank NA
May 1, 2007
$375,200
Mtd Realty Corp
Almar RT
Grant Deed
$500,000 · Danvers Savings Bank
May 1, 2007
—
Mtd Realty Corp
—
Deed Of Trust
related
$375,000 · Danvers Savings Bank
Jun 27, 1990
—
Warmar RT
—
Deed Of Trust
related
$600,000 · Gary Needham
Feb 4, 1987
—
Almar RT
—
Deed Of Trust
related
$600,000 · Bank Of Ne Essex
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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