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

    6 Wilkins Dr Plainville, MA 02762

    • Commercial real estate
    • 1.54 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 6 Wilkins Dr

    Year built
    1978
    Lot size
    1.54 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional commercial property presents a fantastic opportunity for entrepreneurs and businesses seeking a prime location in the thriving town of Plainville, Massachusetts. Situated at 6 Wilkins Drive, Unit 202, this 800 square foot space offers a versatile layout ideal for a variety of commercial uses. The property includes a convenient bathroom, adding to its functionality and appeal. Beyond the building itself, the property boasts a substantial 1.54-acre lot, providing ample space for potential expansion, outdoor activities, or additional parking. Plainville is renowned for its welcoming community and vibrant local business scene, offering a supportive environment for growth and success. This property's strategic location provides easy access to major transportation routes, ensuring convenient commutes for employees and clients alike. The asking price of $104,000 represents an exceptional value for a commercial property of this size and location, making it an attractive investment opportunity. Don't miss this chance to establish or expand your business in this desirable and dynamic community. The property is ready for immediate occupancy, allowing for a swift and seamless transition into your new commercial space. Contact us today to schedule a viewing and explore the possibilities this property offers.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Plainville
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.3065
    Latitude
    42.0089

    Comparable in this City

    • Value Estimation
      $1,895,000
      11,944 SF

      16 Washington St

      SHOW ROOM, WAREHOUSE • 11,944 SF
      16 Washington St, Plainville, MA 02762-2641
      View Details
    • Value Estimation by Request
      5.58 Acres

      79 Madison St

      COMMERCIAL (GENERAL) • 5.58 Acres
      79 Madison St, Plainville, MA 02762
      View Details
    • Value Estimation by Request
      5.51 Acres

      46 Washington St

      COMMERCIAL (GENERAL) • 5.51 Acres
      46 Washington St, Plainville, MA 02762-2636
      View Details
    • Value Estimation
      $2,100,000
      24,455 SF

      22 Commerce Blvd

      SHOW ROOM, WAREHOUSE • 24,455 SF
      22 Commerce Blvd, Plainville, MA 02762-1544
      View Details
    • Value Estimation by Request
      0.60 Acres

      56 Washington St

      COMMERCIAL (GENERAL) • 0.60 Acres
      56 Washington St, Plainville, MA 02762-2636
      View Details
    • Value Estimation
      $745,000
      4,144 SF

      145 Washington St

      SHOW ROOM, WAREHOUSE • 4,144 SF
      145 Washington St, Plainville, MA 02762-1309
      View Details

    Similar Nearby for Sale

    • $99,900
      15.75 Acres

      Plainville Land For Sale

      15.88 acres of land in Plainville, close to amenities.
      Berry St, Plainville, MA 02762
      View Details
    • Contact for pricing
      36,000 SF

      Plainville Industrial Warehouse on Acres

      36,000 SF industrial warehouse on 3.3 acres in Plainville, MA.
      Plainville, MA 02762
      View Details
    • $699,900

      Plainville Four-Family Investment Opportunity

      Four-unit multifamily property in Plainville, convenient location, updated systems.
      230 South St, Plainville, MA 02762
      View Details
    • New
      $230,000
      0.69 Acres

      Plainville Land Opportunity

      0.69 acre lot for new home construction.
      84 Messenger St, Plainville, MA 02762
      View Details
    • Contact for pricing
      36,000 SF

      Prime Plainville Warehouse - 36,000 SF

      Spacious Massachusetts warehouse, ideal for industrial use.
      31 Bacon St, Plainville, MA 02762
      View Details
    • $3,900,000

      Commercial Land Available

      Commercial land for sale in Plainville, Massachusetts.
      130 Washington St, Plainville, MA 02762
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      34,848 SF

      Renovated Office Space Available

      Completely renovated office space for rent, ready for occupancy.
      249 South St Unit, Plainville, MA 02762
      View Details
    • $2,300 /Mo

      Renovated Townhouse Style Apartment

      Newly renovated townhouse apartment near highway, outlets, library, and town hall.
      260 St B South, Plainville, MA 02762
      View Details
    • $12 SF/Yr

      Prime Commercial Space Available Now

      2,198 SF commercial space in busy Plainville strip mall.
      51 Man Mar Dr, Plainville, MA 02762
      View Details
    • Contact for pricing
      1,381 SF

      Plainville Retail Space For Lease

      Prime 1,381 SF Retail/Restaurant Space
      86 Taunton St, Plainville, MA 02762
      View Details
    • $20 SF/Yr
      34,848 SF

      Renovated Office Space Available

      Recently renovated office space for rent near Route 495.
      249 South St Unit, Plainville, MA 02762
      View Details
    • New
      $1,800 /Mo

      Plainville Office Suite For Lease

      Professional office suite for lease in prime Plainville location.
      30 Man-Mar Dr, Plainville, MA 02762
      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.
    6 Wilkins Dr
    Plainville, MA 02762
    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.