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

    587 Centre St Brockton, MA 02302

    • Lifestyle centers
    • 78,000 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Jeld-Wen Windows & Doors / Window Supplier / Door Supplier
    • Top Insurance MA / Insurance Agency
    • Home Outlet / Door Supplier / Window Supplier
    • Surplus Warehouse / Home Improvement Store
    • Sunrise Steakhouse / Steak House

    Property Details for 587 Centre St

    Year built
    1971
    Property size
    78,000 SF
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    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
    -70.9956
    Latitude
    42.0851

    Comparable in this City

    • Value Estimation
      $1,105,000
      16,360 SF

      115 Commercial St

      FINANCIAL BUILDING • 16,360 SF
      115 Commercial St, Brockton, MA 02302-3138
      View Details
    • Value Estimation by Request
      1,484 SF

      276 Quincy St

      FINANCIAL BUILDING • 1,484 SF
      276 Quincy St, Brockton, MA 02302-3420
      View Details
    • Value Estimation by Request
      1,542 SF

      110 Leyden St

      NURSERY, GREENHOUSE, FLORIST • 1,542 SF
      110 Leyden St, Brockton, MA 02302-3826
      View Details
    • Value Estimation by Request
      1,888 SF

      672 Cres St

      DEPARTMENT STORE • 1,888 SF
      672 Cres St, Brockton, MA 02302-3360
      View Details
    • Value Estimation
      $2,540,000
      36,169 SF

      235 Ashland St

      REGIONAL SHOPPING CENTER, MALL • 36,169 SF
      235 Ashland St, Brockton, MA 02302-2006
      View Details
    • Value Estimation by Request
      1,658 SF

      664 Cres St

      RESTAURANT • 1,658 SF
      664 Cres St, Brockton, MA 02302-3360
      View Details

    Similar Nearby for Sale

    • $1,100,000
      6,350 SF

      Brockton Retail Strip Center For Sale

      6,350 SF retail strip center on 46,700 SF land.
      464-470 E Ashland St, Brockton, MA 02302
      View Details
    • $139,000

      Established Restaurant with Parking

      Long-term Chinese restaurant with ample parking and seating.
      185-187 Crescent St, Brockton, MA 02302
      View Details
    • $1,850,000

      Renovated Six-Unit Investment Property

      Cash-flowing, fully renovated six-unit property in Brockton with income potential.
      144 Ames St, Brockton, MA 02302
      View Details
    • $1,950,000

      Brockton Warehouse and Office Building

      Three-story building with basement, suitable for warehouse or office use.
      125 Perkins Ave, Brockton, MA 02302
      View Details
    • $719,777

      Two-Family Home on Corner Lot

      Two-family home with finished basement, near schools and transportation.
      99 Grove St, Brockton, MA 02302
      View Details
    • $875,000

      Spacious Three-Family with Character

      Comfortable living spaces, private porches, modern finishes, versatile lower level.
      37 Taylor Ave, Brockton, MA 02302
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,537 SF

      Retail Space in Crescent Plaza

      Retail space for lease in established Brockton shopping center.
      715 Crescent St, Brockton, MA 02302
      View Details
    • $1,700 /Mo
      10,232 SF

      Route 123 Commercial Space

      Prime medical/office/retail space with high visibility on Route 123.
      616 Centre St, Brockton, MA 02302
      View Details
    • $2,500 /Mo

      New Retail/Office Space Available

      900 sq ft retail/office space with prime frontage.
      155 Crescent St, Brockton, MA 02302
      View Details
    • $28 SF/Yr
      2,700 SF

      Retail Space Former 7-Eleven Site

      2,700 SF retail space available now in Brockton, MA.
      446 E Ashland St, Brockton, MA 02302
      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.
    587 Centre St
    Brockton, MA 02302
    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.