Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Warehouse Space in Plymouth Park Title is generated by Realmo AI

    62 Industrial Park Road, Plymouth, MA 02360

    View on Map
    Claim this Listing
    For Lease
    $16 SF/Yr

    6000 SF warehouse with highway access and ample parking.

    Type:Commercial
    Added:
    Aug 27, 2024
    Days on Market:
    645
    Last Refresh:
    May 10 at 11:38 pm

    Property Features for 62 Industrial Park Road

    General Information

    Standard status
    Active
    Property subtype
    Commercial

    Building Details

    Year Built
    1983

    We can help!

    Listing Contact
    Paul Miraglia

    Listing agent Paul Miraglia

    Listing office Miraglia Realty

    Listing date Aug 27, 2024

    Source Corcoran

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Miraglia Realty

    HighLights

    • Premier warehouse space offering 6000sf and ample parking.
    • Convenient highway access to Boston, western locations, and Cape Cod via Route 44 and Route 3.
    • Two large drive‑in doors (16x14 and 12x14) plus a smaller overhead door (6x10).
    • Approximately 20ft clear height.
    • Zoned light industrial, allowing for a variety of uses.
    • Landlord adding an exclusive driveway to the property.

    Overview

    Located in Plymouth Industrial Park, this 6000 square foot warehouse space offers convenient access to highways leading to Boston, western Massachusetts, and Cape Cod via Route 44 and Route 3. The property features ample parking and is situated near amenities such as Colony Place and downtown Plymouth. The warehouse includes two offices and a mezzanine. The clear height is approximately 20 feet. There are two large drive-in doors, measuring 16x14 and 12x14, along with a smaller 6x10 overhead door. The property is zoned for light industrial use, accommodating a variety of business operations. The landlord is currently renovating the property and adding an exclusive driveway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Cag Logistics — 60 Industrial Park Rd, Plymouth, MA 02360

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.7035
    Latitude
    41.9578

    Nearby Similar for Lease

    • $15 SF/Yr
      1,000 SF

      Functional Flex Space with Office

      Flex space with office, warehouse, and loading docks.
      118 Long Pond Rd, Plymouth, MA 02360
      View Details
    • $5,700/Mo
      2,100 SF

      Restaurant Space in Downtown Plymouth

      Restaurant space for rent in downtown Plymouth with street visibility.
      15-17 Court Street, Plymouth, MA 02360
      View Details
    • $900/Mo

      Updated Office Space For Rent

      Updated office space featuring two offices and a private bathroom.
      488 State Road, Plymouth, MA 02360
      View Details
    • $1,380/Mo
      30,000 SF

      Office Space in Plymouth Park

      Office space available for immediate occupancy in Plymouth, Massachusetts.
      6 Resnik Road #204, Plymouth, MA 02360
      View Details
    • $2,000/Mo

      Downtown Plymouth Professional Office Space

      Prime downtown office space with courtyard, roof deck access.
      101 Court St 5, Plymouth, MA 02360
      View Details
    • $4,000/Mo
      1,350 SF

      Retail Space in Colony Place

      Sublease opportunity in Plymouth's premier retail destination.
      55 Commerce Way, Plymouth, MA 02360
      View Details
    • $5,700/Mo
      2,100 SF

      Downtown Plymouth Restaurant Space Available

      Restaurant space for rent in downtown Plymouth with street visibility.
      15-17 Court Street, Plymouth, MA 02360
      View Details
    • $600/Mo

      Downtown Plymouth Office Spaces Available

      Multiple office spaces for rent in historic downtown Plymouth.
      100 Court St #8, Plymouth, MA 02360
      View Details
    • $2,600/Mo

      Modern Workspace in Commerce Location

      Modern workspace suitable for various businesses in a high-traffic area.
      54 Holman Rd #Bldg D, Plymouth, MA 02360
      View Details
    • $3,000/Mo

      Class A Office Space Available

      High-traffic Plymouth office space ready for immediate occupancy.
      5 Natalie Way #B, Plymouth, MA 02360
      View Details
    • $3,000/Mo

      Class A Office Space Plymouth

      One-level Class A office space in high-traffic area.
      5 Natalie Way B, Plymouth, MA 02360
      View Details
    • $2,800/Mo

      Downtown Plymouth Retail Space Available

      Retail space in downtown Plymouth with renovation potential.
      19-23B Court Street, Plymouth, MA 02360
      View Details

    FAQs

    What type of property is this?
    Warehouse - 6000 SF warehouse with highway access and ample parking.
    Where is this warehouse located?
    The property is located at 62 Industrial Park Road Plymouth, MA.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Premier warehouse space offering 6000sf and ample parking.; Convenient highway access to Boston, western locations, and Cape Cod via Route 44 and Route 3.; Two large drive‑in doors (16x14 and 12x14) plus a smaller overhead door (6x10).
    (617) 794-6000
    We can help!
    Listing Contact
    Paul Miraglia
    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

    Thank You for Inquiry
    62 Industrial Park Road, Plymouth, MA 02360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!