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    2555 G.a.r. Hwy Swansea, MA 02777
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    2555 G.a.r. Hwy, Swansea, MA 02777

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    • Lifestyle centers
    • 614,632 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 2555 G.a.r. Hwy

    Year built
    1950
    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional Swansea, MA investment opportunity presents a fully leased, multi-tenant retail portfolio spanning 614,632 square feet across two single-story buildings on a 16-acre lot. The property, located at 2555 G.A.R. Highway, boasts a prime location near major retailers such as Bristol Toyota and Cardis Furniture, ensuring high visibility and consistent traffic. Currently operating at 100% occupancy with three units under net leases, the portfolio offers a stable income stream with a remaining lease term of one year. Built in 1950, the property is zoned for general commercial use, presenting significant redevelopment potential for a savvy investor. The asking price is $4,200,000, translating to a price per square foot of $6.83. This property is ideal for investors seeking a strong return on investment with the added benefit of future development possibilities in a thriving commercial area. The existing structure comprises approximately 36,000 square feet of industrial/retail space, offering flexibility for various uses. This is a rare chance to acquire a substantial retail portfolio in a high-demand location with significant upside potential. The property's size and location make it an attractive prospect for long-term growth and value appreciation.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Swansea
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.2702
    Latitude
    41.7733

    Comparable in this City

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      1,522 SF

      367 Wilbur Ave

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      3,540 SF

      531 Wilbur Ave

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      3,928 SF

      1147 Gar Hwy

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      4,115 SF

      226 Ocean Grv Ave

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      960 SF

      377 Wilbur Ave

      DEPARTMENT STORE
      377 Wilbur Ave, Swansea, MA 02777-2440
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      6,816 SF

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      614,632 SF

      Industrial/Retail Property on 16 Acres

      Fully leased industrial/retail property with redevelopment potential.
      2555 G.a.r. Hwy, Swansea, MA 02777
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      3,145 SF

      Restaurant with Dual Drive-Thru Lanes

      High-visibility, free-standing restaurant available for sublease on busy Route 6.
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      Pending

      Commercial Retail/Office Investment Opportunity

      Contiguous commercial units with strong tenancy and high ROI.
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      37,872 SF

      Industrial/Retail Property For Sale

      16-acre industrial/retail property, fully leased, redevelopment potential.
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    Similar Nearby for Lease

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      800 SF

      Retail Space Near Swansea Mall

      Retail space available in Swansea, Massachusetts, near Swansea Mall.
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      Retail Space in Swansea Mall

      Retail space for lease in Swansea, Massachusetts shopping center.
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      Versatile Commercial Space in Swansea

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      2452 Gar Hwy, Swansea, MA 02777
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      Redeveloped Swansea Center Retail Space

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      Swansea Warehouse and Flex Space

      Warehouse and flex space available for lease in Swansea, MA.
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    Swansea, MA 02777
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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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