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Property profile & analytics
OFF-MARKET
Estimated value
$3,630,000
Industrial properties
3 Ajootian Way E1, Middleton, MA 01949-2490
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US38-0843623
Property profile
Verified
Property type
Industrial properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Year built
2009
Construction
STEEL FRAME
Total area
18,780 SF
Zoning code
M1
APN
MIDD M:0032 A B:0000 L:9001 E
UPID
US38-0843623
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
-
Super Kitchen Services Inc Hardware & Home Improvement Kitchen & Bath Showroom
-
CrossFit Wicked Gym & Fitness Center
-
CBC West Factory Production Facility
-
Tool Technology Industrial Manufacturer Factory
-
Northeast Regional Ambulance Ambulance Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.18M
CAP Approach
CAP
$3.08M
Comparable Approach
Comparable
$2.62M
Blend (final)
Blend
$3.63M
Owner & transaction history
Vending Property LLC · 4 yrs held
Vending Property LLC
since 2022
Last sale
$3.5M
1 recorded transaction
Zoning & alternative use
M1 · Middleton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.0M
+95.3%
Office building
$4.8M
+57.0%
Auto repair, garage
$4.5M
+46.3%
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
$3,915,000
ML approach
$4,175,000
CAP Approach
CAP Return
Estimation
6%
$3,330,000
6.5%
$3,075,000
7%
$2,855,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,075,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,005,000
Change: +95% · Conversion: Difficult
OFFICE BUILDING
$4,825,000
Change: +57% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,500,000
Change: +46% · Conversion: Easy
RETAIL STORES
$4,175,000
Change: +36% · Conversion: Moderate
COMMERCIAL (GENERAL)
$3,745,000
Change: +22% · Conversion: Difficult
WAREHOUSE, STORAGE
$2,640,000
Change: -14% · Conversion: Easy
Blend value · Realmo final
$3.63M
Range $3.27M – $3.99M · ±10% · vs last sale $3.50M (Jun 27 2022)
Last sale anchor
$3.50M
Jun 27 2022
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
$193 / 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
$25,904
Tax year 2024
Assessed value
$2,197,100
Assessed 2024
Previous assessed
$2,197,100
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed improvement
$2,197,100
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 properties
Use group
CONDOMINIUMS (INDUSTRIAL)
Status
Off-Market
Year built
2009
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
2
Bathrooms
6
Total area
18,780 SF
Zoning code
M1
APN
MIDD M:0032 A B:0000 L:9001 E
UPID
US38-0843623
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
$3.1M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.0M
OFFICE BUILDING
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.5M
RETAIL STORES
Est. value
$4.2M
COMMERCIAL (GENERAL)
Est. value
$3.7M
WAREHOUSE, STORAGE
Est. value
$2.6M
INDUSTRIAL (GENERAL) Current
APARTMENT HOUSE (5+ UNITS)
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
2009
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
1
Bathrooms
6
Current owner
From public records · entity-resolved
Vending Property LLC
Entity
Mailing address
PO BOX 588, CLIFTON PARK, NY 12065-0588
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2022
$3,500,000
Vending Property LLC
Mutual Realty LLC
Condominium Deed
$2,500,000 · Ballston Spa National 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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