New search
Property profile & analytics
OFF-MARKET
Estimated value
$4,695,000
Investment properties
36 Cres St Wakefield, MA 01880-2464
Individually Owned
4-yr Hold
Free & Clear
Property ID
US38-1014329
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1960
Construction
STEEL FRAME
Total area
25,296 SF
Lot
0.83 ac (36,233 SF)
Zoning code
GR
APN
WAKE M:000017 B:0047 P:000162
UPID
US38-1014329
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
$4.41M
CAP Approach
CAP
$6.42M
Comparable Approach
Comparable
$6.35M
Blend (final)
Blend
$4.70M
Owner & transaction history
H Michael Torlone T · 4 yrs held
H Michael Torlone T
since 2022
Last sale
$4.9M
2 recorded transactions
Zoning & alternative use
GR · Wakefield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$7.3M
+12.4%
Auto repair, garage
$7.1M
+8.9%
Neighborhood: shopping center
$7.0M
+7.2%
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
$4,565,000
ML approach
$4,405,000
CAP Approach
CAP Return
Estimation
6%
$6,955,000
6.5%
$6,420,000
7%
$5,965,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$6,535,000
Current use
RESTAURANT
$7,345,000
Change: +12% · Conversion: Difficult
AUTO REPAIR, GARAGE
$7,120,000
Change: +9% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$7,010,000
Change: +7% · Conversion: Difficult
RETAIL STORES
$6,820,000
Change: +4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$5,830,000
Change: -11% · Conversion: Moderate
OFFICE BUILDING
$5,535,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$4.70M
Range $4.23M – $5.16M · ±10% · vs last sale $4.90M (Jan 21 2022)
Last sale anchor
$4.90M
Jan 21 2022
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
$186 / 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
$4,724,000
Assessed 2024
Previous assessed
$4,466,800
+5.8% YoY
Assessed land
$1,917,300
Assessed improvement
$2,806,700
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
HOT WATER
Buildings
1
Stories
4
Units
23
Rooms
90
Bathrooms
21
Total area
25,296 SF
Lot
0.83 ac (36,233 SF)
Zoning code
GR
APN
WAKE M:000017 B:0047 P:000162
UPID
US38-1014329
Jurisdiction
WAKEFIELD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
GR · Wakefield, MA
Zoning GR · permitted uses
GR · 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
$6.5M
RESTAURANT
Est. value
$7.3M
AUTO REPAIR, GARAGE
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.0M
RETAIL STORES
Est. value
$6.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.5M
COMMERCIAL (GENERAL) Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
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
1960
Construction
STEEL FRAME
Heating
HOT WATER
Stories
4
Buildings
1
Units
23
Rooms
90
Bathrooms
21
Lot
0.83 ac
Current owner
From public records · entity-resolved
H Michael Torlone T
Individual
Free & Clear · 4 yrs held
Mailing address
1 THOMPSON SQ STE #405, CHARLESTOWN, MA 02129-3328
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2022
—
H Michael Torlone T
Royalston RT 3
Quit Claim Deed
related
—
Jan 21, 2022
$4,900,000
36 Crescent LLC
H Michael Torlone T
Quit Claim Arm's Length For Ne States
$4,175,000 · Eastern 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.
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 36 Cres St?
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.
