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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Warehouses
64 Banner Rd, Berlin, MA 01503-1659
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1079212
Property summary
AI-generated overview
This exceptional industrial warehouse property, located at 64 Banner Road in Berlin, Massachusetts, offers a prime opportunity for businesses seeking versatile space. The property encompasses a total of 30,000 square feet, with 5,730 square feet currently available for lease. Built in 1950, the single-building structure sits on a generous 5.17-acre lot, providing ample room for expansion or outdoor storage. The warehouse features a desirable 18-foot ceiling height, ideal for various industrial uses and efficient storage solutions. Access is convenient with one drive-in door. The property includes nine total parking spaces. The electrical service is 208V, 200A. The zoning designation is LI (Light Industrial), suitable for a range of industrial and manufacturing operations. Located in Worcester County, this property benefits from excellent access to major transportation routes, making it an attractive location for businesses needing efficient logistics. The property is currently tenanted with multiple occupants. This is a rare opportunity to secure warehouse space in a desirable location with ample room for growth. The available space is 5,730 square feet. Contact us today to schedule a viewing.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
30,000 SF
Lot
5.17 ac (225,378 SF)
APN
BERL M:0030 B:0014 L:0000-0
UPID
US38-1079212
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
-
Milano Marble Solutions LLC Factory Production Facility
-
Fresh Lawn Care Landscaping
-
Commodity Connection Take-out & Catering
-
Sanexen Water LLC – Altra Solutions General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$700k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$636k
Blend (final)
Blend
$1.06M
Owner & transaction history
Bentaga Hldgs INC · 8 yrs held
Bentaga Hldgs INC
since 2018
2 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 Berlin submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Berlin 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
$700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±10%
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
$35 / 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
$29,094
Tax year 2024
Assessed value
$1,143,200
Assessed 2024
Previous assessed
$1,043,400
+9.6% YoY
Effective rate
2.54%
On assessed value
Assessed land
$383,600
Assessed improvement
$759,600
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Buildings
1
Stories
1
Units
3
Total area
30,000 SF
Lot
5.17 ac (225,378 SF)
APN
BERL M:0030 B:0014 L:0000-0
UPID
US38-1079212
Jurisdiction
BERLIN
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
1950
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
SPACE
Stories
1
Buildings
1
Units
3
Lot
5.17 ac
Current owner
From public records · entity-resolved
Bentaga Hldgs INC
Entity
Mailing address
96 PLEASANT ST, BERLIN, MA 01503-1609
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 4, 2018
$1,575,000
Bentaga Hldgs INC
Musial,carl
Quit Claim Deed
$1,260,000 · Leominster Cu
Jan 12, 1993
$250,000
Carl Musial
Colex 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.
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