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Property profile & analytics
OFF-MARKET
Industrial land
88 Ml St Dracut, MA 01826
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US38-0309100
Property profile
Verified
Property type
Industrial land
Use group
INDUSTRIAL - VACANT LAND
Lot
0.9 ac (39,400 SF)
Zoning code
I1
APN
DRAC M:32 L:66
UPID
US38-0309100
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Mill Island LLC · 5 yrs held
Mill Island LLC
since 2021
Last sale
$8,000
7 recorded transactions
Zoning & alternative use
I1 · Dracut, MA
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 Dracut submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dracut 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,805
Tax year 2024
Assessed value
$268,400
Assessed 2024
Previous assessed
$238,700
+12.4% YoY
Effective rate
1.05%
On assessed value
Assessed land
$228,200
Assessed improvement
$40,200
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 land
Use group
INDUSTRIAL - VACANT LAND
Status
Off-Market
Heating
NONE
Lot
0.9 ac (39,400 SF)
Zoning code
I1
APN
DRAC M:32 L:66
UPID
US38-0309100
Jurisdiction
DRACUT
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
I1 · Dracut, MAZoning I1 · permitted uses
I1 · Dracut, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Heating
NONE
Lot
0.9 ac
Current owner
From public records · entity-resolved
Mill Island LLC
Entity
Mailing address
PO BOX 219, DRACUT, MA 01826-0219
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
16 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2021
$8,000
Mill Island LLC
B&f Meredith LLC
Quit Claim Arm's Length For Ne States
—
Jan 28, 2021
—
Beaver Brk Hldg LLC
—
Deed
related
$10,000,000 · Salem Five Mortgage Corp
Oct 25, 2017
$5,500
B & F Meredith LLC
Franks,william
Quit Claim Deed
—
Apr 14, 2017
—
William Franks
Beaverbrook Mills Trust
Quit Claim Deed
related
—
Sep 19, 2012
$7,000,000
Jpmcc 2007-cibc 19 Mill
Beaver Brook Village LLC
One Of Committee, Strict Foreclosure, Sheriff, Or Redemption Deeds
related
—
Mar 19, 2007
—
Beaver Brook Village LLC
—
Deed Of Trust
related
$9,500,000 · Cib
Feb 7, 2007
—
Fkbe 1 LLC
—
Deed Of Trust
related
$1,654,268 · Gorman Mgmt T
Jan 29, 2007
—
Mills T Beaverbrook
—
Deed Of Trust
related
$500,000 · Louis M Saab
Aug 25, 2006
—
Fkbe 1 LLC
—
Deed Of Trust
related
$400,000 · Louis M Saab
Oct 5, 2005
—
Fkbe 1 LLC
—
Deed Of Trust
related
$4,800,000 · Mhic New Markets LLC
Aug 5, 2005
—
Mills T Beaverbrook
—
Deed Of Trust
related
$400,000 · Louis M Saab
Jun 9, 2005
$1
Mls T Beaverbrook
Fkbei LLC
Grant Deed
related
—
Apr 14, 2005
$900,000
Fkbe 1 LLC
Barry,brian
Grant Deed
$950,000 · Mhic LLC
Apr 14, 2005
—
Mills T Beaverbrook
—
Deed Of Trust
related
$350,000 · Louis M Saab
Jan 4, 2002
—
Mills T Beaverbrook
—
Deed Of Trust
related
$300,000 · Frank J Gorman
Nov 29, 2001
—
Mills T Beaverbrook
—
Deed Of Trust
related
$150,000 · William R Greenwood
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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