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Property profile & analytics
OFF-MARKET
Estimated value
$1,135,000
Industrial properties
2 De Bush Ave A6, Middleton, MA 01949-1679
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0375204
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2005
Construction
STEEL FRAME
Total area
3,250 SF
Zoning code
M1
APN
MIDD M:0017 A B:0000 L:0006 A
UPID
US38-0375204
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
-
Armset LLC Construction Company
-
Overhead Door Company of Danvers Hardware & Home Improvement Production Facility
-
O'Mahony Electric Electrical Service General Contractor
-
Sonesta Inc Production Facility
-
Mercury Medical Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.14M
Owner & transaction history
Mip LLC · 4 yrs held
Mip LLC
since 2022
Last sale
$1.1M
4 recorded transactions
Zoning & alternative use
M1 · Middleton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$835,000
+57.0%
Auto repair, garage
$780,000
+46.3%
Retail stores
$725,000
+35.8%
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
$1,175,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$835,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$780,000
Change: +46% · Conversion: Easy
RETAIL STORES
$725,000
Change: +36% · Conversion: Moderate
Blend value · Realmo final
$1.14M
Range $1.02M – $1.25M · ±10% · vs last sale $1.05M (May 27 2022)
Last sale anchor
$1.05M
May 27 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
$349 / 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
$5,255
Tax year 2024
Assessed value
$445,700
Assessed 2024
Previous assessed
$445,700
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed improvement
$445,700
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
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2005
Construction
STEEL FRAME
Heating
CENTRAL
Buildings
1
Stories
2
Bathrooms
1
Total area
3,250 SF
Zoning code
M1
APN
MIDD M:0017 A B:0000 L:0006 A
UPID
US38-0375204
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
OFFICE BUILDING
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$780,000
RETAIL STORES
Est. value
$725,000
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2005
Construction
STEEL FRAME
Heating
CENTRAL
Stories
2
Buildings
1
Bathrooms
1
Current owner
From public records · entity-resolved
Mip LLC
Entity
Mailing address
300 ANDOVER ST #372, PEABODY, MA 01960-1526
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2022
$1,050,000
Mip LLC
Hardin LLC
Quit Claim Arm's Length For Ne States
$3,400,000 · Institution For Savings Newburyport
Feb 6, 2015
—
Hardin LLC
J D Hardin
Quit Claim Deed
related
$500,000 · North Shore Bank
Dec 16, 2005
$1
M E Hardin LLC
Hardin Exchange T
Grant Deed
related
—
Sep 29, 2005
—
Exchange T Hardin
—
Deed Of Trust
related
$251,600 · J David Hardin
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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