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Property profile & analytics
OFF-MARKET
Estimated value
$15,700,000
Showrooms
480 Sprague St, Dedham, MA 02026-3922
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0267701
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1960
Construction
STEEL FRAME
Total area
232,670 SF
Lot
14.8 ac (644,688 SF)
Zoning code
LM
APN
DEDH M:0157 L:0007
UPID
US38-0267701
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
-
Trabajo DEDHAM Corporate Office
-
Nordbloom Co Property Management Company
-
Boston Cap Co Clothing Store Entertainment And Recreation
-
Restoration Hardware Delivery Warehouse Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$15.80M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.19M
Blend (final)
Blend
$15.70M
Owner & transaction history
Np Sprague Street LLC · 5 yrs held
Np Sprague Street LLC
since 2020
Last sale
$15.4M
7 recorded transactions
Zoning & alternative use
LM · Dedham, 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 Dedham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dedham 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
$15,795,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$15.70M
Range $14.13M – $17.27M · ±10% · vs last sale $15.40M (Oct 23 2020)
Last sale anchor
$15.40M
Oct 23 2020
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
$67 / 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
$443,762
Tax year 2024
Assessed value
$17,146,900
Assessed 2024
Previous assessed
$15,203,200
+12.8% YoY
Effective rate
2.59%
On assessed value
Assessed land
$6,169,700
Assessed improvement
$10,977,200
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
3
Bathrooms
4
Total area
232,670 SF
Lot
14.8 ac (644,688 SF)
Zoning code
LM
APN
DEDH M:0157 L:0007
UPID
US38-0267701
Jurisdiction
DEDHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
LM · Dedham, MA
Zoning LM · permitted uses
LM · Dedham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dedham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
3
Bathrooms
4
Lot
14.8 ac
Current owner
From public records · entity-resolved
Np Sprague Street LLC
Entity
Mailing address
2 SEAPORT LN, BOSTON, MA 02210-2001
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 23, 2020
$46,750,000
Np Sprague Street LLC
Eb & Gp3 480 Sprague St LLC
Quit Claim Deed
—
Jan 23, 2020
—
480 Sprague Street LLC
—
Deed
related
$4,700,000 · Customers Bank
Mar 7, 2017
—
Sprague Street Solar 1
—
Deed
related
$3,067,930 · Mascoma Savings Bk Nh
May 18, 2015
$15,400,000
480 Sprague Street LLC
Nip Owner 3 LLC
Quit Claim Arm's Length For Ne States
$11,380,000 · Customers Bank
Oct 14, 2014
—
Nip Owner 3 LLC
Nip Owner LLC
Quit Claim Deed
related
$85,000,000 · Deutsche Bank
Jan 10, 2012
$7,580,814
Nip Owner LLC
National Industrial Portf
Grant Deed
—
Aug 16, 2007
$14,000,000
Natl Industrial Portfol
Equity Industrial Holding
Grant Deed
$315,000,000 · Citigroup Global Markets
Jul 19, 2006
$12,000,000
Equity Industrial Spra
Grossman 480 Spra St L
Deed
$9,999,999 · Anglo Irish Bk Corp
Nov 24, 1999
$9,650,000
Rsi Newbury LLC
Wellington Pl Asoc LLC
Grant Deed
$8,000,000 · Worth Funding INC
Jan 22, 1998
—
Wellington Place Assoc
—
Deed Of Trust
related
$6,000,000 · Fleet National Bank
Nov 25, 1997
$6,000,000
Wellington Place Assoc
Lechmere INC
Grant Deed
—
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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