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Property profile & analytics
OFF-MARKET
Estimated value
$870,000
Manufacturing properties
9 Broadway St Wakefield, MA 01880-3210
Entity Owned
28-yr Hold
~
Est. High Equity
Property ID
US38-0936099
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1905
Construction
FRAME
Total area
7,240 SF
Lot
0.54 ac (23,562 SF)
Zoning code
I
APN
WAKE M:000013 B:0025 P:000118
UPID
US38-0936099
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
-
Gloral Associates Land Surveyor
-
Falite Bros., Inc. HVAC Service General Contractor
-
Windshield Replacement & Repair Wakefield Auto Repair Shop (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.19M
Comparable Approach
Comparable
$603k
Blend (final)
Blend
$870k
Owner & transaction history
Ronray Re Corp · 28 yrs held
Ronray Re Corp
since 1997
7 recorded transactions
Zoning & alternative use
I · Wakefield, 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 Wakefield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wakefield 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
by Request
CAP Approach
CAP Return
Estimation
6%
$1,285,000
6.5%
$1,185,000
7%
$1,100,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,110,000
Current use
Blend value · Realmo final
$870k
Range $783k – $957k · ±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
$120 / 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
$17,672
Tax year 2024
Assessed value
$814,400
Assessed 2024
Previous assessed
$695,900
+17.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$440,000
Assessed improvement
$374,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1905
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
2
Units
1
Rooms
3
Bathrooms
5
Total area
7,240 SF
Lot
0.54 ac (23,562 SF)
Zoning code
I
APN
WAKE M:000013 B:0025 P:000118
UPID
US38-0936099
Jurisdiction
WAKEFIELD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Wakefield, MA
Zoning I · permitted uses
I · Wakefield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wakefield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
INDUSTRIAL (GENERAL) Current
Est. value
$1.1M
INDUSTRIAL (GENERAL) Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1905
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Buildings
1
Units
1
Rooms
3
Bathrooms
5
Lot
0.54 ac
Current owner
From public records · entity-resolved
Ronray Re Corp
Entity
Mailing address
9 BROADWAY ST, WAKEFIELD, MA 01880-3210
Ownership since
1997
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 24, 2023
—
Ronray Real Estate Corp
—
Deed
related
$4,100,000 · Salem Five Cents Savings Bank
Nov 18, 2022
—
Ronroy Real Estate Corp
—
Deed
related
$2,500,000 · George R Tombarello
Mar 30, 2018
—
Ronray Real Estate Corp
—
Deed
related
$518,500 · Sebago Ents
May 19, 2016
—
Ronray Real Estate Cor
—
Deed
related
$350,000 · Patriot Community Bank
Aug 13, 2014
—
Ronray Real Estate Corp
—
Grant Deed
related
$100,000 · Geoffrey Smith
Sep 17, 2013
—
Ronray Real Estate Corp
—
Deed Of Trust
related
$150,000 · Patriot Community Bank
Jun 26, 2009
—
Ronray Re Corp
—
Deed Of Trust
related
$500,000 · Savings Bank
Dec 11, 2001
—
Ronray Re Corp
—
Deed Of Trust
related
$500,000 · Savings Bank
Nov 10, 2000
—
Ronray Re Corp
—
Deed Of Trust
related
$50,000 · North Shore Bank
Feb 27, 1998
—
Ronray Re Corp
—
Deed Of Trust
related
$300,000 · North Shore Bank
Nov 26, 1997
$104,239
Ronray Re Corp
Kytron Circuits Corp
Grant Deed
—
Jul 2, 1987
—
Kytron Circuits Corp
—
Deed Of Trust
related
$145,000 · Massbank Of Savings
—
—
Ronray Real Estate Corp
—
Deed Of Trust
related
$518,500 · Sebago Ents
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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