Property profile

218 Schoosett St Pembroke, MA 02359

FOR SALE
Other commercial real estate
Property ID
US38-1567690
3,444 SF 1.13 ac lot Built 1924
Individually Owned 1-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

The property consists of a 1.13-acre lot with 244 feet of frontage on Route 139 and is located between Routes 53 and 3. The site is zoned Business District B, which also allows any use permitted by right in Residential District A. Site utilities include town water and a private septic system, and the property has two curb cuts providing multiple points of vehicular access. Surrounding uses include retail shopping and automobile-related businesses. The lot is configured to support a range of commercial and residential development and use types consistent with the applicable zoning regulations.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1924
Construction FRAME
Total area 3,444 SF
Lot 1.13 ac (49,221 SF)
APN PEMB M:E14 P:131
UPID US38-1567690

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hardware & Home Improvement

Location

218 Schoosett St Pembroke, MA 02359
Pembroke metro Census 508101 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$510k
Comparable Approach Comparable
$511k
Blend (final) Blend
$515k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2001
$325,000

Zoning & alternative use

Top alternative use upside
Retail stores $715,000 +13.9%
Auto repair, garage $710,000 +13.6%
Office building $695,000 +10.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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