Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    883 Washington St Attleboro, MA 02703-7548

    • Auto shops
    • 2,864 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $335,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0063751
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Auto shops

    Property Details for 883 Washington St

    Year built
    1931
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.59 lot acres
    Property size
    2,864 SF
    Zone code
    GB
    Property type
    Auto shops
    APN
    ATTL M:4 L:5
    APU
    ATTLM4L5

    Description

    This exceptional investment opportunity presents a multi-bay auto repair shop ideally situated on a corner lot at 883 Washington Street in Attleboro, Massachusetts, zip code 02703. The property, listed at $1,500,000, boasts a prime location along the busy Route 1, ensuring high visibility and substantial foot and vehicle traffic. The existing business includes a used car license and a state-approved inspection station, providing immediate revenue streams and established clientele. The building's configuration as a multi-bay auto repair shop allows for efficient workflow and ample space for various automotive services. The corner lot provides excellent accessibility and ample parking for customers and employees. This turnkey operation is ready for a new owner to step in and continue its success or to expand upon its existing foundation. The property's location in Attleboro, Bristol County, Massachusetts, offers a strong local market and convenient access to major transportation routes. This is a rare opportunity to acquire a well-established and profitable business in a high-demand area. The latitude and longitude coordinates are 41.9027099 and -71.3673573 respectively. This property is classified as retail and specifically as an auto shop.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $330,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $362,000
      Market price range: $184k - $434k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Attleboro
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.3676
    Latitude
    41.9026
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $9,028
    $357,200
    $112,500
    $469,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $180,000
      4,475 SF

      287 Turner St

      AUTO REPAIR, GARAGE • 4,475 SF
      287 Turner St, Attleboro, MA 02703-7738
      View Details
    • Value Estimation
      $470,000
      1,462 SF

      1806 County St

      AUTO REPAIR, GARAGE • 1,462 SF
      1806 County St, Attleboro, MA 02703-8106
      View Details
    • Value Estimation
      $285,000
      5,886 SF

      227 1st Blvd

      AUTO REPAIR, GARAGE • 5,886 SF
      227 1st Blvd, Attleboro, MA 02703-4215
      View Details
    • Value Estimation
      $300,000
      3,164 SF

      1815 County St

      AUTO REPAIR, GARAGE • 3,164 SF
      1815 County St, Attleboro, MA 02703-8105
      View Details
    • Value Estimation
      $285,000
      1,560 SF

      13 Irving Ave

      AUTO REPAIR, GARAGE • 1,560 SF
      13 Irving Ave, Attleboro, MA 02703-5928
      View Details
    • Value Estimation
      $285,000
      1,120 SF

      310 Main St

      AUTO REPAIR, GARAGE • 1,120 SF
      310 Main St, Attleboro, MA 02703-5834
      View Details

    Similar Nearby for Sale

    • $450,000

      Route 1 Attleboro Parking Lot

      Highly visible lot with dealer license and parking spaces.
      411 Washington St, Attleboro, MA 02703
      View Details
    • $3,200,000
      2,300 SF

      Retail Property on Washington Street

      Retail property for sale with 2,300 square feet of space.
      266 Washington St, Attleboro, MA 02703
      View Details
    • $755,000

      Fully Leased Mixed-Use Investment Property

      Mixed-use property with residential units and commercial space for sale.
      248 S Main St, Attleboro, MA 02703
      View Details
    • Contact for pricing
      15.00 Acres

      Former Retail Space in Attleboro

      Over 30,000 sqft retail space with loading docks.
      219 S Main St, Attleboro, MA 02703
      View Details
    • $594,900

      Versatile Mixed-Use Property in Attleboro

      Mixed-use property with strong rental income potential near downtown Attleboro.
      8 Holman St, Attleboro, MA 02703
      View Details
    • $439,900

      Spacious Two-Family Home in Attleboro

      Two-family home with renovation potential in a convenient location.
      464 S Main St, Attleboro, MA 02703
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,900 SF

      Retail Pad Sites Available

      Two pad sites available in front of a retail plaza.
      217 S Main St, Attleboro, MA 02703
      View Details
    • Contact for pricing
      31,000 SF

      Attleboro Retail Land Opportunity

      Prime 0.72-acre commercial lot for lease.
      561 Washington St, Attleboro, MA 02703
      View Details
    • Contact for pricing
      536,293 SF

      North Attleboro Marketplace Retail

      High-traffic retail space available in MA.
      1360 Washington St, Attleboro, MA 02703
      View Details
    • Contact for pricing
      41,388 SF

      Prime Retail Space, Route 1

      High-traffic location, multiple units available
      252 Washington St, Attleboro, MA 02703
      View Details
    • Contact for pricing
      441,041 SF

      Marketplace Square Retail Center

      Bristol County retail space available.
      251-287 Washington St, Attleboro, MA 02703
      View Details
    • $12 SF/Yr
      22,805 SF

      Attleboro Retail Space For Lease

      Prime Retail Space, High Traffic Area
      185 Washington St, Attleboro, MA 02703
      View Details
    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.
    883 Washington St
    Attleboro, MA 02703-7548
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.