Building Details

Building Size 2,026 SF

Year Built 2026

Buildings 3

Listing Agency: Hartel Realty Show Phone

Listed By: Greg Hartel Show Phone

Source: Iverty

Added: Aug 20 Changed: Oct 6 Last Checked: Oct 7 at 1:05PM

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Investment Insights

Based on property information with market context.

The property includes three 7,500± SF warehouse buildings, each arranged with five approximately 1,500± SF units. Every unit includes a 12’ x 12’ high overhead door, propane heat, shared bathrooms, and floor drains connected to tight tanks. The buildings are designed with energy-efficient systems, including spray foam insulation, and are scheduled for construction in 2026.

The 1.99± acre site at 77 Spring Street in Plympton, Massachusetts, is served by well water and has 400 AMP single-phase electrical service. Zoning is GI—General Industrial. A condominium structure is pending creation, and mechanic shops are not allowed.

Key Highlights

• Three 7,500± SF buildings on a 1.99± acre site
• Five 1,500± SF units in each building
• 12’x12’ high overhead doors for each unit

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,203

Cap Rate

8.54%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$504,060 $504.1K

Cap Rate 7%

$360,043 $360.0K

Cap Rate 9%

$280,033 $280.0K

Market Conditions

NOI Build-Up for 2,026 SF

Gross rent

$32.3K $15.96/SF

− Vacancy

−$2.7K −$1.32/SF

EGI

$29.7K $14.64/SF

− OpEx

−$4.4K −$2.20/SF

NOI

$25.2K $12.44/SF

Area

Plymouth County, MA

Vacancy

8.30%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$504,060

Cap Rate 7%

$360,043

Cap Rate 9%

$280,033

Alternative Uses

Best Use

Warehouse

$360.0K

$315.0K – $420.1K (±1% cap)

NOI $25,203 @ 7.0% cap · market cap 8.54%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.20M

$1.05M – $1.40M (±1% cap)

NOI $83,957 @ 7.0% cap · market cap 28.46%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick HVAC Service Real Estate Agency Furniture & Home Goods Big Box & Wholesale Store Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 02367, MA

2,930

Population

1,253

Households

2.3

Avg Household Size

45

Median Age

36%

College-Educated

92%

High-School Grad

14.7 sq mi

ZIP Area

199

Density / Sq Mi

$119,750

Median Household Income

$55,463

Median Earnings

$402

Median Rent

$499,300

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Warehouse - Industrial condominium configuration with overhead doors, shared baths, and GI zoning.

Where is this warehouse located?

The property is located at 77 Spring Street Plympton, MA.

What is the asking price?

The asking price for this property is $295,000.

What are key features of this property?

This property features: Three 7,500± SF buildings on a 1.99± acre site; Five 1,500± SF units in each building; 12’x12’ high overhead doors for each unit