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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Retail properties & Spaces
298 Main St Wilmington, MA 01887-2342
Individually Owned
23-yr Hold
Free & Clear
Property ID
US38-1559496
Property profile
Verified
Property type
Retail properties & Spaces
Use group
DEPARTMENT STORE
Year built
2010
Construction
FRAME
Total area
2,940 SF
Lot
0.46 ac (20,038 SF)
APN
WILM M:0043 L:0000 P:0009
UPID
US38-1559496
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
-
La Moon Thai Spa Wilmington Alternative Medicine Practice Spa & Massage Center
-
Salon Essence Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$650k
Comparable Approach
Comparable
$404k
Blend (final)
Blend
$650k
Owner & transaction history
298 Main St. RT · 23 yrs held
298 Main St. RT
since 2003
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$825,000
+4.4%
Neighborhood: shopping center
$815,000
+2.8%
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$705,000
6.5%
$650,000
7%
$605,000
Alternative Use
Use
Estimation
RETAIL STORES
$795,000
Current use
AUTO REPAIR, GARAGE
$825,000
Change: +4% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$815,000
Change: +3% · Conversion: Moderate
COMMERCIAL (GENERAL)
$760,000
Change: -4% · Conversion: Easy
OFFICE BUILDING
$645,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$650k
Range $585k – $715k · ±10%
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
$221 / 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
$18,977
Tax year 2024
Assessed value
$723,500
Assessed 2024
Previous assessed
$658,600
+9.9% YoY
Effective rate
2.62%
On assessed value
Assessed land
$346,400
Assessed improvement
$377,100
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
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
Retail properties & Spaces
Use group
DEPARTMENT STORE
Status
Off-Market
Year built
2010
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
2,940 SF
Lot
0.46 ac (20,038 SF)
APN
WILM M:0043 L:0000 P:0009
UPID
US38-1559496
Jurisdiction
WILMINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$795,000
AUTO REPAIR, GARAGE
Est. value
$825,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$815,000
COMMERCIAL (GENERAL)
Est. value
$760,000
OFFICE BUILDING
Est. value
$645,000
RETAIL STORES Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2010
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
0.46 ac
Current owner
From public records · entity-resolved
298 Main St. RT
Individual
Free & Clear · 23 yrs held
Mailing address
20 MIDDLESEX AVE, WILMINGTON, MA 01887-2714
Ownership since
2003
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
Feb 5, 2010
—
298 Main Street RT
—
Deed Of Trust
related
$300,000 · Stoneham Savings Bank
Jan 17, 2003
$265,000
298 Main St. RT
Tutela,domenic V
Grant Deed
—
Mar 31, 1993
$140,000
Domenic V Tutela
Progressive Cons FCU
Grant Deed
—
Feb 10, 1993
$161,000
Progressive Consum FCU
Monson,john A
Grant Deed
related
—
Sep 26, 1988
$350,000
John A Monson
Branscombe,robert E
Grant Deed
$280,000 · Progressive Cnsmr FCU
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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