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    Lakeville Land with Development Potential Title is generated by Realmo AI

    39 Bedford St + 23 Taunton St, Lakeville, MA 02347

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    For Sale
    $1,295,000

    LAND - Lakeville, MA

    Lot size:
    7.11 Acres
    Added:
    Sep 12, 2025
    Days on Market:
    244
    Last Refresh:
    May 13 at 11:06 am

    Property Features for 39 Bedford St + 23 Taunton St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    ResDevLand
    Standard status
    Active
    Lot size
    7.11 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2783

    We can help!

    Listing Contact
    Scott Morris

    Listing agent Scott Morris License #450000052

    Listing office Keller Williams Realty 574 Washington Street, South Easton, MA

    Listing date Sep 12, 2025

    MLS# 73430272 Listing URL

    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.

    HighLights

    • 7.11 total acres in desirable Southeastern Massachusetts location.
    • Easy access to Boston and Providence Airports, Cape Cod and Plymouth, located approximately 0.7 miles from Route 495 exit ramp.
    • Zoned for General Use, offering flexibility for residential, mixed‑use, and business development across two lots.
    • 576 sf Bedford Street (Rt 18) frontage, providing tremendous exposure.
    • Town water and electric available at the street.
    • Includes an additional 1.61‑acre parcel on Taunton St with 175 sf frontage and a gutted home/garage ready for updating.

    Overview

    This offering comprises two lots totaling 7.11 acres in Lakeville, MA. One lot, with 5.5 +/- acres, features 576 square feet of frontage on Bedford Street (Route 18). The second parcel, located on Taunton Street, spans 1.61 acres with 175 square feet of frontage. The properties are zoned for general use, providing flexibility for residential, mixed-use, and business development, as well as agricultural benefits. The location offers convenient access to Route 495, placing it within driving distance of Boston and Providence Airports, as well as Cape Cod and Plymouth. Town water and electric services are available at the street. A home and garage on the Taunton Street parcel are gutted and ready for renovation. A pond is located on the property, though the extent of upland is undetermined. The site is located approximately 0.7 miles from the Route 495 exit ramp.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Pharmacy Department Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Lakeville
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9649076
    Latitude
    41.8873479

    Nearby Similar for Sale

    • $895,000

      Lakeville Land with Development Potential

      5.5-acre parcel near Route 495, suitable for mixed-use development.
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      View Details
    • $149,900

      Lakeville Agricultural Land Opportunity

      Former cranberry bog near Ocean Spray headquarters, prime agricultural location.
      Cross Street (Rear), Lakeville, MA 02347
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    • $299,900

      Residential Land in Desirable Area

      11.84 acres of residential land with 279 feet frontage.
      145 County Street, Lakeville, MA 02347
      View Details

    FAQs

    What type of property is this?
    Land - 7.11 acres near Route 495, suitable for mixed-use development.
    Where is this land located?
    The property is located at 39 Bedford St + 23 Taunton St Lakeville, MA.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: 7.11 total acres in desirable Southeastern Massachusetts location.; Easy access to Boston and Providence Airports, Cape Cod and Plymouth, located approximately 0.7 miles from Route 495 exit ramp.; Zoned for General Use, offering flexibility for residential, mixed‑use, and business development across two lots.
    (508) 238-5000
    We can help!
    Listing Contact
    Scott Morris
    Real Estate License ID: 450000052
    Learn More
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    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
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