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

    61-73 Reservoir Park Dr Rockland, MA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    3,400 SF warehouse/showroom with updated features and easy access.

    Type:INDUSTRIAL
    Property size:
    3,100 SF
    Lot size:
    2.17 Acres
    Added:
    Mar 14, 2024
    Days on Market:
    777
    Last Refresh:
    Apr 5 at 10:12 pm

    Property Features for 61-73 Reservoir Park Dr

    General Information

    Standard status
    Active
    Size
    3,100 SF
    Lot size
    2.17 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 61-73 Reservoir Park Dr Contact us

    We can help!

    Listing Contact
    Dave Ellis
    Dave Ellis

    Listing agent Dave Ellis

    Listing office Ellis Realty Advisors

    Listing date Mar 14, 2024

    Source Moodyscre

    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 Ellis Realty Advisors

    Overview

    Warehouse with Showroom and Mezzanine

    This 3,400 square foot warehouse includes a showroom and an additional 1,000 square feet of mezzanine storage. The space features two 12-foot drive-in doors. An additional loading dock can be added to the unit. The space was recently refinished with new showroom areas, an office bathroom with shower, and mezzanine offices with a kitchenette. The building exterior and signage have also been recently updated. Located on Reservoir Park Drive, the property offers convenient access to Route 3, Route 18, and Route 123, and is situated right at the entrance to Union Point.
    Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

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

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

    Similar Places Nearby

    • Storage 77 — 77 Weymouth St, Rockland, MA 02370
    • Jeff Lindahl SelfStorage Investing Riches — 100 weymouth st bldg. d, rockland, ma 02370
    • Burkhardt Brothers Moving & Storage — 67 Sharp St, Hingham, MA 02043
    • Store-For-You-Storage — 53 Air Station Industrial Park, Rockland, MA 02370

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9071
    Latitude
    42.159

    Nearby Similar for Lease

    • $2,550/Mo

      Rockland Commercial Office/Warehouse Space

      Well-maintained office/warehouse space in a convenient location near Route 3.
      25 Accord Park Dr, Rockland, MA 02370
      View Details
    • $2,550/Mo

      Renovated Office/Warehouse Space Available

      Well-maintained, renovated office/warehouse space in a convenient location.
      25 Accord Park Dr, Rockland, MA 02370
      View Details
    • Contact for pricing

      Rockland Office Space for Lease

      Up to 14,322 SF available in Rockland, MA.
      1099 Hingham St, Rockland, MA 02370
      View Details
    • $2,500/Mo

      Rockland Office Space For Lease

      Office space for lease with ample parking and high visibility.
      900-938 Hingham St, Rockland, MA
      View Details
    • $13 SF/Yr

      Versatile Flex Space Available

      Adaptable flex space featuring offices, conference rooms, and private amenities.
      40 Reservoir Park Dr, Rockland, MA
      View Details
    • $23 SF/Yr

      Rockland Office Space For Rent

      6,000 square foot office space available for lease.
      400 Hingham St, Rockland, MA
      View Details
    • Contact for pricing

      Flex Condo Near Union Point

      6,000 SF flex condo with office and warehouse space.
      100 Weymouth St, Rockland, MA
      View Details
    • $22 SF/Yr

      Class A Furnished Office

      Class A office space available for rent, fully furnished.
      302 Weymouth St, Rockland, MA
      View Details
    • Contact for pricing

      Rockland Office Space Available

      1597 square feet of office space for rent.
      1050 Hingham St, Rockland, MA
      View Details
    • Contact for pricing

      Rockland Retail Space Available

      Retail space available for rent in Rockland, Massachusetts.
      218 Vfw Dr, Rockland, MA
      View Details
    • Contact for pricing

      Rockland Office Space for Lease

      Class A office building with best-in-class amenities.
      1099 Hingham St, Rockland, MA
      View Details
    • Contact for pricing

      Industrial Space for Lease

      2800 SF industrial space for warehouse/distribution or manufacturing.
      273 Weymouth St, Rockland, MA 02370
      View Details

    FAQs

    What type of property is this?
    Warehouse - 3,400 SF warehouse/showroom with updated features and easy access.
    Where is this warehouse located?
    The property is located at 61-73 Reservoir Park Dr Rockland, MA.
    What is the lease rate?
    The lease rate is $14 SF/Yr.
    What are key features of this property?
    This property features: Easy access to Route 3, Route 18, and Route 123; **3,400 SF warehouse with showroom plus 1,000 SF mezzanine storage**; Recently refinished showroom, office, bathroom with shower, and mezzanine offices with kitchenette
    (781) 919-0800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dave Ellis
    Dave Ellis
    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!