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Property profile & analytics
OFF-MARKET
Estimated value
$16,675,000
Warehouses
60 Olympia Ave, Woburn, MA 01801-6805
Entity Owned
3-yr Hold
Free & Clear
Property ID
US38-0902595
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
97,600 SF
Lot
8.2 ac (357,192 SF)
Zoning code
O-P
APN
WOBU M:25 B:18 L:01 U:00
UPID
US38-0902595
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
-
M & L Transit Systems, Inc. Travel Agency Tour Operator
-
LaserShip Shipping Company Freight Service
-
Eastern Site Supply Building Supply Industrial Manufacturer
-
A & A Charter Inc Freight Service Logistics Company
-
Ryder Dedicated Transportation Services Freight Service Logistics Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$19.40M
Comparable Approach
Comparable
$11.88M
Blend (final)
Blend
$16.68M
Owner & transaction history
Iv5 60 Olympia Ave LLC · 3 yrs held
Iv5 60 Olympia Ave LLC
since 2023
Last sale
$18.0M
7 recorded transactions
Zoning & alternative use
O-P · Woburn, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$27.5M
+58.4%
Neighborhood: shopping center
$27.0M
+55.9%
Retail stores
$26.3M
+51.7%
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 Woburn submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Woburn 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
$16,105,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$21,010,000
6.5%
$19,395,000
7%
$18,010,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$17,345,000
Current use
AUTO REPAIR, GARAGE
$27,470,000
Change: +58% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$27,040,000
Change: +56% · Conversion: Moderate
RETAIL STORES
$26,310,000
Change: +52% · Conversion: Moderate
APARTMENT HOUSE (5+ UNITS)
$22,490,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$20,600,000
Change: +19% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$18,595,000
Change: +7% · Conversion: Easy
Blend value · Realmo final
$16.68M
Range $15.01M – $18.34M · ±10% · vs last sale $18.00M (Feb 14 2023)
Last sale anchor
$18.00M
Feb 14 2023
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
$171 / 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
$144,528
Tax year 2024
Assessed value
$7,329,000
Assessed 2024
Previous assessed
$6,726,900
+9.0% YoY
Effective rate
1.97%
On assessed value
Assessed land
$2,150,800
Assessed improvement
$5,178,200
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
1
Bathrooms
2
Total area
97,600 SF
Lot
8.2 ac (357,192 SF)
Zoning code
O-P
APN
WOBU M:25 B:18 L:01 U:00
UPID
US38-0902595
Jurisdiction
WOBURN
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
O-P · Woburn, MA
Zoning O-P · permitted uses
O-P · Woburn, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Woburn. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$17.3M
AUTO REPAIR, GARAGE
Est. value
$27.5M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$27.0M
RETAIL STORES
Est. value
$26.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$22.5M
OFFICE BUILDING
Est. value
$20.6M
INDUSTRIAL (GENERAL)
Est. value
$18.6M
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
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
1984
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
1
Bathrooms
2
Lot
8.2 ac
Current owner
From public records · entity-resolved
Iv5 60 Olympia Ave LLC
Entity
Free & Clear · 3 yrs held
Mailing address
60 OLYMPIA AVE, WOBURN, MA 01801-6805
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 6, 2024
—
Iv5 60 Olympia Ave LLC
—
Deed
related
$140,000,000 · Pcred II Lending II L
Feb 15, 2024
—
Iv5 60 Olympia Ave LLC
—
Deed
related
$140,000,000 · Pcred II Lending II L
Feb 14, 2023
$17,999,999
Iv5 60 Olympia Ave LLC
Juniper Dev Group LLC
Quit Claim Arm's Length For Ne States
—
Apr 2, 2020
—
Juniper Dev Group
Olympia Nt
Quit Claim Deed
related
—
Apr 5, 2012
—
Olympia Nt
—
Deed Of Trust
related
$250,000 · Peoples Bank
May 27, 2003
—
Whitten,charles D Tr
—
Deed Of Trust
related
$3,250,000 · Lawrence Savings Bank
Apr 29, 2002
—
Olympia Nt
—
Deed Of Trust
related
$2,750,000 · Lawrence Savings Bank
Dec 3, 1997
—
Olympia Nt
—
Deed Of Trust
related
$1,750,000 · Zuckerman Family Nomi
Jul 28, 1994
—
Olympia Nt
—
Deed Of Trust
related
$2,500,000 · Pioneer Fin Cp Bk
Oct 19, 1987
—
Olympia Nominee Trust
—
Deed Of Trust
related
$5,500,000 · Bank Of New England
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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