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Property profile & analytics
OFF-MARKET
Estimated value
$2,060,000
Manufacturing properties
23 Chestnut St, North Attleboro, MA 02760
Entity Owned
21-yr Hold
~
Est. High Equity
Property ID
US38-1783362
Property summary
AI-generated overview
This exceptional 28,467-square-foot industrial building, located at 23 Chestnut Street in North Attleborough, Massachusetts, presents a compelling owner-user opportunity. Situated in Bristol County, zip code 02760, this single-story structure boasts a versatile design suitable for distribution, flex, or warehouse operations. The property is zoned IC30, ensuring flexibility for a variety of industrial uses. The building features seven loading docks, providing efficient and convenient access for shipping and receiving. Ceiling heights range from 10 to 19 feet, offering ample vertical space for storage and operations. This prime location offers excellent access to major transportation routes, making it an ideal choice for businesses requiring seamless logistics. The property is available for sale or lease, providing options to suit various business needs and financial strategies. With its substantial square footage, strategic location, and functional design, this industrial building represents a significant opportunity for growth and expansion. Serious inquiries are encouraged to explore this exceptional property further.
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1948
Construction
STEEL FRAME
Total area
28,467 SF
Lot
1.52 ac (66,211 SF)
Zoning code
IC3
APN
NATT M:0004 B:0055 L:0000
UPID
US38-1783362
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.36M
Blend (final)
Blend
$2.06M
Owner & transaction history
Leman Boys Rlty LLC · 21 yrs held
Leman Boys Rlty LLC
since 2005
3 recorded transactions
Zoning & alternative use
IC3 · North Attleboro, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Attleboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North Attleboro 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,230,000
Current use
Blend value · Realmo final
$2.06M
Range $1.85M – $2.27M · ±10%
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
$72 / 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
$20,348
Tax year 2024
Assessed value
$1,311,100
Assessed 2024
Previous assessed
$1,311,100
+0.0% YoY
Effective rate
1.55%
On assessed value
Assessed land
$448,400
Assessed improvement
$862,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1948
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
3
Bathrooms
1
Total area
28,467 SF
Lot
1.52 ac (66,211 SF)
Zoning code
IC3
APN
NATT M:0004 B:0055 L:0000
UPID
US38-1783362
Jurisdiction
NORTH ATTLEBORO
Zoning & alternative use
IC3 · North Attleboro, MA
Zoning IC3 · permitted uses
IC3 · North Attleboro, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
North Attleboro. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
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
1948
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
3
Bathrooms
1
Lot
1.52 ac
Current owner
From public records · entity-resolved
Leman Boys Rlty LLC
Entity
Mailing address
1 HOWLAND AVE, SOUTH DARTMOUTH, MA 02748-2213
Ownership since
2005
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2005
$955,000
Leman Boys Rlty LLC
Jodaza LLC
Grant Deed
$811,750 · Fleet National Bank
Mar 11, 1997
—
Gerald A Dovner
—
Deed Of Trust
related
$593,000 · Bankboston Development Co LLC
Dec 13, 1996
$7,300
Jodaza RT
Wh Riley & Son INC
Grant Deed
—
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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