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

    124 Tpke St, Unit 2 West Bridgewater, MA 02379-1046

    • Industrial properties
    • 1,520 SF
    OFF-MARKET
    Last Sale
    May 08, 2023
    Value Estimations
    $230,000
    Show details
    Cap Rate Potential
    5.9%
    Industrial properties
    Location Intelligence
    Property ID
    US38-0321599
    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

    • Surfaceworx Inc. / Paint Store
    • TMH Machining & Welding / Machine Shop
    • Jones & Vining / Shoe Store
    • Richard Wright Ltd / Trucking Company
    • Transpro Courier / Courier Service

    Property Details for 124 Tpke St

    Year built
    1989
    Property size
    1,520 SF
    Property type
    Industrial properties
    APN
    EAST M:0037U B:0092 L:0000
    APU
    EASTM0037UB0092L0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $250,000
      6.5%
      $230,000
      7%
      $215,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $214,000
      Market price range: $61.6k - $261k
      AI Estimate
      $173,000
      Market price range: $46.3k - $208k

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $170,000
      Current use
      AUTO REPAIR, GARAGE
      $270,000
      Change: +57% Conversion: Easy
      RETAIL STORES
      $250,000
      Change: +45% Conversion: Moderate
      OFFICE BUILDING
      $230,000
      Change: +35% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $230,000
      Change: +35% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $225,000
      Change: +31% Conversion: Difficult
      WAREHOUSE, STORAGE
      $200,000
      Change: +17% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    West Bridgewater
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.0689
    Latitude
    42.0446
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 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
    $2,127
    $0.00
    $129,700
    $129,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $400,000
      2.72 Acres

      128 Main St

      INDUSTRIAL (GENERAL) • 2.72 Acres
      128 Main St, West Bridgewater, MA 02379-1295
      View Details
    • Value Estimation
      $270,000
      14.40 Acres

      Manley St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 14.40 Acres
      Manley St, West Bridgewater, MA 02379
      View Details
    • Value Estimation
      $250,000
      36.14 Acres

      463 Manley St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 36.14 Acres
      463 Manley St, West Bridgewater, MA 02379-1041
      View Details
    • Value Estimation
      $280,000
      35.17 Acres

      284 Riv St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 35.17 Acres
      284 Riv St, West Bridgewater, MA 02379
      View Details
    • Value Estimation
      $580,000
      16,739 SF

      63 Manley St

      LUMBERYARD, BUILDING MATERIALS • 16,739 SF
      63 Manley St, West Bridgewater, MA 02379-1016
      View Details
    • Value Estimation
      $1,210,000
      3,098 SF

      175 Ctr St

      MIXED USE (COMMERCIAL/INDUSTRIAL) • 3,098 SF
      175 Ctr St, West Bridgewater, MA 02379-1835
      View Details

    Similar Nearby for Sale

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      8,010 SF

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      8,010 SF industrial/flex space in West Bridgewater, Massachusetts.
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      Raw land lot available in West Bridgewater, Massachusetts.
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      Large Land Tract For Sale

      Large tract of raw land in prime West Bridgewater area.
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    • $1,550,000

      Turn Key Commercial Office Building

      14-unit office building on a corner lot with high visibility.
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    • $450,000
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      Residential Lot in West Bridgewater

      Large lot ready for custom home construction in West Bridgewater.
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    Similar Nearby for Lease

    • Contact for pricing
      5,400 SF

      West Bridgewater Warehouse For Lease

      5,400 SF Warehouse - Immediate Occupancy
      25 Turnpike St, West Bridgewater, MA 02379
      View Details
    • Contact for pricing
      210,600 SF

      West Bridgewater Warehouse Space Available

      210,600 square foot warehouse space for lease.
      45 Turnpike St, West Bridgewater, MA 02379
      View Details
    • $1.00 SF/Yr

      New Warehouse Space, Route 24

      Modern warehouse space with highway access, available Spring 2026.
      254 Pleasant St, West Bridgewater, MA 02379
      View Details
    • Contact for pricing
      50,000 SF

      West Bridgewater Flex / R&D Space

      Flex / R&D space available for lease in West Bridgewater.
      319 Manley St, West Bridgewater, MA 02379
      View Details
    • Contact for pricing

      Fenced Lot with Barn

      One-acre fenced lot with barn, ideal for various commercial uses.
      347 East St, West Bridgewater, MA 02379
      View Details
    • $1,987 /Mo

      Commercial Space on Route 106

      900 sq ft retail/office space near Route 24.
      120 Center St West, West Bridgewater, MA 02379
      View Details
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    West Bridgewater, MA 02379-1046
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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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