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Property profile & analytics
OFF-MARKET
Estimated value
$12,245,000
Manufacturing properties
700 Main St, Wilmington, MA 01887
Individually Owned
4-yr Hold
Free & Clear
Property ID
US38-0813394
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1957
Construction
STEEL FRAME
Total area
211,228 SF
Lot
20.58 ac (896,465 SF)
APN
WILM M:0048 L:0000 P:0073A
UPID
US38-0813394
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
-
Textron Systems Corporation Industrial Manufacturer Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$12.25M
Owner & transaction history
Wilmington Lowell Owner · 4 yrs held
Wilmington Lowell Owner
since 2022
Last sale
$16.0M
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
$13,715,000
ML approach
$8,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$12.25M
Range $11.02M – $13.47M · ±10% · vs last sale $16.00M (Jun 16 2022)
Last sale anchor
$16.00M
Jun 16 2022
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
$58 / 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
$231,333
Tax year 2024
Assessed value
$8,819,400
Assessed 2024
Previous assessed
$5,809,200
+51.8% YoY
Effective rate
2.62%
On assessed value
Assessed land
$4,770,000
Assessed improvement
$4,049,400
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1957
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
7
Stories
3
Units
1
Total area
211,228 SF
Lot
20.58 ac (896,465 SF)
APN
WILM M:0048 L:0000 P:0073A
UPID
US38-0813394
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
1957
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
7
Units
1
Lot
20.58 ac
Current owner
From public records · entity-resolved
Wilmington Lowell Owner
Individual
Free & Clear · 4 yrs held
Mailing address
124 INDUSTRY LN, HUNT VALLEY, MD 21030-3342
Ownership since
2022
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
Jun 16, 2022
$16,000,000
Wilmington Lowell Owner
Textron Systems Corp
Quit Claim Arm's Length For Ne States
—
Apr 22, 2021
—
Texron Systems Corp
—
Deed
related
—
Jul 19, 2010
$1
Textron Sys Corp
Avco Corp
Grant Deed
—
Jul 1, 2005
—
H D O LLC
—
Deed Of Trust
related
$500,000 · Danvers Savings Bank
Apr 9, 1999
—
Hdo LLC
—
Deed Of Trust
related
$500,000 · Danvers Savings Bank
Jan 13, 1999
—
Hdo LLC
—
Deed Of Trust
related
$750,000 · Danvers Savings Bank
Jul 11, 1997
$2,100,000
Hdo LLC
Avco Corp
Grant Deed
$2,350,000 · Zuckerman Family Nomi
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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