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Property profile & analytics
FOR LEASE
Industrial properties
480 Neponset St, Canton, MA 02021
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US38-0460877
For Lease
1 / 2
$1,325,000
480 Neponset St, Canton, MA 02021
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
8,968 SF
Lot
16.8 ac (731,808 SF)
Zoning code
PROSD
APN
CANT M:15 P:39
UPID
US38-0460877
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
-
Minuteman Leafguard Hardware & Home Improvement General Contractor
-
Aeroseal Windows Corporate Office
-
Creative Playthings Building Supply Construction Company
-
Evergreen Tropical Interiors, Inc. | Office Landscape Designers | Interior and Exterior Plant Designer for Offices Landscaping General Contractor
-
Prime Home Delivery, Inc. Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
$1.47M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.33M
Owner & transaction history
480 Neponset LLC · 9 yrs held
480 Neponset LLC
since 2016
7 recorded transactions
Zoning & alternative use
PROSD · Canton, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.5M
+5.2%
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 Canton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Canton 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
by Request
ML approach
$1,230,000
CAP Approach
CAP Return
Estimation
6%
$1,590,000
6.5%
$1,470,000
7%
$1,365,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,470,000
Current use
WAREHOUSE, STORAGE
$1,545,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$1.33M
Range $1.19M – $1.46M · ±10%
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
$148 / 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 2020Property tax & assessments
Tax year 2020
Tax billed
$396,478
Tax year 2020
Assessed value
$25,333,300
Assessed 2024
Previous assessed
$25,333,300
+0.0% YoY
Effective rate
1.57%
On assessed value
Assessed land
$5,599,400
Assessed improvement
$19,733,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
YES
Buildings
9
Stories
1
Total area
8,968 SF
Lot
16.8 ac (731,808 SF)
Zoning code
PROSD
APN
CANT M:15 P:39
UPID
US38-0460877
Jurisdiction
CANTON
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
PROSD · Canton, MA
Zoning PROSD · permitted uses
PROSD · Canton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Canton. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.5M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
1920
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
NONE
Cooling
Yes
Stories
1
Buildings
9
Lot
16.8 ac
Current owner
From public records · entity-resolved
480 Neponset LLC
Entity
Mailing address
1600 PROVIDENCE HWY, WALPOLE, MA 02081-2553
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 22, 2021
—
480 Neponset LLC
—
Deed
related
$16,730,000 · Eastern Bank
Dec 21, 2016
$15,850,000
480 Neponset LLC
Apca Neponset LLC
Quit Claim Deed
$10,290,000 · Middlesex Svgs Bk
Jun 21, 2013
—
Apca Neponset LLC
—
Deed Of Trust
related
$11,203,250 · Thomas A Ricchi
May 20, 2008
$17,000,000
Apca Neponset LLC
D&o Investors Co LP
Grant Deed
$11,800,000 · Thomas A Ricchi
May 20, 2008
—
Apca Neponset LLC
—
Deed Of Trust
related
$11,800,000 · Thomas A Ricchi
Dec 9, 2002
—
D&o Investors Co LP
—
Deed Of Trust
related
$6,200,000 · Citizens Bank Of Ma
Nov 22, 1995
$6,000,000
D&o Investors Co LP
Stivaletta,nicholas JR
Grant Deed
$4,800,000 · Citizens Bank Of Ma
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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