New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,555,000
Showrooms
355 Middlesex Ave, Wilmington, MA 01887-2162
Entity Owned
30-yr Hold
~
Est. High Equity
Property ID
US38-1668314
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
78,567 SF
Lot
4.29 ac (186,872 SF)
APN
WILM M:0079 L:0000 P:0031
UPID
US38-1668314
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
-
Channel Building Co Construction Company
-
Massachusetts Registry of Motor Vehicles Department Of Motor Vehicles Driver'S License Office
-
Closet Factory General Contractor Renovation Specialist
-
Planet Fitness Spa & Massage Center
-
Murphy Bed Lifestyles of Boston General Contractor Renovation Specialist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.18M
Blend (final)
Blend
$8.56M
Owner & transaction history
355 Middlesex LP 2nd · 30 yrs held
355 Middlesex LP 2nd
since 1996
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$8.56M
Range $7.70M – $9.41M · ±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
$109 / 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
$166,091
Tax year 2024
Assessed value
$6,332,100
Assessed 2024
Previous assessed
$5,816,800
+8.9% YoY
Effective rate
2.62%
On assessed value
Assessed land
$1,399,000
Assessed improvement
$4,933,100
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
2
Stories
2
Units
7
Total area
78,567 SF
Lot
4.29 ac (186,872 SF)
APN
WILM M:0079 L:0000 P:0031
UPID
US38-1668314
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
1967
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
2
Units
7
Lot
4.29 ac
Current owner
From public records · entity-resolved
355 Middlesex LP 2nd
Entity
Mailing address
355 MIDDLESEX AVE, WILMINGTON, MA 01887-2162
Ownership since
1996
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
Dec 3, 2024
—
355 Middlesex LP II
—
Deed
related
$1,235,000 · Lowell Five Cents Savings Bank
Jun 30, 2021
—
355 Middlesex LP 2
—
Deed
related
$8,475,000 · Lowell Five Cents Savings Bank
Dec 16, 2016
—
355 Middlesex LP
—
Deed
related
$6,412,500 · Lowell Five Cents Savings Bank
Jan 29, 2009
—
355 Middlesex LP
—
Deed Of Trust
related
$600,000 · Sovereign Bank
Dec 13, 2001
—
355 Middlesex LP II
—
Deed Of Trust
related
$2,650,000 · First Essex Savings Bank
Dec 23, 1998
—
355 Middlesex 2 LP
—
Deed Of Trust
related
$100,000 · First Essex Savings Bank
Jul 31, 1997
—
355 Middlesex LP II
—
Deed Of Trust
related
$1,725,000 · First Essex Savings Bank
Apr 1, 1996
$981,450
355 Middlesex LP 2nd
Bayfield Dev Co
Grant Deed
$1,700,000 · Hibernia Savings Bank
Sep 13, 1995
$100,000
Bayfield Dev Co INC
Middlesex 13 RT
Grant Deed
—
Jun 10, 1994
$2,317,553
355 Middlesex Ltd
Middlesex 13 RT
Grant Deed
related
—
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 355 Middlesex Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
