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Property profile & analytics
OFF-MARKET
Estimated value
$2,445,000
Manufacturing properties
5 William Way, Bellingham, MA 02019-1527
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0367717
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1987
Construction
STEEL FRAME
Total area
43,400 SF
Lot
4.83 ac (210,395 SF)
Zoning code
IND
APN
BELL M:0048 B:0007 L:0000
UPID
US38-0367717
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.05M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.64M
Blend (final)
Blend
$2.45M
Owner & transaction history
Jonas-tess Realty LLC · 5 yrs held
Jonas-tess Realty LLC
since 2021
Last sale
$2.3M
7 recorded transactions
Zoning & alternative use
IND · Bellingham, 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 Bellingham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Bellingham 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
$3,035,000
ML approach
$3,050,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.45M
Range $2.20M – $2.69M · ±10% · vs last sale $2.25M (Jun 3 2021)
Last sale anchor
$2.25M
Jun 3 2021
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
$56 / 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
$52,491
Tax year 2024
Assessed value
$2,834,300
Assessed 2024
Previous assessed
$2,834,300
+0.0% YoY
Effective rate
1.85%
On assessed value
Assessed land
$425,100
Assessed improvement
$2,409,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
SPACE
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
43,400 SF
Lot
4.83 ac (210,395 SF)
Zoning code
IND
APN
BELL M:0048 B:0007 L:0000
UPID
US38-0367717
Jurisdiction
BELLINGHAM
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
IND · Bellingham, MA
Zoning IND · permitted uses
IND · Bellingham, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Bellingham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
SPACE
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
4.83 ac
Current owner
From public records · entity-resolved
Jonas-tess Realty LLC
Entity
Mailing address
5 WILLIAM WAY, BELLINGHAM, MA 02019-1527
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 29, 2024
—
Jonas-tess Realty LLC
—
Deed
related
$583,000 · Baycoast Bank
Jul 28, 2022
—
Jonas Tess Realty LLC
—
Deed
related
$2,340,000 · Bay Colony Development Corp
Jun 3, 2021
$2,251,119
Jonas-tess Realty LLC
Consolidated RT
Quit Claim Arm's Length For Ne States
$1,300,000 · Baycoast Bank
Jun 3, 2021
—
Jonas-tess RT
—
Deed
related
$1,040,000 · Baycoast Bank
Jan 10, 2003
—
Consolidated RT
—
Deed Of Trust
related
$618,000 · Bay Colony Dev Corp
Nov 15, 2001
—
Consolidated RT
—
Deed Of Trust
related
$575,500 · Unibank For Savings
May 22, 2000
—
Consolidated RT
—
Deed Of Trust
related
$68,250 · Unibank For Savings
Jun 6, 1996
—
John E Marshall
—
Deed Of Trust
related
$28,600 · Household Finance Corp
Aug 11, 1988
—
Consolidated RT
—
Deed Of Trust
related
$141,813 · Baybank Middlesex
Apr 14, 1988
$128,000
Consolidated RT
Lowther,lawrence
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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