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    Property profile & analytics

    279 Main St Wilmington, MA 01887-2321

    • Turn key restaurants
    • 2,356 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US38-0764739
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Simard's Super Roast Beef / Steak House / Fast Food Restaurant

    Property Details for 279 Main St

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.47 lot acres
    Property size
    2,356 SF
    Property type
    Turn key restaurants
    APN
    WILM M:0043 L:0000 P:0003
    APU
    WILMM0043L0000P0003

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $390,000
      6.5%
      $385,000
      7%
      $455,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $390,000
      Geo Method
      $425,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $340,000
      Retail
      $335,000
      Mixed-Use
      $345,000
      Hospitality
      $420,000
      Educational
      $345,000
      Residential Income
      $360,000
      Energy
      $330,000
      Income-Based Land
      $370,000
      Food Service
      $415,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1799
    Latitude
    42.5534
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $13,695
    $346,800
    $175,300
    $522,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,612 SF

      195 Main St

      RESTAURANT • 3,612 SF
      195 Main St, Wilmington, MA 01887-2020
      View Details
    • Value Estimation
      $1,500,000
      9,544 SF

      363 Middlesex Ave

      RESTAURANT • 9,544 SF
      363 Middlesex Ave, Wilmington, MA 01887-2133
      View Details
    • Value Estimation by Request
      5,636 SF

      300 Lowell St

      RESTAURANT • 5,636 SF
      300 Lowell St, Wilmington, MA 01887-3023
      View Details
    • Value Estimation by Request
      1,890 SF

      321 Main St

      RESTAURANT • 1,890 SF
      321 Main St, Wilmington, MA 01887-2716
      View Details
    • Value Estimation by Request
      10,016 SF

      144 Lowell St

      RESTAURANT • 10,016 SF
      144 Lowell St, Wilmington, MA 01887-2947
      View Details
    • Value Estimation
      $365,000
      1,622 SF

      325 Main St

      RESTAURANT • 1,622 SF
      325 Main St, Wilmington, MA 01887-2716
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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    Similar Nearby for Lease

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      Retail opportunity in new development with high traffic count.
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      6,000 SF

      Retail Space Near Target Store

      New retail development near Route 125 and a Target store.
      206 Ballardvale St, Wilmington, MA 01887
      View Details
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      Wilmington Retail Space For Lease

      Prime Main Street Retail Opportunity
      208 Main St, Wilmington, MA 01887
      View Details
    • $5,000 /Mo
      1,300 SF

      Retail and Office Space Available

      Retail and office space for rent in Wilmington, MA.
      520 Main St, Wilmington, MA 01887
      View Details
    • Contact for pricing

      Single-Story Office/R&D Building For Rent

      Single-story office and R&D building with clean rooms and cafeteria.
      100-110 Fordham Rd, Wilmington, MA 01887
      View Details
    • $12 SF/Yr
      28,000 SF

      Furnished Flex/Office Space Available

      Fully furnished flex/office space with modern amenities and ample parking.
      205 Lowell St, Wilmington, MA 01887
      View Details

    Property Visit Statistics

    • Visits by month
      3.0k
    • Visitors by month
      5.3k
    • Avg Time on site
      22 min
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    279 Main St
    Wilmington, MA 01887-2321
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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