Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Retail Space at Patriot Place Title is generated by Realmo AI

    Patriot Pl 240, Foxborough, MA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space available within a large open-air lifestyle center.

    Type:RETAIL
    Property size:
    14,573 SF
    Lot size:
    24.04 Acres
    Added:
    May 9, 2025
    Days on Market:
    395
    Last Refresh:
    May 19 at 9:09 pm

    Property Features for Patriot Pl 240

    General Information

    Standard status
    Active
    Size
    14,573 SF
    Lot size
    24.04 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at Patriot Pl 240 Contact us

    We can help!

    Listing Contact
    Daniel Dori
    Daniel Dori

    Listing agent Daniel Dori

    Listing office Blackline Retail Group

    Listing date May 9, 2025

    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 Blackline Retail Group

    HighLights

    • Open‑air lifestyle center with diverse shopping, dining, and entertainment options.
    • Located adjacent to Gillette Stadium, home of the New England Patriots and New England Revolution.
    • High traffic location with over 10 million annual visits.
    • Substantial size: over 1,400,000 SF of retail, entertainment, restaurant, medical, and office space.
    • Features a mix of retail, entertainment, restaurants, medical, and office tenants.
    • Located in Foxborough, MA.

    Overview

    This retail space is located within Patriot Place, an open-air lifestyle center in Foxborough, Massachusetts. Patriot Place features shopping, dining, and entertainment options surrounding Gillette Stadium, home to the New England Patriots and New England Revolution. The property encompasses over 1,400,000 square feet of retail, entertainment, restaurants, medical facilities, and office space. The location attracts over 10 million visits annually. The available retail space measures 14,573 square feet.
    Location Intelligence

    Current Use by Public Records

    TB12 Performance & Recovery ... Gym & Fitness Center TB12 Performance Yoga Gym & Fitness Center Kevin Richard Gym & Fitness Center

    Suggested Use

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

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

    Similar Places Nearby

    • Sunglass Outfitters by Sunglass Hut — 1 Bass Pro Dr, Foxborough, MA 02035
    • Loading Dock — 200 Patriot Pl, Foxborough, MA 02035

    Location Insight

    • Map
    • Local Demand
    City
    Foxborough
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2672
    Latitude
    42.0931

    Nearby Similar for Lease

    • $129-$5,616/Mo
      11-1,292 SF

      MA, Foxborough - Patriot Place

      26 Patriot Pl, Unit 2ND, Foxborough, MA 02035
      View Details
    • $12 SF/Yr
      2,370 SF

      High-End Office and Storage Space

      Office and storage space with convenient amenities and easy highway access.
      123 Washington St, Foxborough, MA
      View Details
    • Contact for pricing
      1,400,000-1,400,000 SF

      Patriot Place Mixed-Use Center

      Open-air lifestyle center with retail, dining, and entertainment options.
      2 Patriot Pl, Foxborough, MA 02035
      View Details
    • $950/Mo

      High Visibility Office Space

      Office space on Main St, Foxborough Center with parking.
      3 Main St, Foxborough, MA 02035
      View Details
    • Contact for pricing
      1,626 SF

      Retail Space in Patriot Place

      Retail space available within a large open-air lifestyle center.
      213 Patriot Pl, Foxborough, MA
      View Details
    • Contact for pricing
      21,000 SF

      Foxborough Retail Space Sublease

      21,000 SF retail space available for sublease in Foxborough.
      256 Patriot Pl, Foxborough, MA
      View Details
    • Contact for pricing
      45,000 SF

      Foxborough Warehouse Space Available

      20,000-45,000 SF of warehouse space available for lease.
      Foxborough, MA 02035
      View Details
    • Contact for pricing
      21,380 SF

      Patriot Place Retail Opportunity

      Retail and restaurant spaces available in Patriot Place.
      350-392 Patriot Pl, Foxborough, MA
      View Details
    • Contact for pricing
      2,605 SF

      Retail Space in Patriot Place

      Retail space available within a large open-air lifestyle center.
      Patriot Pl 24, Foxborough, MA
      View Details
    • Contact for pricing
      5,680 SF

      Flex/Industrial Space Near Commuter Rail

      Flex/industrial space with amenities near Mansfield Commuter Rail.
      200 Foxborough Boulevard, Foxborough, MA, 02035
      View Details
    • Contact for pricing
      9,199 SF

      Office Space at Patriot Place

      Office space available in a vibrant retail and entertainment area.
      26 Patriot Pl, Foxborough, MA
      View Details
    • Contact for pricing
      45,000 SF

      Foxborough Office Space Available

      Office space available in Foxborough, ranging from 20,000-45,000 SF.
      300 Foxborough Blvd, Foxborough, MA
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space available within a large open-air lifestyle center.
    Where is this shopping center located?
    The property is located at Patriot Pl 240 Foxborough, MA.
    What are key features of this property?
    This property features: Open‑air lifestyle center with diverse shopping, dining, and entertainment options.; Located adjacent to Gillette Stadium, home of the New England Patriots and New England Revolution.; High traffic location with over 10 million annual visits.
    (617) 553-1820 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Daniel Dori
    Daniel Dori
    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

    Thank You for Inquiry
    Patriot Pl 240, Foxborough, MA
    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!