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Property profile & analytics
OFF-MARKET
Estimated value
$2,965,000
Retail space
401 Main St 411 Wakefield, MA 01880-3017
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-1692685
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1900
Construction
STEEL FRAME
Total area
18,488 SF
Lot
0.28 ac (12,358 SF)
Zoning code
B
APN
WAKE M:000012 B:0069 P:0175A+
UPID
US38-1692685
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
-
Nails & Spa ARIA Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.08M
CAP Approach
CAP
$4.09M
Comparable Approach
Comparable
$3.82M
Blend (final)
Blend
$2.97M
Owner & transaction history
401 Main Street LLC · 3 yrs held
401 Main Street LLC
since 2022
Last sale
$2.9M
4 recorded transactions
Zoning & alternative use
B · Wakefield, 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 Wakefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wakefield 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
$3,080,000
ML approach
$3,080,000
CAP Approach
CAP Return
Estimation
6%
$4,430,000
6.5%
$4,090,000
7%
$3,795,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$4,775,000
Change: -4% · Conversion: Easy
APARTMENT HOUSE (5+ UNITS)
$4,260,000
Change: -15% · Conversion: Difficult
OFFICE BUILDING
$4,045,000
Change: -19% · Conversion: Easy
Blend value · Realmo final
$2.97M
Range $2.67M – $3.26M · ±10% · vs last sale $2.85M (Oct 31 2022)
Last sale anchor
$2.85M
Oct 31 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
$160 / 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
$58,180
Tax year 2024
Assessed value
$2,681,100
Assessed 2024
Previous assessed
$2,554,300
+5.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$335,100
Assessed improvement
$2,346,000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1900
Construction
STEEL FRAME
Heating
STEAM
Buildings
1
Stories
2
Units
10
Rooms
3
Bathrooms
12
Total area
18,488 SF
Lot
0.28 ac (12,358 SF)
Zoning code
B
APN
WAKE M:000012 B:0069 P:0175A+
UPID
US38-1692685
Jurisdiction
WAKEFIELD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Wakefield, MA
Zoning B · permitted uses
B · Wakefield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wakefield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$4.8M
APARTMENT HOUSE (5+ UNITS)
Est. value
$4.3M
OFFICE BUILDING
Est. value
$4.0M
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1900
Construction
STEEL FRAME
Heating
STEAM
Stories
2
Buildings
1
Units
10
Rooms
3
Bathrooms
12
Lot
0.28 ac
Current owner
From public records · entity-resolved
401 Main Street LLC
Entity
Free & Clear · 3 yrs held
Mailing address
51 MAIN ST, STONEHAM, MA 02180-3371
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 31, 2022
$2,850,000
401 Main Street LLC
Zarba RT
Quit Claim Arm's Length For Ne States
—
Mar 17, 1994
—
Zarba RT
—
Deed Of Trust
related
$370,262 · Metropolitan Bk & Tr
Mar 2, 1990
—
Zarba RT
—
Deed Of Trust
related
$425,000 · Metropolitan Bk & Tr
May 12, 1988
—
Zarba RT
—
Deed Of Trust
related
$250,000 · Metropolitan Bk & Tr
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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