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

    193 Rockland St Hanover, MA 02339

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

    Retail, office, and flex spaces for lease in Hanover.

    Property size:
    6,100 SF
    Lot size:
    6,100 SF

    Property Features for 193 Rockland St

    General Information

    Standard status
    Active
    Size
    6,100 SF

    Building Details

    Year built
    1959

    We can help!

    Listing Contact
    Matthew Curran
    Source: Corcoran

    Listing Agency: Unicorn Realty Listing Agent: Matthew Curran

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

    Learn more

    Overview

    Retail and Office Spaces Available

    Located at a busy intersection of Rt. 139 and Rt. 53, this property offers multiple spaces for lease. One retail space is currently available, offering 800 square feet within a retail plaza anchored by CVS. A first-floor office space featuring a private bathroom is available with 1,680 square feet. Additionally, there is a second-floor office space comprising 1,200 square feet. A flex open space is also available, offering 2,400 square feet. Ample parking is available. One of the spaces previously accommodated a health and beauty tenant. The lease rate excludes utilities and property expenses. Flexible terms are offered.
    Location Intelligence

    Current Use by Public Records

    Shea Kathleen Medical Clinic Craig S. Tarantino, ... Physician Cleaner Spot (Bike/Boat/Book/etc) Store The Travel Center Travel Agency Meghan Buchanan, LICSW Foster Care Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanover
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.8211349
    Latitude
    42.1139233

    Nearby Similar for Lease

    • $1,466 /Mo
      2,400 SF

      Retail Space in Hanover Corridor

      Retail/office space with high visibility in a bustling commercial area.
      197 Rockland St, Hanover, MA 02339
      View Details
    • Contact for pricing
      3,024 SF

      Retail Building on Route 53

      Retail building with frontage on Route 53 for rent.
      785 Washington St, Hanover, MA 02339
      View Details
    • $20 SF/Yr

      New Retail/Office Space Available

      New construction retail/office space with frontage on Washington Street.
      965 Washington St, Hanover, MA 02339
      View Details
    • Contact for pricing
      300 SF

      Renovated Office with Route 53 Signage

      Newly renovated office space with high visibility and storage.
      1130 Washington St, Hanover, MA 02339
      View Details
    • Contact for pricing
      2,021 SF

      Retail Space in Merchants Row

      2,021 SF retail space available in Hanover, Massachusetts.
      2103 Washington St, Hanover, MA 02339
      View Details
    • Contact for pricing
      9,800 SF

      Retail End Cap Space Available

      9,800+ SF retail space with pylon sign available.
      35 Columbia Rd, Hanover, MA 02339
      View Details
    • Contact for pricing
      11,018 SF

      Retail Building with High Visibility

      Stand-alone retail building with signage and high traffic counts.
      1131 Washington St, Hanover, MA 02339
      View Details
    • Contact for pricing
      3,000 SF

      Route 53 Retail/Office Opportunity

      Mixed-use building with high visibility and flexible zoning.
      962 Washington St, Hanover, MA 02339
      View Details
    • Contact for pricing
      1,939 SF

      Retail Space Available For Lease

      Retail spaces available for lease with high traffic volume.
      1207 Washington St, Hanover, MA 02339
      View Details
    • Contact for pricing
      4,400 SF

      Retail Space Available Now

      4,400 SF retail space available for lease.
      1376 Washington St, Hanover, MA 02339
      View Details
    • Contact for pricing

      Hanover Office Spaces for Lease

      Office spaces available for lease on Route 139 in Hanover.
      269 Hanover St, Hanover, MA 02339
      View Details
    • Contact for pricing
      2,500 SF

      Hanover Flex Space with Loading

      Flex space with office, warehouse, and loading dock access.
      145-155 Webster St, Hanover, MA 02339
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail, office, and flex spaces for lease in Hanover.
    Where is this retail space located?
    The property is located at 193 Rockland St Hanover, MA.
    What are key features of this property?
    This property features: - High-traffic location at the intersection of Rt. 139 and Rt. 53.; - Anchor tenant CVS draws consistent customer flow.; - Ample parking available for customers and employees.
    (781) 659-2255
    Request Owner's contact information
    193 Rockland St Hanover, MA 02339
    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.
    193 Rockland St
    Hanover, MA 02339
    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
    193 Rockland St Hanover, MA 02339
    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

    We can help!
    Listing Contact
    Matthew Curran
    (781) 659-2255 (617) 686-2181
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!