New search
Property profile & analytics
OFF-MARKET
Estimated value
$15,315,000
Warehouses
55 Messina Dr Braintree, MA 02184-6783
Entity Owned
5-yr Hold
Free & Clear
Property ID
US38-1378901
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1960
Construction
STEEL FRAME
Total area
61,389 SF
Lot
3 ac (130,680 SF)
Zoning code
IND
APN
BRAI M:1059 B:0 L:5E
UPID
US38-1378901
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
-
Citra Laboratories Inc Laboratory Store
-
Zimmer Biomet Corporate Office
-
Citra Labs Laboratory
-
Encyte Systems Medical Supply Store
-
Parsons Corporation Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$12.97M
CAP Approach
CAP
$12.20M
Comparable Approach
Comparable
$16.41M
Blend (final)
Blend
$15.32M
Owner & transaction history
Cpreif 55 Messina LLC · 5 yrs held
Cpreif 55 Messina LLC
since 2021
Last sale
$17.5M
7 recorded transactions
Zoning & alternative use
IND · Braintree, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$19.8M
+86.3%
Office building
$18.0M
+69.7%
Retail stores
$18.0M
+69.4%
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 Braintree submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Braintree 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
$12,970,000
CAP Approach
CAP Return
Estimation
6%
$13,215,000
6.5%
$12,200,000
7%
$11,325,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,610,000
Current use
AUTO REPAIR, GARAGE
$19,770,000
Change: +86% · Conversion: Easy
OFFICE BUILDING
$18,010,000
Change: +70% · Conversion: Difficult
RETAIL STORES
$17,975,000
Change: +69% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$17,635,000
Change: +66% · Conversion: Difficult
COMMERCIAL (GENERAL)
$15,710,000
Change: +48% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$10,065,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$15.32M
Range $13.78M – $16.85M · ±10% · vs last sale $17.50M (Apr 23 2021)
Last sale anchor
$17.50M
Apr 23 2021
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
$249 / 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
$180,796
Tax year 2024
Assessed value
$8,928,200
Assessed 2024
Previous assessed
$8,928,200
+0.0% YoY
Effective rate
2.02%
On assessed value
Assessed land
$1,404,800
Assessed improvement
$7,523,400
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
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
4
Bathrooms
9
Total area
61,389 SF
Lot
3 ac (130,680 SF)
Zoning code
IND
APN
BRAI M:1059 B:0 L:5E
UPID
US38-1378901
Jurisdiction
BRAINTREE
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
IND · Braintree, MA
Zoning IND · permitted uses
IND · Braintree, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Braintree. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$10.6M
AUTO REPAIR, GARAGE
Est. value
$19.8M
OFFICE BUILDING
Est. value
$18.0M
RETAIL STORES
Est. value
$18.0M
APARTMENT HOUSE (5+ UNITS)
Est. value
$17.6M
COMMERCIAL (GENERAL)
Est. value
$15.7M
INDUSTRIAL (GENERAL)
Est. value
$10.1M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
INDUSTRIAL (GENERAL)
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
1960
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
4
Bathrooms
9
Lot
3 ac
Current owner
From public records · entity-resolved
Cpreif 55 Messina LLC
Entity
Free & Clear · 5 yrs held
Mailing address
230 PARK AVE FL, NEW YORK, NY 10169-0005
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2021
$17,500,000
Cpreif 55 Messina LLC
Foxrock Messina Rlty LLC
Quit Claim Arm's Length For Ne States
—
Aug 9, 2018
—
Foxrock Messina Realty
—
Deed
related
$7,200,000 · Rockland Tr
Aug 31, 2007
$3,700,000
Foxrock Messina Rlty LLC
Dlog Holdings INC
Grant Deed
related
$2,960,000 · South Shore Bank
Jan 21, 2005
—
Dlog Hldgs INC
—
Deed Of Trust
related
$275,000 · Frank P Giglio
May 28, 2004
—
Dlog Holdings INC
—
Deed Of Trust
related
$100,000 · Randolph Savings Bank
Apr 19, 2001
—
Olog Hldngs INC
—
Deed Of Trust
related
$1,620,000 · Randolph Savings Bank
Mar 22, 2000
—
Dlog Holdings INC
—
Deed Of Trust
related
$635,000 · Randolph Savings Bank
Mar 8, 1996
—
Dlog Holdings INC
—
Deed Of Trust
related
$596,000 · South Shore Econo Dev
Aug 30, 1994
—
Bldg Holdings INC
—
Deed Of Trust
related
$576,497 · Rockland Trust Co
Aug 30, 1994
$1,150,000
Bldg Holdings INC
Norfolk Holdings Corp
Grant Deed
related
$720,000 · Rockland Trust Co
Feb 17, 1993
$1,100,000
Norfolk Hldgs Corp
Cook Stephen D Est
Grant Deed
related
—
Jul 13, 1989
—
Stephen D Cook
—
Deed Of Trust
related
$500,000 · Boston Trade Bank
Nov 4, 1987
—
Cook,stephen D Tr
—
Deed Of Trust
related
$200,000 · Us Trust Norfolk
Mar 11, 1987
—
R&s Realty Trust
—
Deed Of Trust
related
$350,000 · Us Trust Norfolk
—
—
Foxrock Messina Realty
—
Deed Of Trust
related
$7,200,000 · Rockland Tr
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 55 Messina Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
