Property profile

4 Railroad Ave Wakefield, MA 01880

OFF-MARKET
Manufacturing properties
Property ID
US38-0207907
15,600 SF 0.31 ac lot Built 1972
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1972
Construction STEEL FRAME
Total area 15,600 SF
Lot 0.31 ac (13,534 SF)
Zoning code B
APN WAKE M:000010 B:0021 P:0051A+
UPID US38-0207907

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • IT Consulting Firm (Bike/Boat/Book/etc) Store
  • Dental Office
  • Industrial Manufacturer
  • Consultant Business Management Consultant
  • Law Firm

Location

4 Railroad Ave Wakefield, MA 01880-3240
Wakefield metro Census 335301 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.26M
CAP Approach CAP
by Request
Comparable Approach Comparable
$982k
Blend (final) Blend
$1.30M

Owner & transaction history

since 2023
Last sale
$1.5M
2 recorded transactions
2023
$1.5M
2009
$695,000

Zoning & alternative use

B · Wakefield, MA
Zoning description

b) negotiate in good faith for shared use by third parties; c) allow shared use if an applicant for shared use agrees in writing to pay reasonable rental charges or other consideration and to pay all costs of adapting th…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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