Add Listing
    For Lease
    • 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

    178 Oak Street Brockton, MA 2301

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    20,000 +/- SF land ideal for retail, restaurant, or bank.

    Type:V-COM, V-PAD, V-RET
    Lot size:
    0.46 Acres
    Added:
    Nov 8, 2023
    Days on Market:
    882
    Last Refresh:
    Apr 3 at 5:04 am

    Property Features for 178 Oak Street

    General Information

    Standard status
    Active
    Lot size
    0.46 Acres
    Property subtype
    V-COM, V-PAD, V-RET

    Spaces For Lease

    at 178 Oak Street Contact us

    We can help!

    Listing Contact
    Cesar A. Miranda, CCIM

    Listing agent Cesar A. Miranda, CCIM License #9051149, MA

    Listing office KW Commercial | Easton

    Listing date Nov 8, 2023

    Source Realnex

    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 KW Commercial | Easton

    Overview

    Land For Lease in Brockton

    This property offers approximately 20,000 square feet of land available for lease. It is an outparcel to the Oak Village Crossing Neighborhood Center, making it suitable for retailers, restaurants, or banks. The location is in the northwest section of Brockton, bordering the town of Avon. The site benefits from its proximity to Route 27 and Route 24 to Boston, as well as the Westgate Mall, which serves a large trade area in Metro South. Nearby established brands include the US Post Office, Webster Bank, Extra Space Storage, CVS, and Crown Uniform and Linen.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    East Insurance Agency Insurance Agency

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Brockton
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -71.0332196
    Latitude
    42.1007992

    Nearby Similar for Lease

    • Contact for pricing

      Route 123 Commercial Space

      High-visibility medical/office/retail space on Route 123 in Brockton.
      616 Centre unit: B, Brockton, MA 02302
      View Details
    • $1.00/mo

      Vibrant Retail Center in Brockton

      Retail and development opportunities in a high-traffic location.
      2071 Main St, Brockton, MA 02301
      View Details
    • Contact for pricing

      Retail Space in Brockton Center

      Retail space with easy access to major routes.
      200 Westgate Drive, Brockton, MA, 02301
      View Details
    • $20/mo

      Food Manufacturing Space For Sale

      21,900 SF move-in ready food manufacturing space.
      125 Liberty St, Brockton, MA
      View Details
    • Contact for pricing

      Prime Commercial Property For Lease

      Exceptional leasing opportunity with modern amenities and strategic location.
      71 Legion Pkwy, Brockton, MA
      View Details
    • Contact for pricing

      Fitness Center in Brockton, MA

      27,627 SF fitness center located near Westgate Mall.
      Brockton, MA 02301
      View Details
    • Contact for pricing

      Former Kmart Anchor Box Available

      94,605 SF former Kmart anchor box available for lease.
      2001 Main Street, Brockton, MA, 02301
      View Details
    • Contact for pricing

      Brockton Warehouse with Drive-In Door

      1,800 SF warehouse space featuring a 14' drive-in door.
      516 Montello St, Brockton, MA
      View Details
    • Contact for pricing

      Former Bank Space Available

      2,250 SF first-floor suite, former Bank of America.
      826 Belmont St, Brockton, MA
      View Details
    • Contact for pricing

      Brockton Office Space For Rent

      1,783 SF office space near medical facilities and public transit.
      348 N Pearl St, Brockton, MA
      View Details
    • Contact for pricing

      Brockton Warehouse Space Available

      20,565 SF warehouse space available for rent in Brockton.
      1010 West Chestnut Street, Brockton, MA
      View Details
    • Contact for pricing

      Retail Space in Crescent Plaza

      Retail space for lease in established Brockton shopping center.
      715 Crescent St, Brockton, MA
      View Details

    FAQs

    What type of property is this?
    Commercial land - 20,000 +/- SF land ideal for retail, restaurant, or bank.
    Where is this commercial land located?
    The property is located at 178 Oak Street Brockton, MA.
    What are key features of this property?
    This property features: 20,000 +/- SF of land for lease.; Outparcel to the Oak Village Crossing Neighborhood Center.; Ideal for retailers, restaurant, or bank.
    (508) 326-8306
    We can help!
    Listing Contact
    Cesar A. Miranda, CCIM
    Real Estate License ID: 9051149, MA
    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!