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    685 Washington St Attleboro, MA 02703
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    685 Washington St Attleboro, MA 02703

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    • Retail properties & Spaces
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    • Retail properties & Spaces

    Property Details for 685 Washington St

    Property type
    Retail properties & Spaces

    Description

    This exceptional 1,200 square foot retail space at 685 Washington Street in Attleboro, Bristol County, presents a unique opportunity for a variety of businesses. Currently configured as a clothing store, the property offers a flexible, open floor plan easily adaptable to diverse uses. The single-tenant occupancy allows for complete customization to suit individual business needs. A full basement provides substantial storage, workspace, or potential for expansion, adding significant value to the property. The location boasts high visibility and excellent accessibility within a well-trafficked area, ensuring strong foot traffic and customer exposure. Ideal for a boutique, fitness studio, café, wellness center, professional office, or specialty shop, this property offers the perfect blend of versatility and prime location to support business growth. The space is ready for immediate occupancy and presents a compelling opportunity for businesses seeking a thriving location in Attleboro. The property's adaptable layout and ample basement storage make it an attractive option for a range of commercial ventures. Don't miss this chance to secure a prominent location in a busy area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Attleboro
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.364
    Latitude
    41.9088

    Comparable in this City

    • Value Estimation by Request
      441,041 SF

      251-287 Washington St

      Retail properties & Spaces • 441,041 SF
      251-287 Washington St, Attleboro, MA 02703
      View Details
    • Value Estimation
      $1,230,000
      4,884 SF

      718 Washington St

      DEPARTMENT STORE • 4,884 SF
      718 Washington St, Attleboro, MA 02703-6948
      View Details
    • Value Estimation
      $1,850,000
      10,336 SF

      191 Main St

      DEPARTMENT STORE • 10,336 SF
      191 Main St, Attleboro, MA 02703-1759
      View Details
    • Value Estimation
      $1,620,000
      12,020 SF

      70 Park St

      DEPARTMENT STORE • 12,020 SF
      70 Park St, Attleboro, MA 02703-2335
      View Details
    • Value Estimation
      $1,420,000
      22,805 SF

      185 Washington St

      DEPARTMENT STORE • 22,805 SF
      185 Washington St, Attleboro, MA 02703-5550
      View Details
    • Value Estimation
      $1,075,000
      4,887 SF

      850 Washington St

      DEPARTMENT STORE • 4,887 SF
      850 Washington St, Attleboro, MA 02703-7519
      View Details

    Similar Nearby for Sale

    • $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
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    • $12,500,000
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      Versatile Retail Plaza in Attleboro

      100,000+ sqft retail plaza with value-add potential.
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    • $12,500,000
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      Versatile Retail Plaza in Attleboro

      100,000+ sqft retail plaza with owner-user or investment potential.
      219 S Main St, Attleboro, MA 02703
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    • $12,500,000

      Attleboro Crossing Plaza Opportunity

      Versatile retail property with value-add potential in Attleboro, MA.
      219 South Main St, Attleboro, MA 02703
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    • Contact for pricing
      30,000 SF

      Former Retail Space in Attleboro

      Over 30,000 sqft retail space with loading docks.
      219 S Main St, Attleboro, MA 02703
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    • $12,500,000

      Attleboro Crossing Retail Plaza

      Versatile retail plaza with investment and owner-user potential.
      219 South Main St, Attleboro, MA 02703
      View Details

    Similar Nearby for Lease

    • $19 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
    • $5,000 /Mo

      Route 1 Retail Opportunity

      Retail space with high visibility on Route 1 available for rent.
      850 Washington St, Attleboro, MA 02703
      View Details
    • $18 SF/Yr

      Retail Space on Main Street

      Retail space suitable for salon or other retail business.
      6 S Main St, Attleboro, MA 02703
      View Details
    • Contact for pricing
      1,200 SF

      Attleboro Retail Space for Lease

      Versatile 1,200 sq ft retail space in Attleboro.
      685 Washington St, Attleboro, MA 02703
      View Details
    • Contact for pricing
      8,424 SF

      Retail Space on Route 1

      Retail space with high visibility on Route 1.
      1A Highland Ave, Attleboro, MA 02703
      View Details
    • Contact for pricing
      968 SF

      Retail Space on Washington Street

      Retail space available for rent on Washington Street.
      287 Washington St, Attleboro, MA 02703
      View Details
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    Attleboro, MA 02703
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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.

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