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    478 Main St Wakefield, MA 01880-3320

    • Retail space
    • 2,939 SF
    • 0.06 lot acres
    OFF-MARKET
    Value Estimation
    $360,000
    Location Intelligence
    Property ID
    US38-1715813
    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

    • Sweetbay Flowers and Gifts / Funeral Celebrant Service / Gift Basket Store

    Property Details for 478 Main St

    Year built
    1910
    Construction
    FRAME
    Lot size
    0.06 lot acres
    Property size
    2,939 SF
    Zone code
    B
    Property type
    Retail space
    APN
    WAKE M:000018 B:0228 P:00B6H+
    APU
    WAKEM000018B0228P00B6H

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $335,000

    • CAP approach

      CAP return
      Estimation
      6%
      $510,000
      6.5%
      $440,000
      7%
      $475,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $490,000
      Geo Method
      $440,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $460,000
      Retail
      $400,000
      Mixed-Use
      $450,000
      Hospitality
      $385,000
      Educational
      $415,000
      Residential Income
      $465,000
      Energy
      $465,000
      Income-Based Land
      $425,000
      Food Service
      $465,000

    Location Insight

    • Map
    • Local Demand
    City
    Wakefield
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.069
    Latitude
    42.5013
    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
    $8,914
    $182,500
    $228,300
    $410,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,978 SF

      191-193 Albion St

      RETAIL STORES (PERSONAL SERVICES) • 3,978 SF
      191-193 Albion St, Wakefield, MA 01880
      View Details
    • Value Estimation
      $295,000
      1,440 SF

      231-233 Nn Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      231-233 Nn Ave, Wakefield, MA 01880
      View Details
    • Value Estimation
      $330,000
      3,706 SF

      72 Albion St, Unit 78

      RETAIL STORES (PERSONAL SERVICES) • 3,706 SF
      72 Albion St, Wakefield, MA 01880-2803
      View Details
    • Value Estimation
      $370,000
      3,290 SF

      24 Elm St

      RETAIL STORES (PERSONAL SERVICES) • 3,290 SF
      24 Elm St, Wakefield, MA 01880-1531
      View Details
    • Value Estimation
      $320,000
      4,392 SF

      354-356 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,392 SF
      354-356 Main St, Wakefield, MA 01880
      View Details
    • Value Estimation
      $975,000
      3,129 SF

      949 Main St, Unit 955

      RETAIL STORES (PERSONAL SERVICES) • 3,129 SF
      949 Main St, Wakefield, MA 01880-3927
      View Details

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      Prime Wakefield Retail Space

      6,000 SF Retail Space Available
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    478 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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