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

    59 Park Wareham, MA 02538

    View on Map
    Picture of Commercial land at 59 Park, Wareham, MA
    For Sale
    $75,000

    LAND - Wareham, MA

    Lot size:
    0.14 Acres
    Added:
    Mar 27, 2026
    Days on Market:
    11
    Last Refresh:
    Apr 6 at 9:06 am

    Property Features for 59 Park

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R130
    Standard status
    Active
    APN
    1185641
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    907

    We can help!

    Listing Contact
    Richard Zompa

    Listing agent Richard Zompa License #REB.0014356

    Listing office RE/MAX Preferred 1417 Douglas Avenue, North Providence, MA

    Listing date Mar 27, 2026

    MLS# 73492898

    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

    Wareham Land Opportunity

    This 0.14-acre land parcel is located in Wareham, Massachusetts. The zoning is R130. Buyers are encouraged to investigate potential uses for the property. The seller's knowledge of the property is limited. All due diligence, including buildability, utilities, wetlands, and zoning, is the responsibility of the buyer.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wareham
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.651421
    Latitude
    41.771321

    Nearby Similar for Sale

    • $288,900

      Wareham Land Ready For Building

      3.7 acres of cleared land ready for new home.
      17 Station Street, Wareham, MA 02571
      View Details
    • $1,400,000
      28,818 SF

      Wareham Office Buildings For Sale

      Two office buildings totaling 28,818 SF in Wareham, MA.
      2527 Cranberry Hwy, Wareham, MA 02571
      View Details
    • $49,000

      Waterfront Land on Agawam Mill Pond

      0.37 acres of direct waterfront for recreational activities.
      3 Michael Dr, Wareham, MA 02538
      View Details
    • $295,000

      Prime Commercial Site on Highway

      Commercial land with highway frontage, development opportunities, and various uses.
      2711 Cranberry Hwy, Wareham, MA 02571
      View Details
    • $875,000
      7,448 SF

      Wareham Retail Opportunity For Sale

      2.38 acres with 7,884 SF building on Marion Road.
      161-167 Marion, Wareham, MA 02571
      View Details
    • $549,000
      1,379 SF

      Commercial Property on Route 6

      Well-maintained commercial property with high visibility and traffic count.
      58 Sandwich Rd, Wareham, MA 02571
      View Details
    • $1,600,000

      Wareham Land For Sale

      Land available for sale in Wareham, Massachusetts.
      3128 Cranberry Hwy, Wareham, MA
      View Details
    • $69,000

      Land with Deeded Beach Rights

      Land parcel with deeded beach access for recreation and relaxation.
      12 Taft Street, Wareham, MA 02571
      View Details
    • $800,000

      9.29 Acres Commercial Land

      Commercially zoned land available on Route-6 in Wareham, MA.
      372 Marion Rd, Wareham, MA 02571
      View Details
    • $175,000

      Wareham Land Parcels Available

      Three parcels of land totaling 3.88 acres in Wareham.
      11 22nd Street, Wareham, MA 02571
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land available in Wareham, Massachusetts. Buyer to perform due diligence.
    Where is this commercial land located?
    The property is located at 59 Park Wareham, MA.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: Opportunity for buyers to investigate potential uses.; Seller has limited knowledge, allowing buyer to define the property's future.; Buyer can perform due diligence on buildability.
    (401) 353-2200
    We can help!
    Listing Contact
    Richard Zompa
    Real Estate License ID: REB.0014356
    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!