Property profile

28 Torrice Dr Woburn, MA 01801

OFF-MARKET
Warehouses
Property ID
US38-0250647
45,328 SF 2.69 ac lot Built 1986
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 45,328 SF
Lot 2.69 ac (117,176 SF)
Zoning code I-P
APN WOBU M:14 B:07 L:01 U:00
UPID US38-0250647

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Production Facility

Location

28 Torrice Dr Woburn, MA 01801-6220
Woburn metro Census 333601 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.36M
CAP Approach CAP
$9.01M
Comparable Approach Comparable
$8.58M
Blend (final) Blend
$10.51M

Owner & transaction history

since 2021
Last sale
$11.1M
7 recorded transactions
2022
Price N/A
2021
$11.1M
2021
Price N/A
2016
Price N/A
2010
$2.7M
2006
Price N/A
2002
Price N/A

Zoning & alternative use

I-P · Woburn, MA
Zoning description

(I-P), Industrial Park 2 (I-P2), and the Interstate Business (B-1) Zoning District as shown on the City of Woburn zoning map as CWCOD dated December 23, 2009 and as may be amended from time to time. (amended 12/23/2009)…

General category INDUSTRIAL
Top alternative use upside
Restaurant $13.2M +63.4%
Auto repair, garage $12.8M +58.4%
Neighborhood: shopping center $12.6M +55.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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