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    1505 Washington St North Attleboro, MA 02760-4497

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    1505 Washington St North Attleboro, MA 02760-4497

    View on Map
    • Super regional malls
    • 97,027 SF
    • 12.02 lot acres
    Off-Market
    Last Sale Dec 11, 2024
    $12,547,000
    Property ID
    US38-0757856
    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.
    Value Estimations
    $12,545,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Super regional malls

    Property Details for 1505 Washington St

    Year built
    1994
    Construction
    STEEL FRAME
    Lot size
    12.02 lot acres
    Property size
    97,027 SF
    Zone code
    C60
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    NATT M:0027 B:0055 L:0000
    APU
    NATTM0027B0055L0000

    Description

    Cumberland Crossing, located at 1505 S Washington St in North Attleborough, MA 02760, presents a significant retail opportunity. This single-tenant, strip center property boasts a total of 68,000 square feet, with 50,000 square feet currently available for lease. The space is divisible, offering a minimum of 30,000 square feet and a maximum contiguous space of 50,000 square feet, providing flexibility for various retail concepts. Situated in Bristol County, this property benefits from high visibility and accessibility along S Washington St. The building's design is ideal for a large-format retailer or a business requiring substantial space. The property is classified as a commercial strip center, offering ample parking and convenient access for customers. This is a rare opportunity to secure a substantial retail space in a desirable location within a thriving community. The property's size and location make it an attractive option for businesses seeking to establish a strong presence in the North Attleborough market. Serious inquiries are encouraged to explore this exceptional leasing opportunity. The property is ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $12,545,000
      ML approach
      $12,545,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $16,931,000
      Market price range: $8.34M - $18.5M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $14,820,000
      Current use
      AUTO REPAIR, GARAGE
      $17,265,000
      Change: +17% Conversion: Difficult
      RETAIL STORES
      $15,920,000
      Change: +7% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $15,535,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $14,825,000
      Change: +0% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $14,455,000
      Change: -2% Conversion: Easy
      WAREHOUSE, STORAGE
      $12,835,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    North Attleboro
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.3534
    Latitude
    41.9335
    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
    $195,152
    $7,239,000
    $5,335,200
    $12,574,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $11,295,000
      142,061 SF

      1009 Washington St

      REGIONAL SHOPPING CENTER, MALL • 142,061 SF
      1009 Washington St, North Attleboro, MA 02760-3619
      View Details
    • Value Estimation
      $38,830,000
      741,896 SF

      999 Washington St

      REGIONAL SHOPPING CENTER, MALL • 741,896 SF
      999 Washington St, North Attleboro, MA 02760-3656
      View Details
    • Value Estimation
      $10,775,000
      89,242 SF

      1190 Washington St

      REGIONAL SHOPPING CENTER, MALL • 89,242 SF
      1190 Washington St, North Attleboro, MA 02760-3669
      View Details
    • Value Estimation by Request
      1,600 SF

      149 Washington St

      REGIONAL SHOPPING CENTER, MALL • 1,600 SF
      149 Washington St, North Attleboro, MA 02760-1707
      View Details
    • Value Estimation
      $500,000
      3,407 SF

      28 Washington St

      REGIONAL SHOPPING CENTER, MALL • 3,407 SF
      28 Washington St, North Attleboro, MA 02760-6007
      View Details
    • Value Estimation
      $1,860,000
      14,965 SF

      429 Washington St

      REGIONAL SHOPPING CENTER, MALL • 14,965 SF
      429 Washington St, North Attleboro, MA 02760-2138
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      60,277 SF

      473 E Washington St, North Attleborough, MA 02760

      Shopping centers • 60,277 SF
      473 E Washington St, North Attleborough, MA 02760
      View Details
    • Contact for pricing
      9,760 SF

      Mixed-Use Property For Sale

      Mixed-use property featuring retail, office, and industrial spaces.
      805 S Washington St, North Attleborough, MA 02760
      View Details
    • $1,695,000

      Retail Showroom and Storage Space

      Retail, showroom, and storage space on prominent Route 1.
      805 S Washington St, North Attleboro, MA 02760
      View Details
    • $749,900

      Well-Maintained Three-Unit Property

      Updated three-unit property in North Attleboro with excellent rental options.
      111 Division St, North Attleboro, MA 02760
      View Details
    • $729,900
      Pending

      North Attleboro Multi-Family Opportunity

      Three-unit multi-family property in a desirable North Attleboro location.
      84 Barrows St, North Attleboro, MA 02760
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space in North Attleborough

      Retail spaces available for lease with prominent co-tenants.
      40 Cumberland Ave, North Attleborough, MA 02760
      View Details
    • Contact for pricing

      Retail Space Near Emerald Square

      Retail spaces for rent near Emerald Square Mall and I-295.
      1174 S Washington St, North Attleborough, MA 02760
      View Details
    • Contact for pricing

      Emerald Square Mall Retail Space

      Retail spaces available in Emerald Square Mall.
      999 S Washington St, North Attleborough, MA 02760
      View Details
    • Contact for pricing

      Retail Leasing Opportunity

      Retail space for lease in North Attleboro, MA.
      473 E Washington St, North Attleborough, MA 02760
      View Details
    • Contact for pricing
      49,009 SF

      Red Rock Plaza Retail Center

      High-traffic retail space in North Attleborough, MA
      1385 Washington St Rt 1, North Attleborough, MA 02760
      View Details
    • Contact for pricing

      Retail Space on Route 1

      Retail space with high visibility on well-traveled Route 1.
      110 E Washington St, North Attleborough, MA 02760
      View Details
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    North Attleboro, MA 02760-4497
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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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