Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    219 Onset Ave Wareham, MA 02571

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    219 Onset Ave Wareham, MA 02571

    View on Map
    • Office properties & Spaces
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 219 Onset Ave

    Year built
    1920
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This 600-square-foot creative office space is located at 219 Onset Avenue, Unit C-1, in Wareham, MA, zip code 02571. The property is a Class B building, constructed in 1920 and renovated in 2018. It's situated in the Onset submarket, offering high visibility and foot traffic in a vibrant downtown location. The space is part of a two-story building with four total suites. This single-building property boasts ample parking in a rear lot and additional street parking. The unit is conveniently located near Onset Beach, the pier, gazebo, and public parking, with easy walking access to local restaurants like the Quahog Republic and Onset Beach Patio and Grille. Signage opportunities are available. Utilities are tenant-paid, and the lease is for a single space, although additional smaller suites may be available upon request. Note that food preparation requiring an ansul system is not permitted. The minimum leasable space is 600 square feet, and the maximum contiguous space is also 600 square feet. Taxes are not included in the lease. The cross street is Prospect Avenue.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wareham
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.6603
    Latitude
    41.7428

    Comparable in this City

    • Value Estimation by Request
      800 SF

      2527 Cranberry Hwyd4

      CONDOMINIUM OFFICES • 800 SF
      2527 Cranberry Hwyd4, Wareham, MA 02571-1046
      View Details
    • Value Estimation by Request
      1,939 SF

      40 Church Ave, Unit 11

      CONDOMINIUM OFFICES • 1,939 SF
      40 Church Ave, Wareham, MA 02571-2093
      View Details
    • Value Estimation by Request
      1,470 SF

      45 Main St Ste C3

      CONDOMINIUM OFFICES • 1,470 SF
      45 Main St Ste C3, Wareham, MA 02571-2152
      View Details
    • Value Estimation by Request
      624 SF

      45 Main St Ste C6

      CONDOMINIUM OFFICES • 624 SF
      45 Main St Ste C6, Wareham, MA 02571-2152
      View Details
    • Value Estimation by Request
      1,648 SF

      45 Main St Ste C2

      CONDOMINIUM OFFICES • 1,648 SF
      45 Main St Ste C2, Wareham, MA 02571-2152
      View Details
    • Value Estimation by Request
      307 SF

      40 Church Ave, Unit 2

      CONDOMINIUM OFFICES • 307 SF
      40 Church Ave, Wareham, MA 02571-2093
      View Details

    Similar Nearby for Sale

    • $1,400,000

      Wareham Office Buildings For Sale

      Two office buildings totaling 28,818 SF in Wareham, MA.
      2527 Cranberry Hwy, Wareham, MA 02571
      View Details
    • Contact for pricing

      Wareham Office Buildings For Sale

      Two office buildings totaling 28,818 SF in Wareham, MA.
      2527 Cranberry Hwy, Wareham, MA 02571
      View Details
    • $1,400,000

      Stonegate Professional Center Office Buildings

      Two office buildings totaling 28,818 SF in Wareham, MA.
      2527 Cranberry Hwy, Wareham, MA 02571
      View Details
    • Contact for pricing
      1,379 SF

      Commercial Property on Route 6

      Well-maintained commercial property with high visibility and traffic count.
      58 Sandwich Rd, Wareham, MA 02571
      View Details
    • Contact for pricing

      2.38 Acre Commercial Property

      2.38 acres with 7,884 SF building on Marion Road.
      161-167 Marion Rd, Wareham, MA 02571
      View Details
    • $288,900
      3.70 Acres

      Wareham Land Ready For Building

      3.7 acres of cleared land ready for new home.
      17 Station St, Wareham, MA 02571
      View Details

    Similar Nearby for Lease

    • $695 /Mo

      Street-Level Office Space Available

      Bright, corner office space in Wareham business district.
      191 Main St, Wareham, MA 02571
      View Details
    • Contact for pricing

      Refurbished Retail or Office Space

      High-visibility commercial space with flexible zoning and recent upgrades.
      2870 Cranberry Hwy, Wareham, MA 02571
      View Details
    • Contact for pricing

      Wareham Commercial Space For Rent

      Commercial space with updated amenities in a prime Wareham location.
      2747 Cranberry Hwy, Wareham, MA 02571
      View Details
    • $900 /Mo

      Street Level Corner Office Space

      Bright office space in Wareham business district available February 1.
      191 Main St, Wareham, MA 02571
      View Details
    • $900 /Mo
      1,000 SF

      Street Level Corner Office Space

      Bright 1000 SF office with conference room in Wareham.
      191 Main St, Wareham, MA 02571
      View Details
    • $2,500 /Mo

      Refurbished Commercial Space on Highway

      High-visibility commercial space suitable for retail or office use.
      2870 Cranberry Hwy, Wareham, MA 02571
      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.
    219 Onset Ave
    Wareham, MA 02571
    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

    219 Onset Ave, Wareham, MA, 02571

    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!