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Property profile & analytics
OFF-MARKET
Estimated value
$2,460,000
Showrooms
40 Mead St, Seekonk, MA 02771-5944
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0901452
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1985
Total area
31,560 SF
Lot
2.49 ac (108,464 SF)
Zoning code
I
APN
SEEK M:0070 B:0000 L:01350
UPID
US38-0901452
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
-
Prowess Fitness & Nutrition Gym & Fitness Center
-
Lift Rite Lift Trucks Inc Big Box & Wholesale Store (Bike/Boat/Book/etc) Store
-
Olympus Indoor Sports Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.71M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.54M
Blend (final)
Blend
$2.46M
Owner & transaction history
Mead Street LLC · 3 yrs held
Mead Street LLC
since 2022
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
I · Seekonk, 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 Seekonk submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Seekonk 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
$2,795,000
ML approach
$2,705,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.46M
Range $2.21M – $2.71M · ±10% · vs last sale $2.10M (Sep 27 2022)
Last sale anchor
$2.10M
Sep 27 2022
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
$78 / 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
$30,086
Tax year 2024
Assessed value
$1,128,500
Assessed 2024
Previous assessed
$1,128,500
+0.0% YoY
Effective rate
2.67%
On assessed value
Assessed land
$347,800
Assessed improvement
$780,700
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1985
Heating
SPACE
Buildings
1
Stories
1
Total area
31,560 SF
Lot
2.49 ac (108,464 SF)
Zoning code
I
APN
SEEK M:0070 B:0000 L:01350
UPID
US38-0901452
Jurisdiction
SEEKONK
Zoning & alternative use
I · Seekonk, MA
Zoning I · permitted uses
I · Seekonk, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Seekonk. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Heating
SPACE
Stories
1
Buildings
1
Lot
2.49 ac
Current owner
From public records · entity-resolved
Mead Street LLC
Entity
Mailing address
PO BOX 569, BARRINGTON, RI 02806-0894
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 27, 2022
$2,100,000
Mead Street LLC
40 Mead St LLC
Quit Claim Arm's Length For Ne States
$2,175,000 · Digital FCU
Jun 3, 2021
—
40 Mead Street LLC
Frederick A Darling Ft
Quit Claim Deed
related
—
Jan 19, 1989
$205,000
Frederick A Darling
Czekanski,peter
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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