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    1395 Main St Randolph, MA 02368-1768

    • Super regional malls
    • 25,203 SF
    • 1.62 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0558826
    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

    • Regional Home Care / Home Health Care Service
    • The Loft @ La Novita Salon / Hair Extension Technician / Massage Spa
    • Aqua Dental / Cosmetic Dentist / Dental Implants Periodontist
    • Gateway Plaza / Dental Clinic
    • Bank of America ATM / Atm

    Property Details for 1395 Main St

    Year built
    1956
    Construction
    STEEL FRAME
    Lot size
    1.62 lot acres
    Property size
    25,203 SF
    Zone code
    BHRD
    Property type
    Super regional malls
    APN
    RAND M:02 B:D L:00808
    APU
    RANDM02BDL00808

    Description

    Gateway Plaza, located at 1395 N Main St in Randolph, MA (zip code 02368), presents a prime retail space totaling 2,450 square feet. This single-suite property is situated at a signalized intersection, offering exceptional visibility and accessibility. The location boasts direct access to I-93 and prominent placement on Route 28 (N Main Street), ensuring high traffic volume and exposure to a substantial customer base. The property is ideal for a variety of retail uses, including but not limited to restaurants, service businesses, or office space. The space is currently vacant and ready for immediate occupancy. Strong co-tenancy adds to the property's appeal, with established businesses such as Dunkin', La Novita Salon and Spa, Aqua Dental, HMS, and Bank of America nearby. This presents a unique opportunity to establish a business in a thriving commercial area with excellent visibility and convenient access to major transportation routes. The minimum divisible space is 2,450 square feet, and the maximum contiguous space available is also 2,450 square feet.

    Value Estimations

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0622
    Latitude
    42.2017
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH 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
    $85,332
    $1,272,000
    $2,577,000
    $3,849,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $9,365,000
      60,368 SF

      45 Mazzeo Dr

      REGIONAL SHOPPING CENTER, MALL • 60,368 SF
      45 Mazzeo Dr, Randolph, MA 02368-3401
      View Details
    • Value Estimation by Request
      22,301 SF

      32 Main St

      REGIONAL SHOPPING CENTER, MALL • 22,301 SF
      32 Main St, Randolph, MA 02368-4835
      View Details
    • Value Estimation by Request
      28,754 SF

      2 Mazzeo Dr

      REGIONAL SHOPPING CENTER, MALL • 28,754 SF
      2 Mazzeo Dr, Randolph, MA 02368-3402
      View Details
    • Value Estimation by Request
      20,445 SF

      21 Condlin Dr

      REGIONAL SHOPPING CENTER, MALL • 20,445 SF
      21 Condlin Dr, Randolph, MA 02368-4000
      View Details
    • Value Estimation by Request
      7,402 SF

      892 Main St

      REGIONAL SHOPPING CENTER, MALL • 7,402 SF
      892 Main St, Randolph, MA 02368-3039
      View Details
    • Value Estimation by Request
      17,150 SF

      340 Main St

      REGIONAL SHOPPING CENTER, MALL • 17,150 SF
      340 Main St, Randolph, MA 02368-4173
      View Details

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    Similar Nearby for Lease

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      40,074 SF

      Prime Retail Space - Norfolk County

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    • $20 SF/Yr
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      Randolph Retail End Cap Space

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    • Contact for pricing
      11,000 SF

      Prime Randolph Retail Space

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      View Details
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    1395 Main St
    Randolph, MA 02368-1768
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    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.

    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
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