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Property profile & analytics
OFF-MARKET
Estimated value
$16,660,000
Industrial properties
181 Ballardvale St Wilmington, MA 01887-1098
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-1597643
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1983
Construction
STEEL FRAME
Total area
106,035 SF
Lot
8.65 ac (376,794 SF)
APN
WILM M:00R2 L:0000 P:0020A
UPID
US38-1597643
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
-
Trane Commercial Sales Office HVAC Service General Contractor
-
Viant Medical Industrial Manufacturer Production Facility
-
Houghton Mifflin Harcourt Publishing Publishing House
-
LEDVANCE LLC Corporate Office
-
Claimify Insurance Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$17.35M
Comparable Approach
Comparable
$12.23M
Blend (final)
Blend
$16.66M
Owner & transaction history
Ballardvale Owner LLC · 4 yrs held
Ballardvale Owner LLC
since 2022
Last sale
$17.3M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
$14,785,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$18,800,000
6.5%
$17,350,000
7%
$16,115,000
Blend value · Realmo final
$16.66M
Range $14.99M – $18.33M · ±10% · vs last sale $17.25M (Jan 10 2022)
Last sale anchor
$17.25M
Jan 10 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
$157 / 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
$407,987
Tax year 2024
Assessed value
$15,554,200
Assessed 2024
Previous assessed
$14,951,600
+4.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$3,306,000
Assessed improvement
$12,248,200
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
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
5
Bathrooms
4
Total area
106,035 SF
Lot
8.65 ac (376,794 SF)
APN
WILM M:00R2 L:0000 P:0020A
UPID
US38-1597643
Jurisdiction
WILMINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, 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
Building & site characteristics
From public records
Year built
1983
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
5
Bathrooms
4
Lot
8.65 ac
Current owner
From public records · entity-resolved
Ballardvale Owner LLC
Entity
Mailing address
181 BALLARDVALE ST, WILMINGTON, MA 01887-1098
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 2, 2023
—
Ballardvale Owner LLC
—
Deed
related
$30,000,000 · Berkshire Bank
Feb 17, 2022
—
Ballardvale Owner LLC
—
Deed
related
$26,907,150 · Efm Transfer Agent Ll
Jan 10, 2022
$17,250,000
Ballardvale Owner LLC
G&i 9&gp4 181 Ballardvale
Quit Claim Arm's Length For Ne States
$20,250,000 · G&1 9&gpa 181 Ba
Aug 29, 2019
—
G&i 9gp4 181 Ballardvale
—
Deed
related
$74,950,000 · Wells Fargo Bank NA
Jun 27, 2019
$13,689,227
G I Ix 181 Bllrdvlle
181 Bop LLC
Quit Claim Deed
—
Oct 30, 2015
$10,157,421
181 Bop Ll LLC
Vif&ballardvale 181-18
Quit Claim Arm's Length For Ne States
$56,500,000 · Citizens Bank
Jul 30, 2013
—
Vifballarvale 181-187 LLC
—
Deed Of Trust
related
$275,185 · Worth Funding INC
Jun 30, 2006
$25,000,000
Vif-ballardva 181-187 LLC
Ballardvale Investors LP
Grant Deed
$14,935,000 · Mass Mutual LLC
Jun 2, 1998
$18,200,000
Ballardvale Investors
New Boston Ballardvale
Grant Deed
related
$14,400,000 · Zuckerman Family Nomi
May 2, 1994
$4,444,060
Mbl Life Assurance Co
Mutual Benefit Life
Grant Deed
—
Jan 2, 1992
$5,975,000
Mutual Benefit Life
Ballardvale Park Assoc
Grant Deed
—
—
—
Vif Ballardvale 200 LLC
—
Deed Of Trust
related
$48,000,000 · Bank Of America
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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