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    55 Dr Brockton, MA 02301

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    55 Dr Brockton, MA 02301

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    • Office properties & Spaces

    Property Details for 55 Dr

    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional 7,210 square foot office space, located at 55 Christy's Drive in Brockton, Massachusetts, presents a unique opportunity for businesses seeking a fully furnished and immediately available workspace. Situated on the second floor of a modern building, this space is easily accessible via elevator. The property is classified as Executive, Traditional, and Creative Office space, making it suitable for a variety of business types. The versatile layout offers ample room for multiple tenants. Its convenient location in Plymouth County offers easy access to Route 24, ensuring seamless commutes for employees and clients. The proximity to Brockton Westgate Mall provides added convenience for shopping and dining. This turnkey solution allows businesses to move in and begin operations immediately, eliminating the need for extensive setup and furnishing. The space is designed to foster productivity and create a professional and inspiring work environment. This is an exceptional opportunity to establish a thriving business in a highly accessible and convenient location. The zip code is 02301.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brockton
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -71.0529
    Latitude
    42.089

    Comparable in this City

    • Value Estimation by Request
      675 SF

      71 Legion Pkwy Ste, Unit 30

      CONDOMINIUM OFFICES • 675 SF
      71 Legion Pkwy Ste, Brockton, MA 02301-7225
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    • Value Estimation by Request
      2,050 SF

      71 Legion Pkwy Ste, Unit 26

      CONDOMINIUM OFFICES • 2,050 SF
      71 Legion Pkwy Ste, Brockton, MA 02301-7225
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    • Value Estimation by Request
      2,325 SF

      71 Legion Pkwy Ste, Unit 31

      CONDOMINIUM OFFICES • 2,325 SF
      71 Legion Pkwy Ste, Brockton, MA 02301-7225
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    • Value Estimation by Request
      565 SF

      71 Legion Pkwy Ste, Unit 20

      CONDOMINIUM OFFICES • 565 SF
      71 Legion Pkwy Ste, Brockton, MA 02301-7225
      View Details
    • Value Estimation by Request
      2,283 SF

      71 Legion Pkwy Ste, Unit 15

      CONDOMINIUM OFFICES • 2,283 SF
      71 Legion Pkwy Ste, Brockton, MA 02301-7225
      View Details
    • Value Estimation by Request
      1,220 SF

      71 Legion Pkwy Ste, Unit 21

      CONDOMINIUM OFFICES • 1,220 SF
      71 Legion Pkwy Ste, Brockton, MA 02301-7225
      View Details

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      Furnished Office Space Available Now

      Modern, furnished office space with elevator access and highway proximity.
      55 Dr Christy's, Brockton, MA 02301
      View Details
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    55 Dr
    Brockton, MA 02301
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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.

    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
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    55 Dr, Brockton, MA, 02301

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