Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Reservoir St Avon, MA 02322
    Back to Search
    Property profile & analytics

    Reservoir St Avon, MA 02322

    View on Map
    • Commercial real estate
    • 4.59 lot acres
    For Sale
    $3,500,000
    View Listing →
    Avon, MA Development Land - 4.59 Acres For Sale
    $3,500,000

    Avon, MA Development Land - 4.59 Acres

    Rare Residential Zoning, High Visibility, Excellent Location

    Reservoir St, Avon, MA 02322
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for Reservoir St

    Year built
    1996
    Lot size
    4.59 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 4.59-acre property in Avon, MA, presents a unique investment opportunity. Boasting approximately 200,000 square feet and 393 feet of frontage on Reservoir Street, the land is zoned RES HD, permitting one dwelling unit per 4,000 square feet. The sale encompasses two parcels, offering significant development potential. The property benefits from existing Brockton city sewer and water access at the street, further enhanced by an approved connection to a neighboring 104-unit project. An easement provides access to 400 feet of frontage on Route 24, significantly improving accessibility and visibility. The versatile zoning allows for a wide range of uses, including various residential development options, retail opportunities, planned business development, and even wireless broadcast towers exceeding 100 feet in height. Its desirable location offers convenient commuting access to Route 24 and Route 93, providing easy access to Boston. The seller may consider owner financing options, and land leasing opportunities are also available. Prospective buyers are responsible for conducting their own due diligence.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Avon
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0604
    Latitude
    42.1063

    Comparable in this City

    • Value Estimation
      $3,900,000
      35,124 SF

      15 Stockwell Dr Ste, Unit 1

      COMMERCIAL CONDOMINUIM • 35,124 SF
      15 Stockwell Dr Ste, Avon, MA 02322-1172
      View Details
    • Value Estimation
      $1,050,000
      7,125 SF

      31 Memorial Dr

      SHOW ROOM, WAREHOUSE • 7,125 SF
      31 Memorial Dr, Avon, MA 02322-1918
      View Details
    • Value Estimation
      $655,000
      6.73 Acres

      20 Stockwell Dr

      COMMERCIAL (GENERAL) • 6.73 Acres
      20 Stockwell Dr, Avon, MA 02322-1178
      View Details
    • Value Estimation
      $5,730,000
      37,970 SF

      15 Stockwell Dr Ste, Unit 2

      COMMERCIAL CONDOMINUIM • 37,970 SF
      15 Stockwell Dr Ste, Avon, MA 02322-1172
      View Details
    • Value Estimation by Request
      10.00 Acres

      Harrison Blvd & Pond St

      Land • 10.00 Acres
      0 Harrison Blvd & Pond St, Avon, MA 02322
      View Details
    • Value Estimation
      $8,770,000
      92,240 SF

      100 Ladge Dr

      SHOW ROOM, WAREHOUSE • 92,240 SF
      100 Ladge Dr, Avon, MA 02322-1936
      View Details

    Similar Nearby for Sale

    • $3,500,000
      4.59 Acres

      Avon, MA Development Land - 4.59 Acres

      Rare Residential Zoning, High Visibility, Excellent Location
      Reservoir St, Avon, MA 02322
      View Details
    • $649,000

      Randolph/Avon Commercial Land Opportunity

      Fenced lot near Route 24, zoned for business/commercial use.
      4 N Main St, Avon, MA 02322
      View Details
    • Contact for pricing
      2,013 SF

      Spacious Avon Multifamily Home

      Spacious multifamily home in Avon with income potential.
      192 E Spring St, Avon, MA 02322
      View Details
    • Contact for pricing

      Spacious Avon Multifamily Home

      Conveniently located multifamily home in Avon with income potential.
      192 E Spring St, Avon, MA 02322
      View Details
    • $7,450,000

      Avon Commercial Property For Sale

      Commercial property available for sale in Avon, Massachusetts.
      20 Strafello Dr, Avon, MA 02322
      View Details
    • $4,750,000

      25 Acres Commercial Land Available

      25-acre commercial development lot with high visibility and traffic.
      Pond St, Avon, MA 02322
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,800 SF

      Industrial Warehouse Space Available

      5,800 sqft warehouse space for rent in Avon, MA.
      40 Strafello Dr, Avon, MA 02322
      View Details
    • Contact for pricing
      17,000 SF

      Retail Space in Avon, MA

      Retail space available in a busy Avon shopping center.
      20 Stockwell Dr, Avon, MA 02322
      View Details
    • Contact for pricing
      11,034 SF

      Retail Space in Avon Center

      Retail space available in busy Avon shopping center.
      15 Stockwell Dr, Avon, MA 02322
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Avon, Massachusetts.
      20 Stockwell Dr, Avon, MA 02322
      View Details
    • Contact for pricing
      5,200 SF

      Retail Space in Avon, MA

      Retail space with high visibility and ample parking.
      1 Harrison Blvd, Avon, MA 02322
      View Details
    • Contact for pricing

      Downtown Avon Land for Lease

      Land for lease in downtown Avon, build to suit.
      108 N Main St, Avon, MA 02322
      View Details
    View Listing
    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.
    Reservoir St
    Avon, MA 02322
    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

    Thank You for Inquiry
    Reservoir St, Avon, MA, 02322
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!