Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    27-Acre Parcel in Mansfield, MA Title is generated by Realmo AI

    451R Gilbert, Mansfield, MA 02048

    View on Map
    Claim this Listing
    Pending
    $650,000

    LAND - Mansfield, MA

    Lot size:
    27.67 Acres
    Added:
    Sep 29, 2024
    Days on Market:
    593
    Last Refresh:
    May 14 at 7:06 pm

    Property Features for 451R Gilbert

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    61F
    Standard status
    Pending
    APN
    2856728
    Lot size
    27.67 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Annual Amount
    3

    We can help!

    Listing Contact
    Jennifer Hoyt
    Jennifer Hoyt

    Listing agent Jennifer Hoyt

    Listing office Keller Williams Elite 1000 Franklin Village Dr, Suite106, Franklin, MA

    Listing date Sep 29, 2024

    MLS# 73296309 Listing URL

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • This 27‑acre parcel offers significant privacy and space to build your dream home.
    • Opportunity to build a custom estate.
    • Abundant wildlife on the property.
    • Enjoy a tranquil and private setting.
    • Perc work has been partially completed.
    • Potential for future road development.

    Overview

    This 27.67-acre parcel in Mansfield, MA, offers tranquility, privacy, and abundant wildlife, presenting a unique opportunity to build your dreams. Some perc work has been completed. The access point is across from Mansfield town wells. 50 feet of road frontage was reserved for road development; buyer to do their own due diligence. The property is zoned 61F.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Pharmacy Department Store Kitchen & Bath Showroom Electronics & Wireless Store Computer & Electronic Repair

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.251876
    Latitude
    41.981571

    Nearby Similar for Sale

    • $769,900
      2,740 SF

      Inviting Multifamily Residence Near Commuter Rail

      Three-unit property with historical charm and modern updates.
      39 Church Street, Mansfield, MA 02048
      View Details
    • $790,000
      2,717 SF

      Multifamily Property in Prime Location

      Well-located multifamily near downtown Mansfield, ideal for investors/owner-occupants.
      54 Church St, Mansfield, MA 02048
      View Details
    • $1,400,000
      2,579 SF

      Mansfield Commercial Property For Sale

      Commercial property with office, industrial yard, and cell tower.
      615 School St, Mansfield, MA 02048
      View Details
    • $340,000

      Design-Forward Commercial Space in Mansfield

      Striking commercial space with bold aesthetic, suitable for various uses.
      450 Chauncy St 5, Mansfield, MA 02048
      View Details
    • $1,400,000

      Industrial Property Near Cabot Park

      Industrial property with office, yard, and cell tower.
      615 School Street, Mansfield, MA 02048
      View Details
    • $675,000
      1,758 SF

      Mansfield Two-Family Near Commuter Rail

      Two-family property near commuter rail with development potential.
      7 Liberty Street, Mansfield, MA 02048
      View Details
    • $1,400,000

      Mansfield Commercial Property For Sale

      Mixed-use property with office, industrial yard, and cell tower.
      615 School St, Mansfield, MA 02048
      View Details
    • $1,500,000

      Downtown Mansfield Mixed-Use Building

      Charming commercial building with residential apartment and development potential.
      111-115 N Main St, Mansfield, MA 02048
      View Details
    • Contact for pricing
      113,037 SF

      High Bay Warehouse with Rail

      113,037 SF high bay warehouse with rail access available.
      31 Plymouth St, Mansfield, MA
      View Details
    • Contact for pricing

      Land For Lease

      Land available for lease in Mansfield, MA.
      875 S Main St, Mansfield, MA 02048
      View Details

    FAQs

    What type of property is this?
    Land - 27-acre parcel for creating your own estate with privacy.
    Where is this land located?
    The property is located at 451R Gilbert Mansfield, MA.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: This 27‑acre parcel offers significant privacy and space to build your dream home.; Opportunity to build a custom estate.; Abundant wildlife on the property.
    (508) 695-4545
    We can help!
    Listing Contact
    Jennifer Hoyt
    Jennifer Hoyt
    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
    451R Gilbert, Mansfield, MA 02048
    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!