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Property profile & analytics
OFF-MARKET
Estimated value
$755,000
Industrial properties
35 Merchants Dr Walpole, MA 02081-1763
Entity Owned
7-yr Hold
Property ID
US38-2402632
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
5,950 SF
Lot
1.39 ac (60,548 SF)
APN
WALP M:00032 B:00078 L:00000
UPID
US38-2402632
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
-
Riverdale Plumbing Plumbing Service General Contractor
-
Retinue Technology Solutions IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Addictive Autosports LLC Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$975k
Comparable Approach
Comparable
$935k
Blend (final)
Blend
$755k
Owner & transaction history
Aaron Williams LLC · 7 yrs held
Aaron Williams LLC
since 2018
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.0M
+5.4%
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 Walpole submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Walpole 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%
$1,055,000
6.5%
$975,000
7%
$905,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$975,000
Current use
WAREHOUSE, STORAGE
$1,030,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$755k
Range $680k – $831k · ±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
$127 / 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
$10,797
Tax year 2024
Assessed value
$603,200
Assessed 2024
Previous assessed
$593,100
+1.7% YoY
Effective rate
1.79%
On assessed value
Assessed land
$325,400
Assessed improvement
$277,800
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
Off-Market
Year built
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Buildings
1
Stories
1
Units
4
Total area
5,950 SF
Lot
1.39 ac (60,548 SF)
APN
WALP M:00032 B:00078 L:00000
UPID
US38-2402632
Jurisdiction
WALPOLE
Metro division
BOSTON-QUINCY, 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
INDUSTRIAL (GENERAL) Current
Est. value
$975,000
WAREHOUSE, STORAGE
Est. value
$1.0M
INDUSTRIAL (GENERAL) Current
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
1999
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Stories
1
Buildings
1
Units
4
Lot
1.39 ac
Current owner
From public records · entity-resolved
Aaron Williams LLC
Entity
Mailing address
35 MERCHANTS DR, WALPOLE, MA 02081-1763
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 26, 2023
—
Aaron Williams LLC
—
Deed
related
$400,000 · Walpole Cooperative Bank
Sep 19, 2018
$500,000
Aaron Williams LLC
Jmls LLC
Quit Claim Arm's Length For Ne States
$500,000 · Walpole Cooperative Bank
Dec 2, 2010
—
Jmls Realty LLC
—
Deed Of Trust
related
$130,000 · Walpole Coop Bank
Nov 20, 2007
—
Jmls Realty LLC
—
Deed Of Trust
related
$75,000 · Walpole Coop Bank
Jan 26, 2007
—
Jmls LLC
—
Deed Of Trust
related
$375,000 · Walpole Coop Bank
Sep 28, 2004
—
Jmls LLC
—
Deed Of Trust
related
$350,000 · Gary Needham
Oct 31, 2002
—
Jmls LLC
—
Deed Of Trust
related
$300,000 · Gary Needham
Sep 21, 2000
—
Jmls LLC
—
Deed Of Trust
related
$250,000 · Gary Needham
May 12, 1999
—
Jmls LLC
—
Deed Of Trust
related
$200,000 · Dedham Inst For Savings
Jun 30, 1998
$110,000
William H Howdy JR.
Wakefield,david L
Grant Deed
—
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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