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    Property profile & analytics

    474 Main St Wakefield, MA 01880-3320

    • Manufacturing properties
    • 19,474 SF
    • 0.44 lot acres
    OFF-MARKET
    Value Estimation
    $1,405,000
    Last Sale
    Aug 02, 2024
    $1,400,000
    Location Intelligence
    Property ID
    US38-1727369
    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

    • Mystic Industries Corporation / Manufacturer

    Property Details for 474 Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.44 lot acres
    Property size
    19,474 SF
    Zone code
    B
    Property type
    Manufacturing properties
    APN
    WAKE M:000018 B:0226 P:0006G+
    APU
    WAKEM000018B0226P0006G

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,400,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,380,000
      6.5%
      $1,335,000
      7%
      $1,195,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,225,000
      Geo Method
      $1,505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,375,000
      Retail
      $1,435,000
      Mixed-Use
      $1,555,000
      Hospitality
      $1,570,000
      Educational
      $1,610,000
      Residential Income
      $1,215,000
      Energy
      $1,530,000
      Income-Based Land
      $1,480,000
      Food Service
      $1,395,000

    Location Insight

    • Map
    • Local Demand
    City
    Wakefield
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.0686
    Latitude
    42.5014
    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
    $24,007
    $398,900
    $707,400
    $1,106,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,375,000
      15,600 SF

      4 Railroad Ave

      MANUFACTURING (LIGHT) • 15,600 SF
      4 Railroad Ave, Wakefield, MA 01880-3240
      View Details
    • Value Estimation by Request
      2,360 SF

      427 Water St

      MANUFACTURING (LIGHT) • 2,360 SF
      427 Water St, Wakefield, MA 01880-3516
      View Details
    • Value Estimation by Request
      7,626 SF

      78 Water St

      MANUFACTURING (LIGHT) • 7,626 SF
      78 Water St, Wakefield, MA 01880-3015
      View Details
    • Value Estimation by Request
      18,252 SF

      26 Albion St

      MANUFACTURING (LIGHT) • 18,252 SF
      26 Albion St, Wakefield, MA 01880-2803
      View Details
    • Value Estimation by Request
      15,680 SF

      102 Foundry St

      MANUFACTURING (LIGHT) • 15,680 SF
      102 Foundry St, Wakefield, MA 01880-3204
      View Details
    • Value Estimation
      $345,000
      6,125 SF

      895 Main St

      MANUFACTURING (LIGHT) • 6,125 SF
      895 Main St, Wakefield, MA 01880
      View Details

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    • $272 SF/Yr
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      View Details
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    474 Main St
    Wakefield, MA 01880-3320
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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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