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Property profile & analytics
FOR LEASE
Office buildings
50 Rundlett Way, Middleton, MA 01949-2500
Entity Owned
~
Est. High Equity
Property ID
US38-0975461
For Lease
1 / 20
$3,500/Mo
50 Rundlett Way, Middleton, MA 01949-2500
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1977
Construction
FRAME
Total area
4,937 SF
Lot
1.85 ac (80,542 SF)
Zoning code
B
APN
MIDD M:0033 B:0000 L:0032 A
UPID
US38-0975461
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
-
Air-Tight Weatherization, LLC General Contractor Renovation Specialist
-
Prescription Turf Landscaping
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.26M
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$2.20M
Owner & transaction history
Mjs Property Group LLC
Mjs Property Group LLC
since 2025
Last sale
$2.5M
7 recorded transactions
Zoning & alternative use
B · Middleton, 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 Middleton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Middleton 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
by Request
CAP Approach
CAP Return
Estimation
6%
$2,445,000
6.5%
$2,260,000
7%
$2,095,000
Blend value · Realmo final
$2.20M
Range $1.98M – $2.42M · ±10% · vs last sale $2.50M (Dec 23 2025)
Last sale anchor
$2.50M
Dec 23 2025
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
$446 / 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
$19,338
Tax year 2024
Assessed value
$1,640,200
Assessed 2024
Previous assessed
$1,640,200
+0.0% YoY
Effective rate
1.18%
On assessed value
Assessed land
$1,396,200
Assessed improvement
$244,000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1977
Construction
FRAME
Heating
HOT WATER
Buildings
1
Stories
2
Units
1
Bathrooms
2
Total area
4,937 SF
Lot
1.85 ac (80,542 SF)
Zoning code
B
APN
MIDD M:0033 B:0000 L:0032 A
UPID
US38-0975461
Jurisdiction
MIDDLETON
Metro division
ESSEX COUNTY, MA METROPOLITAN DIVISION
Zoning & alternative use
B · Middleton, MA
Zoning B · permitted uses
B · Middleton, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Middleton. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1977
Construction
FRAME
Heating
HOT WATER
Stories
2
Buildings
1
Units
1
Bathrooms
2
Lot
1.85 ac
Current owner
From public records · entity-resolved
Mjs Property Group LLC
Entity
Mailing address
50 RUNDLETT WAY, MIDDLETON, MA 01949-2500
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 23, 2025
$2,500,000
Mjs Property Group LLC
50 Rundlett Way LLC
Deed
$1,875,000 · Eastern Bank
Dec 30, 2024
—
50 Rundlett Way LLC
—
Deed
related
$500,000 · North Shore Bank
Feb 18, 2020
—
50 Rundlett Way LLC
—
Deed
related
$420,000 · North Shore Bank
Mar 10, 2015
$1,065,000
50 Rundlett Way LLC
Eddington LLC
Quit Claim Arm's Length For Ne States
$517,500 · Beverly Bank
Apr 2, 2003
—
Nt Eddington
—
Deed Of Trust
related
$1,000,000 · Danvers Savings Bank
Nov 20, 2001
$705,000
Nt Eddington
Pts Ent INC
Grant Deed
$725,000 · Danvers Savings Bank
Sep 10, 1993
—
P T S Enterprises
—
Deed Of Trust
related
$210,000 · Century Bank & Trust Co
Aug 17, 1987
—
Wilbur C Rundlett Tr
—
Deed Of Trust
related
$28,000 · Danvers Savings Bank
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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