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Property profile & analytics
OFF-MARKET
Estimated value
$4,225,000
Manufacturing properties
28 Howe St, Ashland, MA 01721-1305
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-1764228
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Total area
35,760 SF
Lot
7.94 ac (345,866 SF)
Zoning code
OT
APN
ASHL M:012.0 B:0072 L:0000.0
UPID
US38-1764228
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
-
Terumo Cardiovascular Systems Medical Supply Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.31M
CAP Approach
CAP
$5.85M
Comparable Approach
Comparable
$5.80M
Blend (final)
Blend
$4.23M
Owner & transaction history
28 Howe Street LLC · 3 yrs held
28 Howe Street LLC
since 2023
Last sale
$4.4M
4 recorded transactions
Zoning & alternative use
OT · Ashland, 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 Ashland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Ashland 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
$3,890,000
ML approach
$4,310,000
CAP Approach
CAP Return
Estimation
6%
$6,340,000
6.5%
$5,850,000
7%
$5,435,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$5,490,000
Current use
Blend value · Realmo final
$4.23M
Range $3.80M – $4.65M · ±10% · vs last sale $4.35M (May 31 2023)
Last sale anchor
$4.35M
May 31 2023
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
$118 / 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
$33,732
Tax year 2024
Assessed value
$2,547,700
Assessed 2024
Previous assessed
$2,547,700
+0.0% YoY
Effective rate
1.32%
On assessed value
Assessed land
$1,122,900
Assessed improvement
$1,424,800
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1972
Heating
NONE
Buildings
2
Total area
35,760 SF
Lot
7.94 ac (345,866 SF)
Zoning code
OT
APN
ASHL M:012.0 B:0072 L:0000.0
UPID
US38-1764228
Jurisdiction
ASHLAND
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
OT · Ashland, MA
Zoning OT · permitted uses
OT · Ashland, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Ashland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$5.5M
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
1972
Heating
NONE
Buildings
2
Lot
7.94 ac
Current owner
From public records · entity-resolved
28 Howe Street LLC
Entity
Free & Clear · 3 yrs held
Mailing address
28 HOWE ST, ASHLAND, MA 01721-1305
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 15, 2023
—
28 Howe Street LLC
—
Deed
related
$5,200,000 · Webster Five Cents Savings Bank
Jul 21, 2023
—
28 Howe Street LLC
—
Deed
related
$4,648,000 · Middlesex Savings Bank
May 31, 2023
$4,350,000
28 Howe Street LLC
Terumo Cardiovascular Sys
Quit Claim Arm's Length For Ne States
—
Jun 2, 1997
$1,200,000
Terumo Medical Corp
Engstrom,william R
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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