New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,670,000
Showrooms
19 Leona Dr, Middleboro, MA 02346-1404
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0497186
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1998
Construction
STEEL FRAME
Total area
107,690 SF
Lot
10.61 ac (462,172 SF)
APN
MIDD M:00039 L:1755 U:0000
UPID
US38-0497186
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
$9.60M
CAP Approach
CAP
$16.01M
Comparable Approach
Comparable
$9.54M
Blend (final)
Blend
$15.67M
Owner & transaction history
Lml Leona LLC · 5 yrs held
Lml Leona LLC
since 2021
Last sale
$15.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$24.5M
+49.7%
Auto repair, garage
$22.3M
+36.3%
Office building
$21.8M
+33.2%
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 Middleboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleboro 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
$15,605,000
ML approach
$9,595,000
CAP Approach
CAP Return
Estimation
6%
$17,340,000
6.5%
$16,005,000
7%
$14,860,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$16,335,000
Current use
INDUSTRIAL (GENERAL)
$24,450,000
Change: +50% · Conversion: Moderate
AUTO REPAIR, GARAGE
$22,265,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$21,755,000
Change: +33% · Conversion: Easy
RETAIL STORES
$18,730,000
Change: +15% · Conversion: Easy
Blend value · Realmo final
$15.67M
Range $14.10M – $17.24M · ±10% · vs last sale $15.54M (Feb 26 2021)
Last sale anchor
$15.54M
Feb 26 2021
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
$146 / 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
$88,871
Tax year 2024
Assessed value
$6,193,092
Assessed 2024
Previous assessed
$6,193,092
+0.0% YoY
Effective rate
1.44%
On assessed value
Assessed land
$1,582,900
Assessed improvement
$4,610,192
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
4
Total area
107,690 SF
Lot
10.61 ac (462,172 SF)
APN
MIDD M:00039 L:1755 U:0000
UPID
US38-0497186
Jurisdiction
MIDDLEBORO
Metro division
BOSTON-QUINCY, 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
COMMERCIAL (GENERAL) Current
Est. value
$16.3M
INDUSTRIAL (GENERAL)
Est. value
$24.5M
AUTO REPAIR, GARAGE
Est. value
$22.3M
OFFICE BUILDING
Est. value
$21.8M
RETAIL STORES
Est. value
$18.7M
COMMERCIAL (GENERAL) Current
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
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
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
4
Lot
10.61 ac
Current owner
From public records · entity-resolved
Lml Leona LLC
Entity
Mailing address
19 LEONA DR, MIDDLEBORO, MA 02346-1404
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 26, 2021
$15,537,108
Lml Leona LLC
Nbl 2 Leona LLC
Quit Claim Arm's Length For Ne States
$235,600,000 · Wells Fargo Bank NA
Oct 18, 2018
$9,500,000
Nbl 2 Leona LLC
Mcleona Drive LLC
Quit Claim Deed
$11,980,000 · Washington Tr Co
Sep 1, 2015
$9,040,000
Mc Leona Drive LLC
Campanelli Middleborou
Quit Claim Arm's Length For Ne States
$9,860,500 · Blue Hills Bank
Jun 2, 1998
$250,000
Middleborou Campanelli
Campanelli RT
Grant Deed
related
$3,200,000 · State Street Bank & Trust 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?”
You own 19 Leona Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
