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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    124 Broad St Bridgewater, MA 02324-1740

    • Retail space
    • 2,012 SF
    • 0.21 lot acres
    OFF-MARKET
    Value Estimations
    $260,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0918885
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Retail space

    Property Details for 124 Broad St

    Year built
    2017
    Construction
    FRAME
    Lot size
    0.21 lot acres
    Property size
    2,012 SF
    Property type
    Retail space
    APN
    BRID M:021 L:122
    APU
    BRIDM021L122

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $260,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $259,000
      Market price range: $85.8k - $260k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $415,000
      Current use
      AUTO REPAIR, GARAGE
      $415,000
      Change: -0% Conversion: Difficult
      OFFICE BUILDING
      $405,000
      Change: -3% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Bridgewater
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9747
    Latitude
    41.9932
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $5,890
    $193,600
    $291,600
    $485,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $355,000
      5,220 SF

      12 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 5,220 SF
      12 Broad St, Bridgewater, MA 02324
      View Details
    • Value Estimation
      $335,000
      2,302 SF

      25 Broad St

      RETAIL STORES (PERSONAL SERVICES) • 2,302 SF
      25 Broad St, Bridgewater, MA 02324-1747
      View Details
    • Value Estimation
      $320,000
      7,475 SF

      220 Winter St

      RETAIL STORES (PERSONAL SERVICES) • 7,475 SF
      220 Winter St, Bridgewater, MA 02324-3053
      View Details
    • Value Estimation
      $260,000
      2,881 SF

      15 Central Sq

      RETAIL STORES (PERSONAL SERVICES) • 2,881 SF
      15 Central Sq, Bridgewater, MA 02324-2508
      View Details
    • Value Estimation
      $390,000
      3,600 SF

      985 Pleasant St

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      985 Pleasant St, Bridgewater, MA 02324-2329
      View Details
    • Value Estimation
      $435,000
      4,048 SF

      955 Pleasant St

      RETAIL STORES (PERSONAL SERVICES) • 4,048 SF
      955 Pleasant St, Bridgewater, MA 02324-3233
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,160 SF

      Industrial/Retail Space on Route 18

      Industrial and retail space on a 0.31-acre lot.
      210 Broad St, Bridgewater, MA 02324
      View Details
    • $524,900
      3,260 SF

      Mixed-Use Property in Bridgewater, MA

      Mixed-use property with restaurant and apartment near Bridgewater State.
      128 Broad St, Bridgewater, MA 02324
      View Details
    • $799,000

      Updated Multi-Unit Property on Acreage

      Well-maintained multi-unit property with updates and a large barn.
      86 Wall St, Bridgewater, MA 02324
      View Details
    • $159,000
      7.74 Acres

      Bridgewater Land with Development Potential

      7.74 acres of land with potential for development.
      Three Rivers Dr, Bridgewater, MA 02324
      View Details
    • $329,900
      1,011 SF

      Bridgewater Condo with Utilities Included

      Two-bedroom condo in desirable location with included utilities.
      220 Bedford St, Bridgewater, MA 02324
      View Details
    • $529,900

      Approved Lot Ready to Go

      Approved commercial lot for multiple businesses or units with garages.
      Lot 1 Ml, Bridgewater, MA 02324
      View Details

    Similar Nearby for Lease

    • New
      $17 SF/Yr
      109,336 SF

      Winter Place Commercial Units Available

      Two commercial units available for lease in Bridgewater, Massachusetts.
      755 Bedford St, Bridgewater, MA 02324
      View Details
    • Contact for pricing
      1,377 SF

      Campus Plaza Retail Center

      Bridgewater, MA Shopping Center - 1,377 SF Available
      179 Broad St, Bridgewater, MA 02324
      View Details
    • $15 SF/Yr
      56,000 SF

      Prime Industrial Space - Plymouth County

      56,000 SF Flex Space Near Route 24
      55 Scotland Blvd, Bridgewater, MA 02324
      View Details
    • $500 /Mo

      Professional Office Suite For Rent

      Private office in Bridgewater, MA with utilities included.
      525 Bedford 8, Bridgewater, MA 02324
      View Details
    • $500 /Mo

      Professional Office Suite in Bridgewater

      Private office space for lease in Bridgewater, MA.
      525 Bedford St, Bridgewater, MA 02324
      View Details
    • Contact for pricing
      10,000 SF

      Build-to-Suit Industrial Space in MA

      10,000 SF Manufacturing/Warehouse; 5 Acres
      0 Scotland Blvd, Bridgewater, MA 02324
      View Details
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    124 Broad St
    Bridgewater, MA 02324-1740
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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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