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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Investment properties
305-307 Nn Ave, Wakefield, MA 01880
Individually Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-0609881
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1880
Construction
FRAME
Total area
2,779 SF
Lot
0.09 ac (3,820 SF)
Zoning code
B
APN
WAKE M:000012 B:0325 P:00034B
UPID
US38-0609881
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$705k
Comparable Approach
Comparable
$340k
Blend (final)
Blend
$550k
Owner & transaction history
Giuseppe Milano · 9 yrs held
Giuseppe Milano
since 2016
5 recorded transactions
Zoning & alternative use
B · Wakefield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$780,000
+8.9%
Neighborhood: shopping center
$770,000
+7.2%
Retail stores
$750,000
+4.3%
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 Wakefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wakefield 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%
$765,000
6.5%
$705,000
7%
$655,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$720,000
Current use
AUTO REPAIR, GARAGE
$780,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$770,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$750,000
Change: +4% · Conversion: Easy
OFFICE BUILDING
$610,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$550k
Range $495k – $605k · ±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
$198 / 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
Assessed value
$674,400
Assessed 2024
Previous assessed
$574,900
+17.3% YoY
Assessed land
$255,200
Assessed improvement
$419,200
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1880
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
3
Rooms
6
Bathrooms
3
Total area
2,779 SF
Lot
0.09 ac (3,820 SF)
Zoning code
B
APN
WAKE M:000012 B:0325 P:00034B
UPID
US38-0609881
Jurisdiction
WAKEFIELD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Wakefield, MA
Zoning B · permitted uses
B · Wakefield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wakefield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$720,000
AUTO REPAIR, GARAGE
Est. value
$780,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$770,000
RETAIL STORES
Est. value
$750,000
OFFICE BUILDING
Est. value
$610,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
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
1880
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
3
Rooms
6
Bathrooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Giuseppe Milano
Individual
Mailing address
305 NN AVE, WAKEFIELD, MA 01880-2316
Ownership since
2016
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
Dec 19, 2016
—
Giuseppe Milano
305 North Ave LLC
Quit Claim Deed
related
$310,000 · E Cambridge Svgs Bk
Oct 14, 2004
—
305 North Ave LLC
—
Grant Deed
related
$320,000 · Banknorth NA
Oct 14, 2004
$1
305 North Ave LLC
Milano,giuseppe
Grant Deed
related
—
May 18, 1994
—
Giuseppe Milano
—
Deed Of Trust
related
$45,000 · Zuckerman Family Nomi
May 9, 1988
$210,000
Giuseppe Milano
Warmington,thomas
Grant Deed
$150,000 · First Colonial Bk Svg
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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