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Financial
Distress signals
Property profile

500 Main St Wakefield, MA 01880

FOR LEASE
Banks
Property ID
US38-1356463
2,414 SF 0.55 ac lot Built 2021
Last sale Nov 2019 · $1,500,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 6-yr Hold Held for 6 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A pre-construction corner site located at the intersection of Main St and Richardson St, positioned in the center of town. The site is intended for retail or medical-related uses and is designed to accommodate approximately 1,800 SF with a drive-through, with potential expansion up to approximately 6,000 SF; the layout is described as having an option for about 3,000 SF on each floor. The property configuration supports drive-through service for the stated building sizes and is suitable for…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$34k
Tax billed · 2024
Assessed value$1.57M
Assessed land$1.06M
Assessed improvement$510k
Effective rate2.17%

Value estimate

· Oct 2026
$345k
$311k – $380k
AI approach$345k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$516/SF
County average, outlier-cleaned · 40 recorded sales of this use type
Observed band · Q1–Q3$274 – $809

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
B
District includes those business areas in Wakefield Center and Greenwood, uses allowed are those that serve a community-wide need and enc...
General categoryCOMMERCIAL
JurisdictionWAKEFIELD

Location intelligence

Which uses thrive at this corner?
Best fit: Parking Facility
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Parking Facility11.2
Grocery Store10.8
Food Market10.6

Location

500 Main St Wakefield, MA 01880
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
13 Water, Wakefield, MA 01880-3007 $200,000 Jan 2025 2,566 SF
59-61 Albion, Wakefield, MA 01880 $445,000 Mar 2022 1,568 SF
198 Albion, Wakefield, MA 01880 $725,000 Feb 2022 1,452 SF
949 Main, Wakefield, MA 01880-3927 $970,000 Jan 2022 3,129 SF
72 Albion, Wakefield, MA 01880-2803 $250,000 Jun 2019 3,706 SF
39 Yale, Wakefield, MA 01880-2308 $650,000 Feb 2019 1,887 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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