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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Investment properties
19 Ctr St Wakefield, MA 01880-2404
Entity Owned
4-yr Hold
Property ID
US38-0579614
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1940
Construction
FRAME
Total area
4,212 SF
Lot
0.14 ac (6,312 SF)
Zoning code
B
APN
WAKE M:000017 B:0102 P:000098
UPID
US38-0579614
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
-
Ciao Amici Restaurant Restaurant
-
Massimo's Ristorante Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$800k
CAP Approach
CAP
$1.07M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
Wsmg LLC · 4 yrs held
Wsmg LLC
since 2022
Last sale
$815,000
5 recorded transactions
Zoning & alternative use
B · Wakefield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.2M
+8.9%
Neighborhood: shopping center
$1.2M
+7.2%
Retail stores
$1.1M
+4.3%
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 Wakefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wakefield 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
$760,000
ML approach
$800,000
CAP Approach
CAP Return
Estimation
6%
$1,160,000
6.5%
$1,070,000
7%
$995,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,090,000
Current use
AUTO REPAIR, GARAGE
$1,185,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,165,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$1,135,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$920,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$795k
Range $716k – $875k · ±10% · vs last sale $815k (Mar 16 2022)
Last sale anchor
$815k
Mar 16 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
$189 / 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
Assessed value
$852,700
Assessed 2024
Previous assessed
$778,000
+9.6% YoY
Assessed land
$347,000
Assessed improvement
$505,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1940
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
3
Units
5
Rooms
12
Bathrooms
6
Total area
4,212 SF
Lot
0.14 ac (6,312 SF)
Zoning code
B
APN
WAKE M:000017 B:0102 P:000098
UPID
US38-0579614
Jurisdiction
WAKEFIELD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Wakefield, MA
Zoning B · permitted uses
B · Wakefield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wakefield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.2M
RETAIL STORES
Est. value
$1.1M
OFFICE BUILDING
Est. value
$920,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
OFFICE BUILDING
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
1940
Construction
FRAME
Heating
HOT WATER
Stories
3
Buildings
1
Units
5
Rooms
12
Bathrooms
6
Lot
0.14 ac
Current owner
From public records · entity-resolved
Wsmg LLC
Entity
Mailing address
1 CURTIS ST, BOSTON, MA 02128-5162
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2022
$815,000
Wsmg LLC
Dl Properties LLC
Quit Claim Arm's Length For Ne States
$739,850 · Wakefield Cooperative Bank
Dec 28, 2012
$450,000
Dl Properties LLC
19 Centre Street RT
Grant Deed
$450,000 · Jean M Ventura
Oct 27, 1998
—
19 Centre St. RT
—
Deed Of Trust
related
$80,452 · Gary Needham
Nov 22, 1995
—
19 Centre St. RT
—
Deed Of Trust
related
$78,923 · Gary Needham
Oct 23, 1992
—
19 Centre St. RT
—
Deed Of Trust
related
$89,000 · Gary Needham
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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