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Property profile & analytics
FOR LEASE
Industrial properties
37 Upton Dr Wilmington, MA 01887
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-0587086
For Lease
1 / 10
$9,950,000
37 Upton Dr, Wilmington, MA 01887
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
44,467 SF
Lot
3.99 ac (173,804 SF)
APN
WILM M:00R1 L:0000 P:0018K
UPID
US38-0587086
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
-
XENON Industrial Manufacturer
-
Watson-Marlow Inc. Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.16M
CAP Approach
CAP
$7.28M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.95M
Owner & transaction history
Div 37 Upton LLC · 5 yrs held
Div 37 Upton LLC
since 2021
Last sale
$10.4M
4 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
$9,835,000
ML approach
$9,155,000
CAP Approach
CAP Return
Estimation
6%
$7,885,000
6.5%
$7,275,000
7%
$6,755,000
Blend value · Realmo final
$9.95M
Range $8.96M – $10.95M · ±10% · vs last sale $10.40M (Apr 6 2021)
Last sale anchor
$10.40M
Apr 6 2021
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
$224 / 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
$143,830
Tax year 2024
Assessed value
$5,483,400
Assessed 2024
Previous assessed
$5,066,600
+8.2% YoY
Effective rate
2.62%
On assessed value
Assessed land
$1,032,100
Assessed improvement
$4,451,300
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
For Lease
Year built
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
2
Total area
44,467 SF
Lot
3.99 ac (173,804 SF)
APN
WILM M:00R1 L:0000 P:0018K
UPID
US38-0587086
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
2000
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
2
Lot
3.99 ac
Current owner
From public records · entity-resolved
Div 37 Upton LLC
Entity
Free & Clear · 5 yrs held
Mailing address
37 UPTON DR, WILMINGTON, MA 01887-1018
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 27, 2023
—
Div 37 Upton LLC
—
Deed
related
$26,600,000 · Cambridge Savings Bank
Oct 27, 2021
—
Div 1 Aegean LLC
—
Deed
related
$26,600,000 · Metlife Commercial Mortgage Originator L
Apr 6, 2021
$10,400,000
Div 37 Upton LLC
37 Upton Drive LLC
Quit Claim Arm's Length For Ne States
—
Dec 8, 2010
$1
37 Upton Dr LLC
Pga Realty Co LLC
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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