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    Property profile & analytics

    40 Broad St Medway, MA 02053-1123

    • Industrial land
    • 0.70 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US38-1689178
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial land

    Property Details for 40 Broad St

    Lot size
    0.70 lot acres
    Zone code
    VC-E
    Property type
    Industrial land
    APN
    MEDW M:50 B:004
    APU
    MEDWM50B004

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Medway
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.3977
    Latitude
    42.1446
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,999
    $277,700
    $0.00
    $277,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2.07 Acres

      7 Marc Rd

      INDUSTRIAL - VACANT LAND • 2.07 Acres
      7 Marc Rd, Medway, MA 02053-1700
      View Details
    • Value Estimation by Request
      10.35 Acres

      26 Alder St

      INDUSTRIAL - VACANT LAND • 10.35 Acres
      26 Alder St, Medway, MA 02053-2202
      View Details
    • Value Estimation by Request
      1.11 Acres

      8 Main St

      INDUSTRIAL - VACANT LAND • 1.11 Acres
      8 Main St, Medway, MA 02053
      View Details
    • Value Estimation by Request
      7.70 Acres

      39 Alder St

      INDUSTRIAL - VACANT LAND • 7.70 Acres
      39 Alder St, Medway, MA 02053-2290
      View Details
    • Value Estimation by Request
      2.14 Acres

      5 Marc Rd

      INDUSTRIAL - VACANT LAND • 2.14 Acres
      5 Marc Rd, Medway, MA 02053-1700
      View Details
    • Value Estimation by Request
      3.42 Acres

      9 Marc Rd

      INDUSTRIAL - VACANT LAND • 3.42 Acres
      9 Marc Rd, Medway, MA 02053-1700
      View Details

    Similar Nearby for Sale

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    • $2,475,000

      Medway Office Building For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      15,000 SF

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      Modern warehouse, 1.37 acres, 40 parking spaces.
      4 Industrial Park Rd, Medway, MA 02053
      View Details
    • Contact for pricing
      1,595 SF

      Retail Space on Main Street

      Retail space available on a high-traffic street.
      74 Main St, Medway, MA 02053
      View Details
    • Contact for pricing
      5,850 SF

      Retail Space in Medway Commons

      Grocery-anchored shopping center with retail space for lease.
      67 Main St, Medway, MA 02053
      View Details
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    40 Broad St
    Medway, MA 02053-1123
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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