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    476 Liberty St Hanson, MA 02341
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    Property profile & analytics

    476 Liberty St Hanson, MA 02341

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    • Retail properties & Spaces
    • 95,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Shaw's Pharmacy / Pharmacy
    • Shaw's / Grocery & Convenience Store / Food Market
    • Redbox / Cinema / (Bike/Boat/Book/etc) Store
    • FedEx OnSite / Postal Service / Courier Service
    • Western Union / Bank / Credit Union

    Property Details for 476 Liberty St

    Property size
    95,000 SF
    Property type
    Retail properties & Spaces

    Description

    Shaw's Plaza, located at 476 Liberty Street in Hanson, Massachusetts (zip code 02341), offers a prime retail opportunity. This 95,000 square foot multi-tenant shopping center boasts a prominent position in a thriving community. Currently, 15,560 square feet of retail space is available, presenting a unique chance for expansion or new business establishment. The plaza is anchored by Shaw's Supermarket, the only grocery store in Hanson and situated at least three miles from any competing grocery stores, ensuring a consistent flow of customers. This strategic location provides exceptional visibility from Liberty Street/Route 58, a major thoroughfare. The center features ample parking and four convenient entrances for easy access, enhancing the shopping experience for patrons. Plymouth County's strong demographics and the plaza's dominant position within Hanson make this an attractive investment for businesses seeking high visibility and a loyal customer base. The available space offers significant potential for a variety of retail uses, capitalizing on the high foot traffic generated by the anchor tenant and the overall convenience of the location. This is a rare opportunity to establish a presence in a thriving retail hub.

    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
    -70.8705
    Latitude
    42.0664

    Comparable in this City

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    • Value Estimation
      $690,000
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      1071 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,125 SF
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      2,208 SF

      169 Franklin St

      AUTO REPAIR, GARAGE • 2,208 SF
      169 Franklin St, Hanson, MA 02341-1806
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      2,084 SF

      507 Monponsett St

      SERVICE STATION (FULL SERVICE) • 2,084 SF
      507 Monponsett St, Hanson, MA 02341-2053
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    • Value Estimation by Request
      9,064 SF

      1486 Main St

      RESTAURANT • 9,064 SF
      1486 Main St, Hanson, MA 02341-1504
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    • Value Estimation by Request
      2,542 SF

      779th Monponsett St

      SHOW ROOM, WAREHOUSE • 2,542 SF
      779th Monponsett St, Hanson, MA 02341-2055
      View Details

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    476 Liberty St
    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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