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Property profile & analytics
OFF-MARKET
Estimated value
$19,055,000
Manufacturing properties
51 Alder St, Medway, MA 02053-2291
Entity Owned
6-yr Hold
Free & Clear
Property ID
US38-1130832
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2002
Construction
STEEL FRAME
Total area
165,132 SF
Lot
24.49 ac (1,066,915 SF)
Zoning code
IN3
APN
MEDW M:63 B:001
UPID
US38-1130832
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
-
Avail Bus Systems - Medway Electronics & Wireless Store
-
Roadtex Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$13.16M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.89M
Blend (final)
Blend
$19.06M
Owner & transaction history
Icbp 4 Hldgs 43 LLC · 6 yrs held
Icbp 4 Hldgs 43 LLC
since 2020
Last sale
$18.6M
7 recorded transactions
Zoning & alternative use
IN3 · Medway, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$28.5M
+5.4%
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 Medway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Medway 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
$13,155,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$27,075,000
Current use
WAREHOUSE, STORAGE
$28,540,000
Change: +5% · Conversion: Easy
Blend value · Realmo final
$19.06M
Range $17.15M – $20.96M · ±10% · vs last sale $18.60M (May 8 2020)
Last sale anchor
$18.60M
May 8 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
$115 / 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
$281,814
Tax year 2024
Assessed value
$19,570,400
Assessed 2024
Previous assessed
$18,665,200
+4.8% YoY
Effective rate
1.44%
On assessed value
Assessed land
$3,912,300
Assessed improvement
$15,658,100
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Cooling
YES
Buildings
1
Stories
1
Units
4
Bathrooms
2
Total area
165,132 SF
Lot
24.49 ac (1,066,915 SF)
Zoning code
IN3
APN
MEDW M:63 B:001
UPID
US38-1130832
Jurisdiction
MEDWAY
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
IN3 · Medway, MA
Zoning IN3 · permitted uses
IN3 · Medway, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Medway. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$27.1M
WAREHOUSE, STORAGE
Est. value
$28.5M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Construction
STEEL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
1
Units
4
Bathrooms
2
Lot
24.49 ac
Current owner
From public records · entity-resolved
Icbp 4 Hldgs 43 LLC
Entity
Free & Clear · 6 yrs held
Mailing address
PO BOX 209329, AUSTIN, TX 78720-9276
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2022
—
Icbp 4 Holdings 43 LLC
—
Deed
related
—
May 8, 2020
$18,600,000
Icbp 4 Hldgs 43 LLC
51 Alder Street LLC
Quit Claim Deed
—
Sep 2, 2016
$25,100
Alder Street Realty LLC
495 Associates Trust
Quit Claim Deed
—
May 26, 2010
—
51 Alder Street LLC
—
Deed Of Trust
related
$12,800,000 · East Boston Savings Bank
Jun 7, 2007
$8,500,000
51 Alder Street LLC
Medway Brief LLC
Grant Deed
$12,215,000 · National City Bank
Jun 7, 2007
—
51 Alder Street LLC
—
Deed Of Trust
related
$12,215,000 · National City Bank
May 30, 2003
$9,689,664
51 Alder Street LP
51 Alder Street LLC
Grant Deed
related
—
Dec 21, 2001
—
Alder Street LLC
—
Deed Of Trust
related
$13,276,252 · Bank Of America
May 2, 2001
$1,250,000
Terence W Conroy
Gurall,bruce A Tr
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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