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Property profile & analytics
OFF-MARKET
Estimated value
$1,120,000
Warehouses
40 Bowles Rd, Agawam, MA 01001-2923
Entity Owned
2-yr Hold
Free & Clear
Property ID
US38-0928452
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1988
Construction
STEEL FRAME
Total area
15,125 SF
Lot
3.1 ac (135,054 SF)
Zoning code
IA
APN
AGAW M:00G8 B:0001 L:14
UPID
US38-0928452
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
-
BlackHawk Industrial Distribution Center Logistics Company
-
New England Ammonia Safety Inc - Machining Industrial Manufacturer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.14M
CAP Approach
CAP
$1.51M
Comparable Approach
Comparable
$921k
Blend (final)
Blend
$1.12M
Owner & transaction history
A-z Bowles LLC · 2 yrs held
A-z Bowles LLC
since 2023
Last sale
$1.3M
7 recorded transactions
Zoning & alternative use
IA · Agawam, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$1.5M
+99.0%
Office building
$1.4M
+79.4%
Commercial (general)
$1.3M
+71.1%
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 Agawam submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Agawam 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
$1,135,000
CAP Approach
CAP Return
Estimation
6%
$1,635,000
6.5%
$1,510,000
7%
$1,400,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$775,000
Current use
RETAIL STORES
$1,540,000
Change: +99% · Conversion: Moderate
OFFICE BUILDING
$1,385,000
Change: +79% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,325,000
Change: +71% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$850,000
Change: +10% · Conversion: Easy
Blend value · Realmo final
$1.12M
Range $1.01M – $1.23M · ±10% · vs last sale $1.25M (Aug 14 2023)
Last sale anchor
$1.25M
Aug 14 2023
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
$74 / 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
$29,358
Tax year 2024
Assessed value
$1,066,000
Assessed 2024
Previous assessed
$1,066,000
+0.0% YoY
Effective rate
2.75%
On assessed value
Assessed land
$167,200
Assessed improvement
$898,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
5
Total area
15,125 SF
Lot
3.1 ac (135,054 SF)
Zoning code
IA
APN
AGAW M:00G8 B:0001 L:14
UPID
US38-0928452
Jurisdiction
AGAWAM
Zoning & alternative use
IA · Agawam, MA
Zoning IA · permitted uses
IA · Agawam, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Agawam. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$775,000
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
COMMERCIAL (GENERAL)
Est. value
$1.3M
INDUSTRIAL (GENERAL)
Est. value
$850,000
WAREHOUSE, STORAGE Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
5
Lot
3.1 ac
Current owner
From public records · entity-resolved
A-z Bowles LLC
Entity
Free & Clear · 2 yrs held
Mailing address
40 BOWLES RD, AGAWAM, MA 01001-2923
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 25, 2023
—
A-z Bowles LLC
—
Deed
related
$1,350,000 · Peoplesbank (holyoke Ma)
Aug 14, 2023
—
A-z Bowles LLC
Andrew H Mirkin Ret
Quit Claim Deed
related
—
Feb 6, 2023
$1,250,000
40 Bowles Road LLC
Stage Harbor Realty LLC
Quit Claim Arm's Length For Ne States
—
Dec 29, 2016
—
Stage Harbor Realty Ll
—
Deed
related
$688,000 · Td Bank NA
Jun 1, 2012
$950,000
Stage Harbor Realty Ll
Acp Realty LLC
Quit Claim Arm's Length For Ne States
$760,000 · Td Bank NA
May 11, 1988
—
Allen L Chase
—
Deed Of Trust
related
$600,000 · Shawmut First Bk & Tr
Apr 8, 1988
$100,100
Allen L Chase
Westmass Area Dev
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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