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Property profile & analytics
FOR LEASE
Industrial properties
600 Research Dr Wilmington, MA 01887
Individually Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0907948
For Lease
$19,765,000
600 Research Dr, Wilmington, MA 01887
View Listing →
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
98,944 SF
Lot
17.12 ac (745,747 SF)
APN
WILM M:00R3 L:0000 P:0404
UPID
US38-0907948
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
-
World Courier Boston Shipping Company Freight Service
-
Swix Sport USA Inc (Bike/Boat/Book/etc) Store
-
World Courier Inc Logistics Company Freight Service
-
Conformis Production Facility
-
Aj Mailing Co. Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$16.19M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$19.77M
Owner & transaction history
Bgo 600 Research Owner · 5 yrs held
Bgo 600 Research Owner
since 2021
Last sale
$24.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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
$23,410,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,540,000
6.5%
$16,190,000
7%
$15,035,000
Blend value · Realmo final
$19.77M
Range $17.79M – $21.74M · ±10% · vs last sale $24.75M (Mar 22 2021)
Last sale anchor
$24.75M
Mar 22 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
$200 / 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
$270,641
Tax year 2024
Assessed value
$10,318,000
Assessed 2024
Previous assessed
$9,594,200
+7.5% YoY
Effective rate
2.62%
On assessed value
Assessed land
$5,211,300
Assessed improvement
$5,106,700
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
Industrial properties
Use group
INDUSTRIAL (GENERAL)
Status
For Lease
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Units
8
Total area
98,944 SF
Lot
17.12 ac (745,747 SF)
APN
WILM M:00R3 L:0000 P:0404
UPID
US38-0907948
Jurisdiction
WILMINGTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Units
8
Lot
17.12 ac
Current owner
From public records · entity-resolved
Bgo 600 Research Owner
Individual
Mailing address
600 RESEARCH DR, WILMINGTON, MA 01887-4437
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2021
$24,750,000
Bgo 600 Research Owner
600 Research Drive LLC
Quit Claim Arm's Length For Ne States
$90,550,000 · Bank Of America NA
Jun 24, 2019
$14,520,354
600 Research Drive LLC
Wakefield Invs INC
Quit Claim Deed
—
Jul 2, 1997
$875,000
Ready Concre Wakefield
Em Parker Co INC
Grant Deed
$200,000 · Zenon Grzybowski
Aug 8, 1994
—
E M Parker Co INC
—
Deed Of Trust
related
$9,950,000 · Baybank
Jun 1, 1993
$575,000
Em Paker Co INC
500 Rd Assoc INC
Grant Deed
—
Mar 2, 1992
$10,757,385
500 Rd Assoc INC
600 Rd Assoc INC
Grant Deed
—
Apr 8, 1991
$10,757,385
600 Rd Assoc INC
Wilmington Tech RT
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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