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Property profile & analytics
OFF-MARKET
Estimated value
$1,125,000
Office buildings
374 Main St Wilmington, MA 01887-3631
Entity Owned
5-yr Hold
Property ID
US38-1329834
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1900
Construction
FRAME
Total area
5,618 SF
Lot
0.55 ac (23,958 SF)
APN
WILM M:0042 L:0000 P:0011
UPID
US38-1329834
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
-
Aztec Sound and Communications IT Consulting Firm Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.13M
Owner & transaction history
Aztec Re Holdings LLC · 5 yrs held
Aztec Re Holdings LLC
since 2021
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.6M
+32.6%
Auto repair, garage
$1.6M
+28.6%
Neighborhood: shopping center
$1.6M
+26.6%
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
$1,055,000
ML approach
$1,145,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,230,000
Current use
RESTAURANT
$1,630,000
Change: +33% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,580,000
Change: +29% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$1,555,000
Change: +27% · Conversion: Difficult
RETAIL STORES
$1,515,000
Change: +23% · Conversion: Moderate
COMMERCIAL (GENERAL)
$1,450,000
Change: +18% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$1,295,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.13M
Range $1.01M – $1.24M · ±10% · vs last sale $1.15M (Jul 22 2021)
Last sale anchor
$1.15M
Jul 22 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
$200 / 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
$28,095
Tax year 2024
Assessed value
$1,071,100
Assessed 2024
Previous assessed
$1,086,200
-1.4% YoY
Effective rate
2.62%
On assessed value
Assessed land
$355,600
Assessed improvement
$715,500
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1900
Construction
FRAME
Heating
HOT WATER
Cooling
YES
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
5,618 SF
Lot
0.55 ac (23,958 SF)
APN
WILM M:0042 L:0000 P:0011
UPID
US38-1329834
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
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.2M
RESTAURANT
Est. value
$1.6M
AUTO REPAIR, GARAGE
Est. value
$1.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$1.6M
RETAIL STORES
Est. value
$1.5M
COMMERCIAL (GENERAL)
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.3M
OFFICE BUILDING Current
RESTAURANT
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
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
1900
Construction
FRAME
Heating
HOT WATER
Cooling
Yes
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
0.55 ac
Current owner
From public records · entity-resolved
Aztec Re Holdings LLC
Entity
Mailing address
374 MAIN ST, WILMINGTON, MA 01887-3631
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 22, 2021
$1,150,000
Aztec Re Holdings LLC
Dello Russo Family Rlty
Quit Claim Arm's Length For Ne States
$920,000 · Align Credit Union
Oct 19, 2007
$1,150,000
Dello Russo Ft Rlty LLP
Cavanaugh,patricia L & William F JR
Grant Deed
$1,000,000 · Brookline Savings Bank
Sep 5, 2007
$1
Patricia L Cavanaugh
374 Main Street RT
Grant Deed
—
Dec 11, 2006
—
Patricia L Cavanaugh
—
Deed Of Trust
related
$28,023 · Key Bank NA
Nov 9, 2006
$1
Patricia L Cavanaugh
374 Main Street RT
Grant Deed
—
Dec 24, 2003
—
Cavanaugh,william F JR Tr
—
Deed Of Trust
related
$520,000 · Citizens Bank Of Ma
Apr 30, 1999
—
374 Main St. RT
—
Deed Of Trust
related
$560,000 · Allegiance Capital Lc
Nov 25, 1997
—
William Cavanaugh JR.
—
Deed Of Trust
related
$525,000 · Misc Other
Sep 15, 1995
—
William F Cavanaugh JR.
—
Deed Of Trust
related
$129,631 · Salem Five Cents Savings Bank
May 19, 1995
—
William Cavanaugh JR.
—
Deed Of Trust
related
$70,000 · Salem Five Cents Savings Bank
Dec 24, 1993
—
William Cavanaugh JR.
—
Deed Of Trust
related
$15,600 · Zwi Kohorn
Dec 24, 1993
$100,000
William Cavanaugh JR.
Cavanaugh,millie Anne
Grant Deed
related
$245,000 · Salem Five Cents Savings 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.
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