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Property profile & analytics
OFF-MARKET
Estimated value
$11,370,000
Industrial properties
20 Middlesex Rd, Mansfield, MA 02048-1828
Entity Owned
~
Est. High Equity
Property ID
US38-0749984
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1980
Construction
STEEL FRAME
Total area
76,784 SF
Lot
7.5 ac (326,700 SF)
APN
MANS M:044 B:708
UPID
US38-0749984
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
$12.27M
CAP Approach
CAP
$11.56M
Comparable Approach
Comparable
$8.64M
Blend (final)
Blend
$11.37M
Owner & transaction history
Gki II Boston LLC
Gki II Boston LLC
since 2026
Last sale
$15.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$18.0M
+106.4%
Auto repair, garage
$13.7M
+56.9%
Retail stores
$12.6M
+44.7%
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 Mansfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mansfield 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
$10,835,000
ML approach
$12,265,000
CAP Approach
CAP Return
Estimation
6%
$12,525,000
6.5%
$11,560,000
7%
$10,735,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$8,710,000
Current use
RESTAURANT
$17,970,000
Change: +106% · Conversion: Difficult
AUTO REPAIR, GARAGE
$13,665,000
Change: +57% · Conversion: Easy
RETAIL STORES
$12,600,000
Change: +45% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$12,295,000
Change: +41% · Conversion: Difficult
OFFICE BUILDING
$11,730,000
Change: +35% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,730,000
Change: +35% · Conversion: Difficult
COMMERCIAL (GENERAL)
$10,200,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$11.37M
Range $10.23M – $12.51M · ±10% · vs last sale $15.00M (Jan 15 2026)
Last sale anchor
$15.00M
Jan 15 2026
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
$148 / 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
$149,425
Tax year 2024
Assessed value
$7,835,600
Assessed 2024
Previous assessed
$7,835,600
+0.0% YoY
Effective rate
1.91%
On assessed value
Assessed land
$2,251,700
Assessed improvement
$5,583,900
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
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Total area
76,784 SF
Lot
7.5 ac (326,700 SF)
APN
MANS M:044 B:708
UPID
US38-0749984
Jurisdiction
MANSFIELD
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
INDUSTRIAL (GENERAL) Current
Est. value
$8.7M
RESTAURANT
Est. value
$18.0M
AUTO REPAIR, GARAGE
Est. value
$13.7M
RETAIL STORES
Est. value
$12.6M
APARTMENT HOUSE (5+ UNITS)
Est. value
$12.3M
OFFICE BUILDING
Est. value
$11.7M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.7M
COMMERCIAL (GENERAL)
Est. value
$10.2M
INDUSTRIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
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
1980
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Lot
7.5 ac
Current owner
From public records · entity-resolved
Gki II Boston LLC
Entity
Mailing address
401 EDGEWATER PL STE #265, WAKEFIELD, MA 01880-6241
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 15, 2026
$15,000,000
Gki II Boston LLC
Nbpii Middlesex LLC
Deed
$1 · Bnp Paribas
Jun 13, 2022
—
Nbpiii Middlesex LLC
—
Deed
related
$142,500,000 · Wells Fargo Bank NA
Sep 13, 2021
—
Nbp 3 Middlesex LLC
—
Deed
related
$95,000,000 · Metlife Real Estate Lending LLC
Jun 17, 2021
—
Nbp 2 Middlesex LLC
—
Deed
related
$90,000,000 · Key Bank NA
Dec 24, 2020
$8,250,000
Nbpiii Middlesex LLC
Ne Ventures 2 LLC
Quit Claim Arm's Length For Ne States
$5,855,000 · Cambridge Savings Bank
Jul 26, 2017
—
N E Ventgures 2 LLC
—
Deed
related
$2,500,000 · Marylu Nadeau
Apr 26, 2011
$3,000,000
Ne Ventures 2 LLC
Dry Creek Corp
Grant Deed
—
May 25, 1993
$3,900,000
Dry Creek Corp
Mansfield Commerce RT
Grant Deed
—
Sep 19, 1989
$4,064,287
Mansfield Commerce RT
Wrc Properties INC
Grant Deed
—
—
—
N E Ventgures 2 LLC
—
Deed Of Trust
related
$2,500,000 · Marylu Nadeau
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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