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Property profile & analytics
FOR LEASE
Life science properties
301 Ballardvale St Wilmington, MA 01887
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US38-0718163
For Lease
Contact for pricing
301 Ballardvale St, Wilmington, MA 01887
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Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
123,700 SF
Lot
9.43 ac (410,771 SF)
APN
WILM M:00R3 L:0000 P:0026A
UPID
US38-0718163
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
-
Tecomet, Inc Industrial Manufacturer
-
Tri-Logic Inc Federal Government Office
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
Gvii -c Ballardvale Owner · 1 yrs held
Gvii -c Ballardvale Owner
since 2024
Last sale
$46.8M
7 recorded transactions
Zoning & alternative use
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 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
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
$388,419
Tax year 2024
Assessed value
$14,808,200
Assessed 2024
Previous assessed
$13,682,700
+8.2% YoY
Effective rate
2.62%
On assessed value
Assessed land
$2,840,700
Assessed improvement
$11,967,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Bathrooms
2
Total area
123,700 SF
Lot
9.43 ac (410,771 SF)
APN
WILM M:00R3 L:0000 P:0026A
UPID
US38-0718163
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
Building & site characteristics
From public records
Year built
1988
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Bathrooms
2
Lot
9.43 ac
Current owner
From public records · entity-resolved
Gvii -c Ballardvale Owner
Individual
Mailing address
301 BALLARDVALE ST, WILMINGTON, MA 01887-4440
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 26, 2024
$46,750,000
Gvii -c Ballardvale Owner
Wcv -299- 301 Ballardvale
Deed
$37,395,000 · Ma Mutual Life Insurance
Sep 13, 2021
—
Wcv 299-301 Ballardvale
—
Deed
related
$87,582,500 · Us Bank NA
Dec 30, 2020
$47,800,000
Wcv 299-301 Ballardvale
Berkeley Ballardvale LLC
Quit Claim Deed
—
Dec 8, 2015
$22,200,000
Berkeley Ballardvale LLC
Bre East Mixed Asset Ownr
Quit Claim Deed
related
—
Aug 5, 2015
$2,835,266
Bre East Mixed Asset Ownr
General Electric Credit
Quit Claim Deed
—
Oct 2, 2013
$16,000,000
Electric Credit
299-301 Ballardvale Assoc
Foreclosure
related
—
Jun 13, 2006
$8,500,000
299-301 Ballardvale LLC
Ballardvale T 2
Grant Deed
$26,353,400 · General Electric Capital Corp
May 15, 1992
—
Ballardvale Trust Two
—
Deed Of Trust
related
$1,000,000 · Somerset Savings 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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