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Financial
Distress signals
Property profile

2 Pleasure Island Rd Wakefield, MA 01880

FOR LEASE
Office buildings
Property ID
US38-1264324
8,600 SF 0.57 ac lot Built 1997
Last sale May 2017 · $1,125,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 9-yr Hold Held for 9 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
2 Pleasure Island Rd, Wakefield, MA 01880 For Lease
$19 SF/Yr
2 Pleasure Island Rd, Wakefield, MA 01880
View Listing

Property summary

AI-generated overview

The property includes second-floor office space in a commercial building located at 2 Pleasure Island Rd, Wakefield, MA 01880. The suite is configured with a reception area, two private offices, a conference room, a bullpen area that was formerly set up to support eight workstations, and a kitchenette. The property provides for pylon signage, and building signage may be available.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$28k
Tax billed · 2024
Assessed value$1.27M
Assessed land$433k
Assessed improvement$837k
Effective rate2.17%

Value estimate

· Oct 2026
$1.12M
$1.00M – $1.23M
Submarket $/SF estimate$1.51M
NOI build-up
Gross scheduled income$96k
Vacancy & credit loss−$21k
Operating expenses−$19k
NOI · 295,257.89% cap applied$56k

Realmo valuation models over county records and 13 qualifying comparable sales.

Recently sold

What actually traded nearby?
$219/SF
County average, outlier-cleaned · 858 recorded sales of this use type
Observed band · Q1–Q3$122 – $352
Qualifying comparables13

Cap rate analysis

How does the asset earn?
295,257.89%
$56k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
B
District includes those business areas in Wakefield Center and Greenwood, uses allowed are those that serve a community-wide need and enc...
General categoryCOMMERCIAL
JurisdictionWAKEFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Repair Shop12.4
Hair Salon11.6
Auto Parts Store11.0

Location

2 Pleasure Island Rd Wakefield, MA 01880
County assessor Recorded deeds · 3 transfers 13 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
33 Water, Wakefield, MA 01880-2931 $50,000 Dec 2022 3,920 SF
45 Albion, Wakefield, MA 01880-2801 $280,000 Nov 2022 3,261 SF
171 Water, Wakefield, MA 01880-3011 $900,000 Sep 2022 2,184 SF
63 Albion, Wakefield, MA 01880-2801 $460,000 Jan 2022 2,395 SF
88 Foundry, Wakefield, MA 01880-3204 $850,000 Dec 2021 5,969 SF
1 Teal, Wakefield, MA 01880-1223 $888,000 Dec 2021 3,850 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $890,000
    8,753 SF
    23 Water St
    OFFICE BUILDING
    23 Water St, Wakefield, MA 01880-3043
    View Details
  • Value Estimation
    $1,320,000
    10,075 SF
    395-399 Main St
    OFFICE BUILDING
    395-399 Main St, Wakefield, MA 01880
    View Details
  • Value Estimation
    $1,250,000
    11,904 SF
    968 Main St
    OFFICE BUILDING
    968 Main St, Wakefield, MA 01880-3989
    View Details
  • Value Estimation
    $855,000
    5,969 SF
    88 Foundry St
    OFFICE BUILDING
    88 Foundry St, Wakefield, MA 01880-3204
    View Details
  • Value Estimation
    $1,680,000
    14,440 SF
    669 Main St
    OFFICE BUILDING
    669 Main St, Wakefield, MA 01880-5221
    View Details
  • Value Estimation
    $385,000
    4,493 SF
    13-15 Albion St
    OFFICE BUILDING
    13-15 Albion St, Wakefield, MA 01880
    View Details

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    Contact for pricing
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  • New
    Contact for pricing
    2,400 SF
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    Flexible office accommodation includes private rooms, a conference area, and windows facing Main Street and Albion Street.
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  • New
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  • $1,099,000
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    Flexible office property with private rooms, conference space, dedicated parking, and updated building systems.
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Similar Nearby for Lease

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    High-traffic corner site offers pre-construction space with options for drive-through up to 6,000 SF.
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  • Contact for pricing
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    Amenity-rich Class A office campus featuring garage parking, fitness centers, and on-site security.
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  • Contact for pricing
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    Office suite offers windowed private offices, conference rooms, and a small private patio with dedicated parking.
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  • New
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  • New
    $500/Mo
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    Flexible workspace offers private offices, a conference room, and access to nearby shops, restaurants, and public transportation.
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  • New
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    Flexible CBD workspace offers individual offices or a full suite in a central commercial setting.
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