Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    16 Danforth Canton, MA 02021

    View on Map
    For Sale
    $225,000

    LAND - Canton, MA

    Lot size:
    0.23 Acres
    Added:
    Jul 9, 2024
    Days on Market:
    635
    Last Refresh:
    Apr 4 at 5:06 am

    Property Features for 16 Danforth

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    GR
    Standard status
    Active
    APN
    4891771
    Lot size
    0.23 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2500

    We can help!

    Listing Contact
    Iris Papagno

    Listing agent Iris Papagno

    Listing office Keller Williams Realty 150 West Street, Westwood, MA

    Listing date Jul 9, 2024

    MLS# 73261730

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Developable Land Near Canton Center

    This is a developable parcel of land located near the town center in Canton. The property has variance approval for a proposed single-family dwelling. The lot size is 0.2301 acres. Sewer, gas, and electric utilities are available on the street. The zoning is GR. This property is located in Norfolk County, Massachusetts.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.143778
    Latitude
    42.158413

    Nearby Similar for Sale

    • $329,000

      Residential Land in Desirable Neighborhood

      Land parcel for custom home in prime Canton location.
      106 Indian Ln, Canton, MA 02021
      View Details
    • $1,700,000
      3,000 SF

      Canton Office Building For Sale

      Well-maintained office building with investment potential in Canton, Massachusetts.
      510 Chapman St, Canton, MA
      View Details
    • $1,600,000
      9,132 SF

      Canton Office Building For Sale

      Office building in Chapman Office Park, suitable for investment.
      490 Chapman St, Canton, MA
      View Details
    • $149,900
      592 SF

      Canton Office Condo For Sale

      592 SF first-floor office condo in Canton, Massachusetts.
      1017 Turnpike St #23, Canton, MA 02021
      View Details
    • Contact for pricing
      267,103 SF

      Canton Office Building Acquisition Opportunity

      Full-building office property for sale in established corporate park.
      150 Royall Street, Canton, MA 02021
      View Details
    • Contact for pricing

      30 Acres Development Opportunity

      30 acres for assisted living development near Rt. 93.
      125 Turnpike St, Canton, MA 02021
      View Details
    • Contact for pricing
      118,704 SF

      Shell Industrial Facility in Canton

      118,704 SF shell industrial facility with value-add opportunity.
      275 Dan Rd, Canton, MA
      View Details
    • Contact for pricing
      12,000 SF

      Canton Warehouse and Flex Space

      12,000 SF warehouse/flex space on 3.7 acres, near Boston.
      2 Whitman Rd, Canton, MA
      View Details
    • $1,100,000
      560 SF

      Canton Commercial Land on Route 138

      1.8 acre commercial land in high-traffic Canton location.
      888 Turnpike Street, Canton, MA 02021
      View Details
    • $58,327,000
      60,781 SF

      Topgolf Investment Opportunity in Boston

      New Topgolf investment property in suburban Boston with corporate guaranty.
      777 Dedham St, Canton, MA 02021
      View Details

    FAQs

    What type of property is this?
    Land - Developable land parcel near town center with variance approval.
    Where is this land located?
    The property is located at 16 Danforth Canton, MA.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: Developable land parcel in Canton.; Variance approval in hand for single family dwelling.; Near the town center.
    (781) 251-2101
    We can help!
    Listing Contact
    Iris Papagno
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!