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Property profile & analytics
OFF-MARKET
Warehouses
28 Wales St, Millbury, MA 01527-2110
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US38-1727149
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Construction
STEEL FRAME
Total area
21,652 SF
Lot
6.7 ac (291,852 SF)
Zoning code
S4
APN
MILB M:014 B:0000014 L:
UPID
US38-1727149
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
-
Island Pump And Tank LLC Environmental Engineer Environmental Consultant
-
Altec NUECO - Used Equipment Center Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
P & M Legacy LLC · 6 yrs held
P & M Legacy LLC
since 2020
Last sale
$205,000
7 recorded transactions
Zoning & alternative use
S4 · Millbury, 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 Millbury submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Millbury 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$13,720
Tax year 2024
Assessed value
$1,037,000
Assessed 2024
Previous assessed
$1,077,500
-3.8% YoY
Effective rate
1.32%
On assessed value
Assessed land
$331,600
Assessed improvement
$705,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
3
Total area
21,652 SF
Lot
6.7 ac (291,852 SF)
Zoning code
S4
APN
MILB M:014 B:0000014 L:
UPID
US38-1727149
Jurisdiction
MILLBURY
Zoning & alternative use
S4 · Millbury, MA
Zoning S4 · permitted uses
S4 · Millbury, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Millbury. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
3
Lot
6.7 ac
Current owner
From public records · entity-resolved
P & M Legacy LLC
Entity
Mailing address
370 MASSASOIT RD, WORCESTER, MA 01604-3552
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 9, 2021
—
P&m Legacy LLC
—
Deed
related
$150,000 · Webster First Federal Credit Union
Jun 17, 2020
—
P & M Legacy LLC
Myrna J Fantasia
Quit Claim Deed
related
—
Oct 15, 2019
—
Fantasia,myrna J Trust
Myrna J Fantasia
Quit Claim Deed
related
—
Sep 21, 2017
—
Myrna J Fantasia
—
Deed
related
$235,000 · Webster First FCU
Jul 26, 2002
—
Louis M Fantasia
—
Deed Of Trust
related
$590,000 · Webster First FCU
Apr 12, 2000
—
Louis M Fantasia
—
Deed Of Trust
related
$585,196 · Commerce Bank & Trust
Dec 30, 1997
—
Louis M Fantasia
—
Deed Of Trust
related
$540,000 · Commerce Bank & Trust
May 4, 1992
—
Louis M Fantasia
—
Deed Of Trust
related
$614,000 · Mechanics Bank
May 4, 1989
—
Louis Fantasia
—
Deed Of Trust
related
$60,000 · Mechanics Bank
Nov 9, 1988
—
Louis M Fantasia
—
Deed Of Trust
related
$475,000 · Mechanics Bank
Jun 2, 1988
$205,000
Louis M Fantasia
Ball,howard E JR
Grant Deed
$75,000 · 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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