Property profile

53 Albion St 55 Wakefield, MA 01880

OFF-MARKET
Investment properties
Property ID
US38-1021461
3,852 SF 0.05 ac lot Built 1900
Entity Owned 1-yr Hold
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1900
Construction FRAME
Total area 3,852 SF
Lot 0.05 ac (2,073 SF)
Zoning code B
APN WAKE M:000012 B:0146 P:000148
UPID US38-1021461

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

53 Albion St, Unit 55 Wakefield, MA 01880-2801
Wakefield metro Census 335100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.01M
CAP Approach CAP
$980k
Comparable Approach Comparable
$940k
Blend (final) Blend
$1.01M

Owner & transaction history

since 2024
Last sale
$1.0M
7 recorded transactions
2024
$1.0M
2008
Price N/A
2007
Price N/A
2000
$222,500
1989
Price N/A
1989
$290,000
1987
Price N/A

Zoning & alternative use

B · Wakefield, MA
Zoning description

b) negotiate in good faith for shared use by third parties; c) allow shared use if an applicant for shared use agrees in writing to pay reasonable rental charges or other consideration and to pay all costs of adapting th…

General category COMMERCIAL
Top alternative use upside
Auto repair, garage $1.1M +8.9%
Neighborhood: shopping center $1.1M +7.2%
Retail stores $1.0M +4.3%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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