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    Property profile & analytics

    1011-1057 Main St Hanson, MA 02341

    • Warehouses
    • 70,148 SF
    • 2.05 lot acres
    For Sale
    View listing
    $1,900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 1011-1057 Main St

    Lot size
    2.05 lot acres
    Property size
    70,148 SF
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional investment opportunity presents a substantial 70,148-square-foot warehouse complex situated on a 2.05-acre lot in Hanson, Massachusetts. The property, located at 1011-1057 Main St, 02341, boasts eight individual buildings and offers ample parking with 20 spaces. Currently zoned for Business Flexible Overlay, this property presents significant potential. The asking price is $1,900,000, translating to a price per square foot of $27.09. Its strategic location directly across the street from the MBTA Hanson Station provides unique development possibilities. The existing buildings offer the chance to implement previously approved upgrade plans, or alternatively, to explore the potential for development leveraging the property's advantageous proximity to public transportation. This is a rare opportunity to acquire a substantial industrial property in a prime location with flexible zoning and significant upside potential. The property's size, building count, and location make it an attractive proposition for a variety of uses and investors. Don't miss this chance to capitalize on this price-improved offering.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Hanson
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.8788
    Latitude
    42.0424

    Comparable in this City

    • Value Estimation
      $655,000
      15,200 SF

      36 Industrial Blvd

      WAREHOUSE, STORAGE • 15,200 SF
      36 Industrial Blvd, Hanson, MA 02341-1576
      View Details
    • Value Estimation
      $3,550,000
      38,950 SF

      243 Franklin St

      WAREHOUSE, STORAGE • 38,950 SF
      243 Franklin St, Hanson, MA 02341-1535
      View Details
    • Value Estimation
      $2,575,000
      32,320 SF

      121 Franklin St

      WAREHOUSE, STORAGE • 32,320 SF
      121 Franklin St, Hanson, MA 02341-1806
      View Details
    • Value Estimation
      $2,940,000
      37,412 SF

      162 Industrial Blvd

      WAREHOUSE, STORAGE • 37,412 SF
      162 Industrial Blvd, Hanson, MA 02341-1538
      View Details
    • Value Estimation by Request
      8,504 SF

      Franklin St

      WAREHOUSE, STORAGE • 8,504 SF
      Franklin St, Hanson, MA 02341
      View Details
    • Value Estimation
      $510,000
      4,800 SF

      56 Liberty St

      WAREHOUSE, STORAGE • 4,800 SF
      56 Liberty St, Hanson, MA 02341-1128
      View Details

    Similar Nearby for Sale

    • $1,900,000
      70,148 SF

      Hanson Warehouse: Prime Flex Zoning

      70,148 SF Warehouse, 8 Buildings, $1.9M
      1011-1057 Main St, Hanson, MA 02341
      View Details
    • Contact for pricing
      42,500 SF

      Hanson Warehouse with Outdoor Storage

      42,500 SF warehouse featuring dock doors and generator.
      121 Franklin St, Hanson, MA 02341
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    • Contact for pricing
      61,300 SF

      Multi-Tenant Industrial Portfolio For Sale

      61,300 SF industrial portfolio, 100% occupied with short-term leases.
      Hanson, MA 02341
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    • Contact for pricing

      Land Near Hanson MBTA Station

      2.05 acres of commercial land near public transportation.
      1011-1057 Main St, Hanson, MA 02341
      View Details
    • Contact for pricing

      Commercial/FLEX Property Across From Station

      Renovated commercial property with high visibility and convenient location.
      1131 Main St, Hanson, MA 02341
      View Details
    • $750,000
      0.91 Acres

      Hanson Commercial Building - Huge Potential

      Prime Hanson location, 4000+ sq ft, ample parking.
      4 Washington St, Hanson, MA 02341
      View Details
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    Hanson, MA 02341
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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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