Entity Owned Property summary
AI-generated overview
The property consists of Class A office space in Wakefield, Massachusetts, with a total area of 5,753 square feet. It is located within the Edgewater office campus, an amenity-oriented business park that includes two fitness centers, a community garden, walking trails, outdoor seating, two cafeterias, on-site security, a game room, a conference center, and garage parking. The campus setting is near five ponds and is surrounded by Reedy Meadow, a 1,200-acre conservation marshland, with an internal walking and running path that connects much of the office park to Market Street in nearby Lynnfield, where retail and dining options and a Lahey Health Hub are located.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1987
Construction
STEEL FRAME
Total area
149,500 SF
Lot
4.35 ac (189,486 SF)
Zoning code
I
APN
WAKE M:00036W B:0040 P:00005A
UPID
US38-0440265
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Business To Business Service Financial Consultant
-
Consultant
-
IT Consulting Firm (Bike/Boat/Book/etc) Store
-
Financial Advisor
-
Financial Advisor
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.01M
Comparable Approach
Comparable
$21.14M
Blend (final)
Blend
$23.03M
Owner & transaction history
since 2011
1 recorded transaction
Zoning & alternative use
I · Wakefield, MA
Zoning description
I. Accessory industrial retail. The finished products of an industrial establishment may be sold in the enclosed premises at retail, provided that: (1) The floor area devoted to such retail does not exceed 10% of the tot…
General category
INDUSTRIAL
Top alternative use upside
Apartment house (5+ units)
$34.4M
+5.3%
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
All 5 comparables with addresses
2 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
Analytics Standard · 5 reports
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Summary
1
Valuation conclusion
Included free
Estimated market value
$23.03M
Value range
$20.73M – $25.33M
±10% around blend
Estimated value / SF
$154 / SF
Confidence
High
5 county-verified comps
Property data
100
Market benchmarks
33
Comparable evidence
50
$20.73M
blend $23.03M
$25.33M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
149,500 SF
Lot area
4.35 ac
Year built
1987
Stories
4
APN
WAKE M:00036W B:0040 P:00005A
Zoning
I
Assessed value
$17,779,800
Annual tax
$385,822
3
Income approach: direct capitalization
Partial preview
Income approach indication
$28.01M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$30.34M
@ 6.5% CAP return
$28.01M
@ 7% CAP return
$26.01M
4
Sales comparison
Partial preview
Sales approach indication
$22.63M
Weighted, 5 comps · high confidence
Evidence
5 found · 5 selected
County-verified recorded sales
Comparable
Sale dateSale price$ / SF
10.7 mi away · 186,868 SF
11.1 mi away · 177,776 SF
11.4 mi away · 146,388 SF
11.7 mi away · 120,000 SF
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$23.03M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
County 858 sales
$219
-30%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $154/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Apartment House (5+ Units)
Gross theoretical uplift
+5%
vs current-use indication
Office Building · current use
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
17% off on annual
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Comparable evidence · 5 sales
Market rates by use type
PDF export
Analytics Standard · 5 reports
from $99/month
from $99/month
Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$17.78M
Move the market yield to see immediate price impact.
Value / SF
$119
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$1.12M
$22.40M
$16.00M
$12.45M
$1.24M
$24.89M
$17.78M
$13.83M
$1.37M
$27.38M
$19.56M
$15.21M
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Comparable evidence
Partial preview
Recorded sales nearby
5 found
High confidence · county-verified
Closest comparable
$19.84M
7.9 mi · Feb 2026 · $179/SF
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$385,822
Tax year 2024
Assessed value
$17,779,800
Assessed 2024
Previous assessed
$16,850,000
+5.5% YoY
Effective rate
2.17%
On assessed value
Assessed land
$2,599,000
Assessed improvement
$15,180,800
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
4
Units
1
Rooms
3
Bathrooms
32
Total area
149,500 SF
Lot
4.35 ac (189,486 SF)
Zoning code
I
APN
WAKE M:00036W B:0040 P:00005A
UPID
US38-0440265
Jurisdiction
WAKEFIELD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Wakefield, MAZoning I · permitted uses
I · Wakefield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
I. Accessory industrial retail. The finished products of an industrial establishment may be sold in the enclosed premises at retail, provided that: (1) The floor area devoted to such retail does not exceed 10% of the tot…
General category
INDUSTRIAL
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1987
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
4
Buildings
1
Units
1
Rooms
3
Bathrooms
32
Lot
4.35 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
I
INDUSTRIAL
Jurisdiction
Wakefield, MA
Recorded code
I
Official district
I
Official district profile
What the municipal code says about I
Zoning description
I. Accessory industrial retail. The finished products of an industrial establishment may be sold in the enclosed premises at retail, provided that: (1) The floor area devoted to such retail does not exceed 10% of the tot…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I in Wakefield, MA.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
One complete report on every paid plan · 5 · 30 · 100 reports per month.
Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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