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    72 Progress Ave Tyngsboro, MA 01879-1436
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    Property profile & analytics

    72 Progress Ave, Tyngsboro, MA 01879-1436

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    • Manufacturing properties
    • 20,250 SF
    • 2.01 lot acres
    Off-Market
    Last Sale Feb 1, 2024
    $2,500,000
    Property ID
    US38-1291576
    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.
    Value Estimations
    $2,500,000
    Show details
    Cap Rate Potential
    8.6%
    Manufacturing properties
    Location Intelligence

    Current Use by Public Records

    • Sanalife / HVAC Service / General Contractor
    • Aqualite US / General Contractor
    • Reliance Real Estate & Loss Mitigation Associates, Inc. / Charitable Organization / Social Service Agency

    Property Details for 72 Progress Ave

    Year built
    2007
    Construction
    STEEL FRAME
    Lot size
    2.01 lot acres
    Zone code
    I1
    Property type
    Manufacturing properties
    APN
    TYNG M:013 B:0046 L:0
    APU
    TYNGM013B0046L0

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 1, 2024 $2,500,000 Kelney LLC Aqualite Management LLC Quit Claim Arm's Length For Ne States $2.3M · Haywood Schmidt
    Dec 11, 2018 $1,700,000 Aqualite Management LLC Crane RT Quit Claim Arm's Length For Ne States $850k · Cambridge Savings Bank
    Oct 17, 2007 — Crane RT — Deed Of Trust · related $1.7M · Middlesex Savings Bank
    Jan 4, 2007 $350,000 Crane RT Mill Mountain LLC Grant Deed —
    Jun 19, 2006 $235,000 Mill Mountain LLC Logan RT Grant Deed $240k · Warren Gardner
    May 9, 2001 $170,000 Logan RT Applewood Constr Grant Deed $150k · Lowell Five Cent Savings

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,500,000
      ML approach
      $2,500,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $3,590,000
      6.5%
      $3,315,000
      7%
      $3,075,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,305,000
      Market price range: $1.74M - $5.15M
      AI Estimate
      $1,605,000
      Market price range: $1.17M - $3.12M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $3,110,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Tyngsboro
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4429
    Latitude
    42.6716
    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
    $18,971
    $414,200
    $1,077,200
    $1,491,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,345,000
      14,880 SF

      78 Progress Ave

      MANUFACTURING (LIGHT)
      78 Progress Ave, Tyngsboro, MA 01879-1436
      View Details
    • Value Estimation
      $1,760,000
      20,348 SF

      26 Cummings Rd

      MANUFACTURING (LIGHT)
      26 Cummings Rd, Tyngsboro, MA 01879-1406
      View Details
    • Value Estimation
      $10,430,000
      100,572 SF

      65 Middlesex Rd

      MANUFACTURING (LIGHT)
      65 Middlesex Rd, Tyngsboro, MA 01879-2041
      View Details
    • Value Estimation
      $1,380,000
      10,875 SF

      3 Industrial Way

      MANUFACTURING (LIGHT)
      3 Industrial Way, Tyngsboro, MA 01879-1432
      View Details
    • Value Estimation
      $890,000
      6,575 SF

      20 Cummings Rd

      MANUFACTURING (LIGHT)
      20 Cummings Rd, Tyngsboro, MA 01879
      View Details
    • Value Estimation by Request
      2,500 SF

      33 Middlesex Rd Ste, Unit 6

      CONDOMINIUMS (INDUSTRIAL)
      33 Middlesex Rd Ste, Tyngsboro, MA 01879-2021
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Industrial Flex Condominium For Sale

      Two-story industrial flex condominium with mezzanine office space.
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      Tyngsborough Commercial Property Investment

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      Tyngsborough Land For Sale

      18.76+/- acres of industrial land with highway access.
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      One Acre Parcel on Route 3A

      One acre parcel on Route 3A, prime for redevelopment.
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    Similar Nearby for Lease

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      12,397 SF

      Class A Flex Space Available

      Flex space in Vesper Executive Park, Tyngsborough, MA.
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      40,000 SF

      Industrial Warehouse Space Available

      40,000 square foot industrial warehouse space for lease.
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      View Details
    • Contact for pricing

      Industrial Flex Condominium For Rent

      Two-story industrial flex condominium featuring 19' ceilings and mezzanine office.
      141 Middlesex Rd, Tyngsborough, MA 01879
      View Details
    • Contact for pricing
      2,000 SF

      Flex/Industrial Condo For Lease

      Flex/Industrial condo with warehouse and mezzanine office space for lease.
      1-21 Westech Dr, Tyngsboro, MA 01879
      View Details
    • Contact for pricing
      4,800 SF

      New Construction Industrial Condo Available

      New construction industrial condo for lease, ready September 2024.
      50 Old Tyng Rd, Tyngsborough, MA 01879
      View Details
    • Contact for pricing

      Retail and Office Spaces Available

      Multiple spaces for lease in Tyngsborough, MA.
      150 Westford Rd, Tyngsborough, MA 01879
      View Details
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    Tyngsboro, MA 01879-1436
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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