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    Property profile & analytics

    15 Main St Bellingham, MA 02019-1548

    • Commercial real estate
    • 56,300 SF
    • 7.36 lot acres
    OFF-MARKET
    Last Sale
    Jul 16, 2021
    $3,765,000
    Value Estimations
    $5,075,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-2464278
    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

    • American Historic Coins & Collectibles / Antique Store / Collectibles Store
    • Day Dream Events / Event Planner
    • Family Dollar / Toy Store / Dollar Store
    • TC Performance Trainer / Gym
    • Janine B. Lariviere, LMHC / Counselor

    Property Details for 15 Main St

    Year built
    1978
    Construction
    STEEL FRAME
    Lot size
    7.36 lot acres
    Property size
    56,300 SF
    Zone code
    BUS2
    Property type
    Commercial real estate
    APN
    BELL M:0045 B:0048 L:0000
    APU
    BELLM0045B0048L0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,075,000
      ML approach
      $5,740,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,076,000
      Market price range: $5.08M - $14.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.4747
    Latitude
    42.0893
    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
    2017
    $55,534
    $927,100
    $2,582,700
    $3,509,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $475,000
      8,000 SF

      115 Mendon St

      SHOW ROOM, WAREHOUSE • 8,000 SF
      115 Mendon St, Bellingham, MA 02019-1569
      View Details
    • Value Estimation
      $515,000
      5,968 SF

      1001 Main St

      COMMERCIAL (GENERAL) • 5,968 SF
      1001 Main St, Bellingham, MA 02019-1826
      View Details
    • Value Estimation
      $60,000
      2,400 SF

      8 Ml St

      SHOW ROOM, WAREHOUSE • 2,400 SF
      8 Ml St, Bellingham, MA 02019-1542
      View Details
    • Value Estimation
      $875,000
      8,990 SF

      1271 Pulaski Blvd

      SHOW ROOM, WAREHOUSE • 8,990 SF
      1271 Pulaski Blvd, Bellingham, MA 02019-2126
      View Details
    • Value Estimation
      $380,000
      6,088 SF

      231 Pulaski Blvd

      SHOW ROOM, WAREHOUSE • 6,088 SF
      231 Pulaski Blvd, Bellingham, MA 02019-2400
      View Details
    • Value Estimation
      $845,000
      22,828 SF

      42 William Way

      COMMERCIAL CONDOMINUIM • 22,828 SF
      42 William Way, Bellingham, MA 02019-1527
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.27 Acres

      Bellingham Commercial Land Opportunity

      1.27 Acres, Prime Location
      340 Main St, Bellingham, MA 02019
      View Details
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      6.10 Acres

      Bellingham Commercial Land Opportunity

      6.1 Acres, Prime Redevelopment Site
      1114 Main St, Bellingham, MA 02019
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    • $375,000
      6,093 SF

      Unique Property in Growing Bellingham

      Flexible property suitable for various uses in a growing area.
      11 Summer St, Bellingham, MA 02019
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    • Contact for pricing

      Bellingham Corner Lot For Sale

      1.27 acre corner lot in Bellingham, near Rhode Island border.
      340 S Main St, Bellingham, MA 02019
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    • $330,000

      Multi-Family Three Unit Opportunity

      Three units needing complete rehab with enormous potential.
      60 Freeman St, Bellingham, MA 02019
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    • $148,000
      3.25 Acres

      Residential Lot in Bellingham, MA

      3.25-acre residential lot suitable for single-family or duplex home.
      2 Pulaski Blvd, Bellingham, MA 02019
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    Similar Nearby for Lease

    • Contact for pricing
      3,700 SF

      Retail Space on Mechanic Street

      Retail space available in Bellingham, near residential apartments.
      191 Mechanic St, Bellingham, MA 02019
      View Details
    • $12 SF/Yr
      34,600 SF

      Industrial Space on Route 140

      34,600 SF industrial space with highway access.
      27 S Maple St, Bellingham, MA 02019
      View Details
    • Contact for pricing
      124,200 SF

      Mechanic Street Warehouse Space

      124,200 SF warehouse space near Interstate 495.
      206 Mechanic St, Bellingham, MA 02019
      View Details
    • Contact for pricing
      14,600 SF

      Bellingham Industrial Space For Lease

      Versatile Manufacturing/Warehouse Space in MA
      19 Maple St, Bellingham, MA 02019
      View Details
    • Contact for pricing
      201,563 SF

      Bellingham Warehouse Space Available

      201,563 square foot warehouse space for lease.
      152 Depot St, Bellingham, MA 02019
      View Details
    • Contact for pricing
      50,000 SF

      Industrial Warehouse with Outdoor Storage

      50,000 sq ft warehouse with outdoor storage near Route 140.
      24 Williams Way, Bellingham, MA 02019
      View Details

    Property Visit Statistics

    • Visits by month
      539
    • Visitors by month
      414
    • Avg Time on site
      53 min
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    15 Main St
    Bellingham, MA 02019-1548
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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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