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Property profile & analytics
OFF-MARKET
Estimated value
$520,000
Industrial land
28 Bixby Ave Middleton, MA 01949-2259
Entity Owned
Absentee Owner
Free & Clear
Property ID
US38-1387183
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Year built
1939
Construction
WOOD FRAME
Total area
3,076 SF
Lot
0.34 ac (14,810 SF)
Zoning code
M1
APN
MIDD M:0033 B:0000 L:0044 B
UPID
US38-1387183
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
$540k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$532k
Blend (final)
Blend
$520k
Owner & transaction history
Middleton Bixby LLC
Middleton Bixby LLC
since 2026
Last sale
$400,000
5 recorded transactions
Zoning & alternative use
M1 · Middleton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$790,000
+57.0%
Auto repair, garage
$735,000
+46.3%
Retail stores
$685,000
+35.8%
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 Middleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleton 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
$515,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$505,000
7%
$465,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$505,000
Current use
OFFICE BUILDING
$790,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$735,000
Change: +46% · Conversion: Easy
RETAIL STORES
$685,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$615,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$435,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$520k
Range $468k – $572k · ±10% · vs last sale $400k (Sep 29 2020)
Last sale anchor
$400k
Sep 29 2020
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
$169 / 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
$5,248
Tax year 2024
Assessed value
$445,100
Assessed 2024
Previous assessed
$445,100
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$445,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Year built
1939
Construction
WOOD FRAME
Heating
YES
Stories
1
Total area
3,076 SF
Lot
0.34 ac (14,810 SF)
Zoning code
M1
APN
MIDD M:0033 B:0000 L:0044 B
UPID
US38-1387183
Jurisdiction
MIDDLETON
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
M1 · Middleton, MA
Zoning M1 · permitted uses
M1 · Middleton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middleton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$505,000
OFFICE BUILDING
Est. value
$790,000
AUTO REPAIR, GARAGE
Est. value
$735,000
RETAIL STORES
Est. value
$685,000
COMMERCIAL (GENERAL)
Est. value
$615,000
WAREHOUSE, STORAGE
Est. value
$435,000
INDUSTRIAL (GENERAL) Current
OFFICE BUILDING
AUTO REPAIR, GARAGE
RETAIL STORES
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
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
1939
Construction
WOOD FRAME
Heating
YES
Stories
1
Lot
0.34 ac
Current owner
From public records · entity-resolved
Middleton Bixby LLC
Entity
Free & Clear · 0 yrs held
Mailing address
30 LOG BRG RD STE #100, MIDDLETON, MA 01949-2285
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 19, 2026
—
Middleton Bixby LLC
Equipment North INC
Quitclaim Deed
related
—
Sep 29, 2020
$400,000
Equipment North INC
Rear Bixby Truck Repair
Quit Claim Arm's Length For Ne States
$669,000 · Newburyport Five Cents Savings Bank
Jun 29, 2007
—
Rear Bixby Truck Repair
—
Deed Of Trust
related
$150,000 · Interbay Funding LLC
Jun 21, 2002
—
Rear Bixby Truck Repai
—
Deed Of Trust
related
$175,000 · Danvers Savings Bank
Aug 4, 1994
$55,000
Rear Bixby Truck Repai
Brown,paul A
Grant Deed
$44,000 · Danvers Savings Bank
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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