Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Permitted Land on Route 140 Title is generated by Realmo AI

    85 Mendon St, Bellingham, MA 02019

    View on Map
    Claim this Listing
    For Sale
    $1,400,000

    1.99 acre lot permitted for a 5000 sqft building.

    Type:Commercial
    Property size:
    5,000 SF
    Lot size:
    1.99 Acres
    Price / SF:
    $280/SF
    Added:
    Apr 9, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 9 at 7:22 am

    Property Features for 85 Mendon St

    General Information

    Standard status
    Active
    Size
    5,000 SF
    Lot size
    1.99 Acres
    Property subtype
    Commercial

    We can help!

    Listing Contact
    Diane Darrah Nordberg

    Listing agent Diane Darrah Nordberg

    Listing office

    Listing date Apr 9, 2026

    Source Elliman

    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 Diane Darrah Nordberg

    HighLights

    • Permitted and engineered 1.99‑acre lot ready for a 5000 sq. ft. single‑story restaurant/building.
    • Located on busy Rt 140 in Bellingham.
    • Town has full Restaurant Liquor licenses available.
    • Zoned for business.
    • Sprawling level lot with plenty of paved parking.
    • Opportunity to establish a business in the growing Town of Bellingham.

    Overview

    This 1.99-acre lot, located on Route 140 in Bellingham, is permitted and engineered for a 5000 sq. ft. single-story restaurant or building. The town has restaurant liquor licenses available. The property features a level lot with paved parking. Zoned for business, this land offers an opportunity to establish a business in Bellingham. The location has a bike score of 20, indicating it is somewhat bikeable, and a walk score of 26, indicating car-dependence.
    Location Intelligence

    Current Use by Public Records

    Pete's Bluebird Restaurant

    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
    Bellingham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.4844075
    Latitude
    42.086771

    Nearby Similar for Sale

    • $1,400,000
      5,000 SF

      Bellingham Commercial Land Opportunity

      1.99 acre lot permitted for a 5000 sqft building.
      85 Mendon St, Bellingham, MA 02019
      View Details
    • $850,000

      Bellingham Commercial Land on Rt. 140

      1.63 acres of commercial land with development plan.
      123-125 Mendon St, Bellingham, MA 02019
      View Details
    • $525,000
      1,320 SF

      Industrial/Retail Flex Space Available

      1,320 SF flex space with three drive-in bays.
      700 Pulaski Blvd, Bellingham, MA 02019
      View Details
    • $850,000

      Bellingham Land with Development Plan

      1.63 acres on Rt. 140 with approved development plans.
      123-125 Mendon St, Bellingham, MA 02019
      View Details
    • $1,400,000
      5,000 SF

      Permitted Land on Route 140

      1.99-acre lot permitted for a 5,000 sq ft building.
      85 Mendon St, Bellingham, MA 02019
      View Details
    • $1,400,000
      5,000 SF

      Permitted Land on Route 140

      1.99-acre lot permitted for a 5,000 sq ft building.
      85 Mendon St, Bellingham, MA 02019
      View Details
    • $1,500,000

      Commercial Parcel on Pulaski Boulevard

      1.38-acre commercial parcel with frontage on three streets.
      270 Pulaski Blvd, Bellingham, MA, MA 02019
      View Details
    • $299,900

      Commercial Property with Rehab Potential

      Value-add opportunity with commercial potential near Rt. 495.
      11 Summer St, Bellingham, MA 02019
      View Details
    • $1,400,000

      Permitted Land on Route 140

      1.99 acre lot permitted for a 5000 sqft building.
      85 Mendon St, Bellingham, MA, MA 02019
      View Details
    • $525,000
      1,320 SF

      Industrial/Retail Flex Property For Sale

      1,320 SF industrial/retail flex property with three drive-in bays.
      700 Pulaski Blvd, Bellingham, MA 02019
      View Details
    • $499,999

      Three-Unit Multifamily Investment Opportunity

      Three-unit property with vacant units, ideal for investors.
      103 Norfolk St, Bellingham, MA 02019
      View Details
    • Contact for pricing
      1 SF

      Bellingham Commercial Land For Sale

      1.27 acre corner lot near Rhode Island border.
      340 South Main Street, Bellingham, MA, 02019
      View Details

    FAQs

    What type of property is this?
    Commercial land - 1.99 acre lot permitted for a 5000 sqft building.
    Where is this commercial land located?
    The property is located at 85 Mendon St Bellingham, MA.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Permitted and engineered 1.99‑acre lot ready for a 5000 sq. ft. single‑story restaurant/building.; Located on busy Rt 140 in Bellingham.; Town has full Restaurant Liquor licenses available.
    (508) 901-0854
    We can help!
    Listing Contact
    Diane Darrah Nordberg
    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
    85 Mendon St, Bellingham, MA 02019
    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!