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    Property profile & analytics

    248 Great Rd Acton, MA 01720

    • Retail properties
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Donelan's Supermarket / Wine Store / Supermarket

    Property Details for 248 Great Rd

    Year built
    1972
    Property type
    Retail properties

    Description

    Gould's Plaza is a highly visible, Class B neighborhood shopping center built in 1972, anchored by Donelan's Supermarket. This 11-suite property offers a diverse tenant mix of local and regional businesses, creating a thriving retail environment. The center features ample parking with a total of 261 spaces, ensuring convenient access for customers. Prominent pylon and storefront signage opportunities are available, maximizing visibility for prospective tenants. The property boasts high traffic counts and strong demographics, making it an ideal location for a variety of retail, medical office, recreational, or service-related businesses. Currently, there is space available ranging from 3,500 to 12,000 contiguous square feet, with a minimum divisible space of 3,500 square feet. Property taxes are $2 per square foot. This popular local destination presents a unique opportunity for businesses seeking high visibility and strong customer traffic in a well-established shopping center. The property's location and established tenant base provide a solid foundation for future success.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Acton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4176
    Latitude
    42.4941

    Comparable in this City

    • Value Estimation
      $1,250,000
      8,592 SF

      467 Great Rd

      DEPARTMENT STORE • 8,592 SF
      467 Great Rd, Acton, MA 01720-4101
      View Details
    • Value Estimation
      $470,000
      13,756 SF

      279 Great Rd

      DEPARTMENT STORE • 13,756 SF
      279 Great Rd, Acton, MA 01720-4739
      View Details
    • Value Estimation
      $295,000
      2,538 SF

      37 Main St

      DEPARTMENT STORE • 2,538 SF
      37 Main St, Acton, MA 01720-3564
      View Details
    • Value Estimation
      $410,000
      9,130 SF

      83rd Great Rd

      DEPARTMENT STORE • 9,130 SF
      83rd Great Rd, Acton, MA 01720-5603
      View Details
    • Value Estimation
      $330,000
      5,946 SF

      63 Powdermill Rd

      DEPARTMENT STORE • 5,946 SF
      63 Powdermill Rd, Acton, MA 01720-5931
      View Details
    • Value Estimation
      $1,090,000
      9,610 SF

      2 School St

      DEPARTMENT STORE • 9,610 SF
      2 School St, Acton, MA 01720-3605
      View Details

    Similar Nearby for Sale

    • $1,500,000
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      Acton Mixed-Use Investment Opportunity

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    • $895,000
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      Retail Property in Acton, MA

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      Retail property with 4,233 square feet of space.
      178 Great Rd, Acton, MA 01720
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    • $1,100,000
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      Acton Retail Building - $1.1M

      Prime Acton retail space, owner-user opportunity.
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    • $1,500,000

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    Similar Nearby for Lease

    • Contact for pricing
      6,755 SF

      Acton Retail Center - Main St

      Prime Acton retail space available. Multiple units, flexible sizes.
      252 Main St, Acton, MA 01720
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    • Contact for pricing
      1,220 SF

      Retail Space in Acton Center

      Retail space available in a busy Acton shopping center.
      100 Powdermill Rd, Acton, MA 01720
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    • $21 SF/Yr
      3,000 SF

      Retail/Medical Space Near Route 2

      Freestanding building with retail/medical space, superb visibility, easy access.
      222 Main St, Acton, MA 01720
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    • Contact for pricing
      4,000 SF

      Prime Retail Space on Great Road

      Highly visible retail space in a heavily trafficked corridor.
      425 Great Rd, Acton, MA 01720
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    • Contact for pricing

      Retail Space Near Stop & Shop

      Retail space available near Stop & Shop and affluent communities.
      Acton, MA 01720
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    • Contact for pricing
      75,529 SF

      Acton Retail Center: Prime Location

      Upscale Shops, High Traffic, Great Road
      145 Great Rd, Acton, MA 01720
      View Details
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    248 Great Rd
    Acton, MA 01720
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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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