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    Property profile & analytics

    615 Main St Wilmington, MA 01887-3248

    • Retail space
    • 9,120 SF
    • 0.68 lot acres
    OFF-MARKET
    Value Estimation
    $475,000
    Location Intelligence
    Property ID
    US38-0744668
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Preferred Electrical Corporation / Electrician
    • Woodland Co Inc / Dry Wall Contractor

    Property Details for 615 Main St

    Year built
    1957
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.68 lot acres
    Property size
    9,120 SF
    Property type
    Retail space
    APN
    WILM M:0040 L:0000 P:0002C
    APU
    WILMM0040L0000P0002C

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $445,000

    • CAP approach

      CAP return
      Estimation
      6%
      $570,000
      6.5%
      $505,000
      7%
      $510,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $550,000
      Geo Method
      $580,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $620,000
      Retail
      $515,000
      Mixed-Use
      $540,000
      Hospitality
      $465,000
      Educational
      $490,000
      Residential Income
      $480,000
      Energy
      $510,000
      Income-Based Land
      $620,000
      Food Service
      $450,000

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.1675
    Latitude
    42.5416
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $22,086
    $368,100
    $473,900
    $842,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $325,000
      2,724 SF

      333 Burlington Ave

      RETAIL STORES (PERSONAL SERVICES) • 2,724 SF
      333 Burlington Ave, Wilmington, MA 01887-3250
      View Details
    • Value Estimation
      $300,000
      3,721 SF

      3rd Church St

      RETAIL STORES (PERSONAL SERVICES) • 3,721 SF
      3rd Church St, Wilmington, MA 01887-2701
      View Details
    • Value Estimation
      $285,000
      1,408 SF

      30 Lowell St

      RETAIL STORES (PERSONAL SERVICES) • 1,408 SF
      30 Lowell St, Wilmington, MA 01887-3243
      View Details
    • Value Estimation
      $360,000
      4,189 SF

      428 Main St, Unit 438

      RETAIL STORES (PERSONAL SERVICES) • 4,189 SF
      428 Main St, Wilmington, MA 01887-3631
      View Details
    • Value Estimation
      $2,685,000
      7,363 SF

      378 Middlesex Ave, Unit 380

      RETAIL STORES (PERSONAL SERVICES) • 7,363 SF
      378 Middlesex Ave, Wilmington, MA 01887-2152
      View Details
    • Value Estimation by Request
      3,129 SF

      316 Lowell St

      RETAIL STORES (PERSONAL SERVICES) • 3,129 SF
      316 Lowell St, Wilmington, MA 01887-3024
      View Details

    Similar Nearby for Sale

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      Well-maintained commercial building with modernized systems and ample parking.
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      Four light industrial assets totaling 156,276 square feet.
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    • $1,053,605

      New Construction Two-Unit Property

      New construction two-unit property in Wilmington, Massachusetts, with modern amenities.
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    Similar Nearby for Lease

    • Contact for pricing

      Retail Space at Signalized Intersection

      Retail opportunity in new development with high traffic count.
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    • Contact for pricing
      6,000 SF

      Retail Space Near Target Store

      New retail development near Route 125 and a Target store.
      206 Ballardvale St, Wilmington, MA 01887
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    • $5,000 /Mo
      1,300 SF

      Retail and Office Space Available

      Retail and office space for rent in Wilmington, MA.
      520 Main St, Wilmington, MA 01887
      View Details
    • Contact for pricing
      1,331 SF

      Wilmington Retail Space For Lease

      Prime Main Street Retail Opportunity
      208 Main St, Wilmington, MA 01887
      View Details
    • Contact for pricing

      Single-Story Office/R&D Building For Rent

      Single-story office and R&D building with clean rooms and cafeteria.
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      View Details
    • $12 SF/Yr
      28,000 SF

      Furnished Flex/Office Space Available

      Fully furnished flex/office space with modern amenities and ample parking.
      205 Lowell St, Wilmington, MA 01887
      View Details
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    615 Main St
    Wilmington, MA 01887-3248
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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