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

    40 Grissom Rd Plymouth, MA

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

    Flexible units ideal for industrial, warehouse, or distribution operations.

    Type:FLEX_R_AND_D
    Property size:
    4,213 SF
    Lot size:
    12.86 Acres
    Added:
    Aug 6, 2025
    Days on Market:
    268
    Last Refresh:
    Apr 5 at 9:34 pm

    Property Features for 40 Grissom Rd

    General Information

    Standard status
    Active
    Size
    4,213 SF
    Lot size
    12.86 Acres
    Property subtype
    FLEX_R_AND_D

    Spaces For Lease

    at 40 Grissom Rd Contact us

    We can help!

    Listing Contact
    Megan Bettencourt

    Listing agent Megan Bettencourt License #9555582

    Listing office Unicorn Realty

    Listing date Aug 6, 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 Unicorn Realty

    Overview

    Versatile Commercial Space For Lease

    Located at 40 Grissom Road, this property offers flexible commercial space suitable for light industrial, warehouse, distribution, or service-oriented operations. Units range from 1,624 to 4,213 square feet. The building features high ceilings, a drive-in door, loading access, and well-maintained office areas. Ample on-site parking is available. The property is strategically situated minutes from major highways, providing excellent connectivity to surrounding towns and regional transportation routes. This location is suitable for an individual contractor to house their business.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    MB Performance Institute, ... Gym & Fitness Center Plimoth Produce Big Box & Wholesale Store SmartPak Equine Corporate Office TA Fitness Plymouth Gym & Fitness Center Jones Artisan Concrete ... General Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.69
    Latitude
    41.9572

    Nearby Similar for Lease

    • $900/Mo

      Updated Office Space For Rent

      Updated office space featuring two offices and a private bathroom.
      488 State Road, Plymouth, MA 02360
      View Details
    • $2,000/Mo

      Downtown Plymouth Professional Office Space

      Prime downtown office space with courtyard, roof deck access.
      101 Court St 5, Plymouth, MA 02360
      View Details
    • $5,700/Mo

      Restaurant Space in Downtown Plymouth

      Restaurant space for rent in downtown Plymouth with street visibility.
      15-17 Court Street, Plymouth, MA 02360
      View Details
    • $15 SF/Yr

      Functional Flex Space with Office

      Flex space with office, warehouse, and loading docks.
      118 Long Pond Rd, Plymouth, MA 02360
      View Details
    • $600/Mo

      Downtown Plymouth Office Spaces Available

      Multiple office spaces for rent in historic downtown Plymouth.
      100 Court St #8, Plymouth, MA 02360
      View Details
    • $2,600/Mo

      Modern Workspace in Commerce Location

      Modern workspace suitable for various businesses in a high-traffic area.
      54 Holman Rd #Bldg D, Plymouth, MA 02360
      View Details
    • $3,000/Mo

      Class A Office Space Available

      High-traffic Plymouth office space ready for immediate occupancy.
      5 Natalie Way #B, Plymouth, MA 02360
      View Details
    • $3,000/Mo

      Class A Office Space Plymouth

      One-level Class A office space in high-traffic area.
      5 Natalie Way B, Plymouth, MA 02360
      View Details
    • $2,800/Mo

      Downtown Plymouth Retail Space Available

      Retail space in downtown Plymouth with renovation potential.
      19-23B Court Street, Plymouth, MA 02360
      View Details
    • $950/Mo

      Affordable Commercial Unit on Route 3A

      Updated commercial unit with high visibility and all utilities included.
      2277 State Rd #J, Plymouth, MA 02360
      View Details
    • $1,380/Mo

      Office Space in Plymouth Park

      Office space available for immediate occupancy in Plymouth, Massachusetts.
      6 Resnik Road #204, Plymouth, MA 02360
      View Details
    • $3,500/Mo

      Downtown Plymouth Commercial Space Available

      Versatile space suitable for retail or office use.
      145 Court St #1, Plymouth, MA 02360
      View Details

    FAQs

    What type of property is this?
    Flex space - Flexible units ideal for industrial, warehouse, or distribution operations.
    Where is this flex space located?
    The property is located at 40 Grissom Rd Plymouth, MA.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Flexible units ranging from 1,624 to 4,213 square feet suitable for various business operations.; Strategically located minutes from major highways, offering excellent connectivity.; Ample on‑site parking available.
    (781) 608-9681 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Megan Bettencourt
    Real Estate License ID: 9555582
    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!