Property profile

340-340A Main St Wakefield, MA 01880

OFF-MARKET
Investment properties
Property ID
US38-1482223
3,719 SF 0.04 ac lot Built 1900
Entity Owned 6-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 3,719 SF
Lot 0.04 ac (1,677 SF)
Zoning code B
APN WAKE M:000017 B:0091 P:00087B
UPID US38-1482223

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

340-340A Main St Wakefield, MA 01880
Wakefield metro Census 335100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$411k
Blend (final) Blend
$675k

Owner & transaction history

since 2019
7 recorded transactions
2019
Price N/A
2019
$800,000
2018
Price N/A
2018
$530,000
2017
Price N/A
2017
$207,500
2012
$1

Zoning & alternative use

B · Wakefield, MA
Zoning description

b) negotiate in good faith for shared use by third parties; c) allow shared use if an applicant for shared use agrees in writing to pay reasonable rental charges or other consideration and to pay all costs of adapting th…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.0M +8.9%
Neighborhood: shopping center $1.0M +7.2%
Retail stores $1.0M +4.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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