40 LEDIN AVE
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Location
40 LEDIN AVE
Mblu
B6/ 1/ 17/ /
Acct#
0B6001017
Owner
RHINO 40 LEDIN INVESTORS LLC
Assessment
$5,931,700
Appraisal
$5,931,700
PID
101696
Building Count
1
Current Value
Appraisal
Valuation YearImprovementsLandTotal
2026$4,708,600$1,223,100$5,931,700
Assessment
Valuation YearImprovementsLandTotal
2026$4,708,600$1,223,100$5,931,700

Owner of Record
OwnerRHINO 40 LEDIN INVESTORS LLC
Co-Owner
Address184 HIGH ST. #502

BOSTON, MA 02110
Sale Price$9,800,000
Certificate
Book & Page 39579/0569
Sale Date06/30/2021
Instrument1B

Ownership History
Ownership History
OwnerSale PriceCertificateBook & PageInstrumentSale Date
RHINO 40 LEDIN INVESTORS LLC$9,800,000 39579/05691B06/30/2021
REDEMCO INC$877,500 6082/672-3 11/30/1982
PANTSMASTER OF NEW ENGLAND$600,000 6082/0670 11/30/1982
CAREY REALTY TRUST$0 5055/05-6 06/28/1974

Building Information
Building 1 : Section 1
Year Built: 1974
Living Area: 73,332
Replacement Cost: $5,131,668
Building Percent Good: 65
Replacement Cost
Less Depreciation:
$3,335,600
Building Attributes
FieldDescription
Style:Warehouse
ModelInd/Comm
GradeAbove Avg
Stories:1
Occupancy1.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2 
Roof StructureFlat
Roof CoverT+G/Rubber
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeNone
Struct Class 
Bldg UseINDUSTRIAL
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACNONE
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL/MN WL
Rooms/PrtnsAVERAGE
Wall Height18.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 73,332 73,332
FOPPorch, Open, Finished 36 0
UEPPorch, Enclosed, Unfinished 48 0
   73,416 73,332
Building 1 : Section 2
Year Built: 1974
Living Area: 8,000
Replacement Cost: $739,128
Building Percent Good: 65
Replacement Cost
Less Depreciation:
$480,400
Building Attributes : Section 2 of 4
FieldDescription
Style:Warehouse
ModelInd/Comm
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Brick Veneer
Exterior Wall 2 
Roof StructureFlat
Roof CoverT+G/Rubber
Interior Wall 1Plywood Panel
Interior Wall 2 
Interior Floor 1Vinyl/Asphalt
Interior Floor 2 
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeCentral
Struct Class 
Bldg UseINDUSTRIAL
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACNONE
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL/MN WL
Rooms/PrtnsAVERAGE
Wall Height12.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
AOFOffice, (Average) 8,000 8,000
   8,000 8,000
Building 1 : Section 3
Year Built: 1974
Living Area: 7,680
Replacement Cost: $526,618
Building Percent Good: 50
Replacement Cost
Less Depreciation:
$263,300
Building Attributes : Section 3 of 4
FieldDescription
Style:Warehouse
ModelInd/Comm
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2 
Roof StructureFlat
Roof CoverT+G/Rubber
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeNone
Struct Class 
Bldg UseINDUSTRIAL
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACNONE
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL/MN WL
Rooms/PrtnsAVERAGE
Wall Height26.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 7,680 7,680
   7,680 7,680
Building 1 : Section 4
Year Built: 2020
Living Area: 3,680
Replacement Cost: $247,774
Building Percent Good: 95
Replacement Cost
Less Depreciation:
$235,400
Building Attributes : Section 4 of 4
FieldDescription
Style:Warehouse
ModelInd/Comm
GradeAverage
Stories:1
Occupancy1.00
Exterior Wall 1Pre-finsh Metl
Exterior Wall 2 
Roof StructureFlat
Roof CoverT+G/Rubber
Interior Wall 1Minim/Masonry
Interior Wall 2 
Interior Floor 1Concr-Finished
Interior Floor 2 
Heating FuelGas
Heating TypeHot Air-no Duc
AC TypeNone
Struct Class 
Bldg UseINDUSTRIAL
Total Rooms 
Total Bedrms 
Total Baths 
1st Floor Use: 
Heat/ACNONE
Frame TypeMASONRY
Baths/PlumbingAVERAGE
Ceiling/WallSUS-CEIL/MN WL
Rooms/PrtnsAVERAGE
Wall Height24.00
% Comn Wall 
Building Photo Building Photo
Building Layout Building Layout
Building Sub-Areas (sq ft)
CodeDescriptionGross
Area		Living
Area
BASFirst Floor 3,680 3,680
   3,680 3,680

Extra Features
Extra Features
CodeDescriptionSizeValueBldg #
SPR1SPRINKLERS-WET81572.00 S.F.$53,0001
CLR1COOLER1900.00 S.F.$30,9001
LDL1LOAD LEVELERS3.00 UNITS$7,0001

Land
Land Use
Use Code4000
DescriptionINDUSTRIAL  
ZoneIND
NeighborhoodG
Alt Land ApprNo
Category
Land Line Valuation
Size (Acres)4.3
Frontage
Depth
Assessed Value$1,223,100
Appraised Value$1,223,100

Outbuildings
Outbuildings
CodeDescriptionSub CodeSub DescriptionSizeValueBldg #
PAV1PAVING-ASPHALT  80000.00 S.F.$249,6001
FN3FENCE-6' CHAIN  700.00 L.F.$6,6001
SCL1SCALES-MECHAN  60.00 TONS$46,8001
Valuation History
Appraisal
Valuation YearImprovementsLandTotal
2025$4,514,600$1,157,000$5,671,600
2024$4,007,800$1,157,000$5,164,800
2023$4,007,800$1,157,000$5,164,800

Assessment
Valuation YearImprovementsLandTotal
2025$4,514,600$1,157,000$5,671,600
2024$4,007,800$1,157,000$5,164,800
2023$4,007,800$1,157,000$5,164,800

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