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Property profile & analytics
OFF-MARKET
Estimated value
$2,745,000
Automotive properties
271 Main St Wilmington, MA 01887-2321
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-1556959
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2004
Construction
STEEL FRAME
Total area
14,698 SF
Lot
3.48 ac (151,589 SF)
APN
WILM M:0043 L:0000 P:0004
UPID
US38-1556959
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
-
ChargePoint Charging Station Electric Vehicle Charging Station
-
Wilmington Plaza Grocery & Convenience Store Food Market
-
McGovern Hyundai Rt 93 Service Auto Repair Shop
-
McGovern Hyundai Rt 93 Car Dealership
-
McGovern Hyundai Rt 93 Parts Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.37M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.46M
Blend (final)
Blend
$2.75M
Owner & transaction history
Mag Re Hldg-wilmington Ll · 1 yrs held
Mag Re Hldg-wilmington Ll
since 2025
Last sale
$2.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$4.3M
+3.2%
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
$2,410,000
ML approach
$2,365,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$4,135,000
Current use
RESTAURANT
$4,265,000
Change: +3% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,070,000
Change: -2% · Conversion: Difficult
RETAIL STORES
$3,960,000
Change: -4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,800,000
Change: -8% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$3,385,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$2.75M
Range $2.47M – $3.02M · ±10% · vs last sale $2.75M (Feb 3 2025)
Last sale anchor
$2.75M
Feb 3 2025
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
$187 / 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
$57,402
Tax year 2024
Assessed value
$2,188,400
Assessed 2024
Previous assessed
$2,027,200
+8.0% YoY
Effective rate
2.62%
On assessed value
Assessed land
$854,100
Assessed improvement
$1,334,300
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
14,698 SF
Lot
3.48 ac (151,589 SF)
APN
WILM M:0043 L:0000 P:0004
UPID
US38-1556959
Jurisdiction
WILMINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, 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
AUTO REPAIR, GARAGE Current
Est. value
$4.1M
RESTAURANT
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.1M
RETAIL STORES
Est. value
$4.0M
COMMERCIAL (GENERAL)
Est. value
$3.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$3.4M
AUTO REPAIR, GARAGE Current
RESTAURANT
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
2004
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
3.48 ac
Current owner
From public records · entity-resolved
Mag Re Hldg-wilmington Ll
Individual
Mailing address
76 SETON HIGHLANDS, PLYMOUTH, MA 02360-2559
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 3, 2025
$2,750,000
Mag Re Hldg-wilmington Ll
Cm RT
Deed
$8,600,000 · Camden National Bank
Sep 13, 2010
—
Wilmington Main Rlty LP
—
Deed Of Trust
related
$712,500 · Gary Needham
Apr 20, 1999
—
Cm RT
—
Deed Of Trust
related
$1,800,000 · Ford Motor Credit Co
Aug 8, 1996
$2,300,000
Cm RT
Ristuccia RT
Grant Deed
$1,600,000 · Baybank
Aug 8, 1996
—
Cm RT
—
Deed Of Trust
related
$375,000 · Zenon Grzybowski
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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