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Property profile & analytics
OFF-MARKET
Estimated value
$2,010,000
Manufacturing properties
376 Washington St, Malden, MA 02148-1300
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-1089797
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1981
Construction
STEEL FRAME
Total area
20,838 SF
Lot
0.98 ac (42,876 SF)
Zoning code
I1
APN
MALD M:007 B:061 L:108
UPID
US38-1089797
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
-
Modern Design Living Furniture & Home Goods Home Decor Store
-
Mando Fitness Gym Gym & Fitness Center
-
Boston Modern Orchestra Project Charitable Organization Social Service Agency
-
Containers USA LLC Freight Service Logistics Company
-
Cimetrics Inc. (Bike/Boat/Book/etc) Store Corporate Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.01M
Owner & transaction history
Ronray Real Estate Corp · 3 yrs held
Ronray Real Estate Corp
since 2023
7 recorded transactions
Zoning & alternative use
I1 · Malden, MA
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 Malden submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Malden 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
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$3,200,000
Current use
Blend value · Realmo final
$2.01M
Range $1.81M – $2.21M · ±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
$96 / 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
$35,918
Tax year 2024
Assessed value
$1,973,500
Assessed 2024
Previous assessed
$1,973,500
+0.0% YoY
Effective rate
1.82%
On assessed value
Assessed land
$733,600
Assessed improvement
$1,239,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1981
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
2
Units
11
Bathrooms
12
Total area
20,838 SF
Lot
0.98 ac (42,876 SF)
Zoning code
I1
APN
MALD M:007 B:061 L:108
UPID
US38-1089797
Jurisdiction
MALDEN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Malden, MA
Zoning I1 · permitted uses
I1 · Malden, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Malden. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$3.2M
INDUSTRIAL (GENERAL) Current
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
1981
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
2
Buildings
1
Units
11
Bathrooms
12
Lot
0.98 ac
Current owner
From public records · entity-resolved
Ronray Real Estate Corp
Entity
Mailing address
9 BROADWAY ST, WAKEFIELD, MA 01880-3210
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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
May 24, 2023
—
Ronray Real Estate Corp
—
Deed
related
$4,100,000 · Salem Five Cents Savings Bank
Nov 20, 2019
—
Fb Trust
—
Deed
related
$100,000 · Bankgloucester
Sep 17, 2013
—
Fb RT
—
Deed Of Trust
related
$150,000 · Patriot Community Bank
Apr 12, 2011
—
F B RT
—
Deed Of Trust
related
$1,600,000 · Patriot Community Bank
Dec 17, 2007
—
Fb RT
—
Deed Of Trust
related
$1,575,000 · East Boston Savings Bank
Jan 12, 2006
—
Fb RT
—
Deed Of Trust
related
$6,000,000 · East Boston Savings Bank
May 1, 2003
—
F B RT
—
Deed Of Trust
related
$1,400,000 · Bay State Federal Savings Bank
Nov 28, 2000
—
Rb RT
—
Deed Of Trust
related
$175,000 · Cambridgeport Savings Bank
Dec 16, 1988
—
F B Rlty Tr
—
Deed Of Trust
related
$200,000 · Bank For Savings, The
—
—
Fb Trust
—
Deed Of Trust
related
$100,000 · Bankgloucester
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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