Property profile

40 New Salem St Wakefield, MA 01880

OFF-MARKET
Industrial properties
Property ID
US38-0853591
52,022 SF 3.54 ac lot Built 1920
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Industrial properties
Use group INDUSTRIAL (GENERAL)
Year built 1920
Construction FRAME
Total area 52,022 SF
Lot 3.54 ac (154,202 SF)
Zoning code I
APN WAKE M:000017 B:0259 P:000046
UPID US38-0853591

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
  • Production Facility
  • (Bike/Boat/Book/etc) Store Arcade & Gaming Center

Location

40 New Salem St Wakefield, MA 01880-1979
Wakefield metro Census 335302 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.56M
Blend (final) Blend
$3.96M

Owner & transaction history

since 2020
7 recorded transactions
2020
Price N/A
2018
Price N/A
2017
Price N/A
2010
Price N/A
1998
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I · Wakefield, MA
Zoning description

I. Accessory industrial retail. The finished products of an industrial establishment may be sold in the enclosed premises at retail, provided that: (1) The floor area devoted to such retail does not exceed 10% of the tot…

General category INDUSTRIAL

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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