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Property profile & analytics
OFF-MARKET
Estimated value
$1,725,000
Showrooms
90 New Salem St Wakefield, MA 01880-1906
Individually Owned
23-yr Hold
~
Est. High Equity
Property ID
US38-1012213
Property profile
Verified
Property type
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Year built
1965
Construction
STEEL FRAME
Total area
15,349 SF
Lot
1.5 ac (65,135 SF)
Zoning code
I
APN
WAKE M:000029 B:0133 P:0010AA
UPID
US38-1012213
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
-
United Van Lines Moving Company
-
Taylor Self Storage Storage Facility
-
Stinger Staging, Inc IT Consulting Firm Tech Support Center
-
New Salem Services Corporation Employment Agency
-
Ice 9 Productions Tech Support Center Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.99M
Blend (final)
Blend
$1.73M
Owner & transaction history
RT Mast · 23 yrs held
RT Mast
since 2003
1 recorded transaction
Zoning & alternative use
I · Wakefield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
I. Accessory industrial retail. The finished products of an industrial establishment may be sold in the enclosed premises at retail, provided that: (1) The floor area devoted to such retail does not exceed 10% of the total gross floor area. (2) Accessory retail parking, signs and illumination are regulated as for a Business District. (3) The retail portion o…
Zone name
Industrial
General category
INDUSTRIAL
Zone area
448.05 ac
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%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.73M
Range $1.55M – $1.90M · ±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
$112 / 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
$25,354
Tax year 2024
Assessed value
$1,168,400
Assessed 2024
Previous assessed
$1,108,800
+5.4% YoY
Effective rate
2.17%
On assessed value
Assessed land
$591,100
Assessed improvement
$577,300
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
Showrooms
Use group
SHOW ROOM, WAREHOUSE
Status
Off-Market
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Buildings
1
Stories
1
Units
1
Rooms
3
Bathrooms
6
Total area
15,349 SF
Lot
1.5 ac (65,135 SF)
Zoning code
I
APN
WAKE M:000029 B:0133 P:0010AA
UPID
US38-1012213
Jurisdiction
WAKEFIELD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
I · Wakefield, MAZoning I · permitted uses
I · Wakefield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
I. Accessory industrial retail. The finished products of an industrial establishment may be sold in the enclosed premises at retail, provided that: (1) The floor area devoted to such retail does not exceed 10% of the total gross floor area. (2) Accessory retail parking, signs and illumination are regulated as for a Business District. (3) The retail portion of the establishment is closed to the public during periods of change of shift. J. Accessory employee services. Provision may be made on the premises of an industrial or office establishment or within an industrial park for the primary use of persons employed or having business there to serve food, to sell small convenience articles, to provide areas for recreation and meeting and for the provision of a day nursery, kindergarten or day care center.
Zone name
Industrial
General category
INDUSTRIAL
Zone area
448.05 ac
Building & site characteristics
From public records
Year built
1965
Construction
STEEL FRAME
Heating
FORCED AIR
Stories
1
Buildings
1
Units
1
Rooms
3
Bathrooms
6
Lot
1.5 ac
Current owner
From public records · entity-resolved
RT Mast
Individual
Mailing address
90 NEW SALEM ST, WAKEFIELD, MA 01880-1906
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2003
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 22, 2003
—
RT Mast
—
Deed Of Trust
related
$750,000 · Sovereign Bank
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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