Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    16-18 Renmar Ave, Unit 18 Walpole, MA 02081-1500

    • Manufacturing properties
    • 40,000 SF
    • 2.30 lot acres
    OFF-MARKET
    Last Sale
    Oct 31, 2023
    $7,750,000
    Value Estimations
    $7,820,000
    Show details
    Cap Rate Potential
    5.2%
    Manufacturing properties
    Location Intelligence
    Property ID
    US38-0686876
    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

    • Roll royce marine North America / Corporate Office

    Property Details for 16-18 Renmar Ave

    Year built
    1975
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.30 lot acres
    Property size
    40,000 SF
    Property type
    Manufacturing properties
    APN
    WALP M:00040 B:00002 L:00000
    APU
    WALPM00040B00002L00000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,250,000
      ML approach
      $7,840,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $7,090,000
      6.5%
      $6,545,000
      7%
      $6,080,000

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $6,560,000
      Current use
      AUTO REPAIR, GARAGE
      $12,880,000
      Change: +96% Conversion: Easy
      OFFICE BUILDING
      $11,735,000
      Change: +79% Conversion: Difficult
      RETAIL STORES
      $11,710,000
      Change: +79% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $11,490,000
      Change: +75% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $10,235,000
      Change: +56% Conversion: Difficult
      WAREHOUSE, STORAGE
      $6,915,000
      Change: +5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Walpole
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2726
    Latitude
    42.1343
    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
    $49,094
    $750,900
    $1,991,800
    $2,742,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $765,000
      15,750 SF

      350 Ww St

      MANUFACTURING (LIGHT) • 15,750 SF
      350 Ww St, Walpole, MA 02081-1634
      View Details
    • Value Estimation
      $1,010,000
      21,060 SF

      88 Production Rd, Unit 140

      MANUFACTURING (LIGHT) • 21,060 SF
      88 Production Rd, Walpole, MA 02081-1309
      View Details
    • Value Estimation
      $795,000
      20,576 SF

      72 Production Rd, Unit 80

      MANUFACTURING (LIGHT) • 20,576 SF
      72 Production Rd, Walpole, MA 02081-1309
      View Details
    • Value Estimation
      $395,000
      6,951 SF

      290 Stone St

      MANUFACTURING (LIGHT) • 6,951 SF
      290 Stone St, Walpole, MA 02081-3348
      View Details
    • Value Estimation
      $1,040,000
      12,002 SF

      455 Ss St

      MANUFACTURING (LIGHT) • 12,002 SF
      455 Ss St, Walpole, MA 02081-2716
      View Details
    • Value Estimation
      $920,000
      271,498 SF

      100 Elm St

      MANUFACTURING (LIGHT) • 271,498 SF
      100 Elm St, Walpole, MA 02081-1933
      View Details

    Similar Nearby for Sale

    • $599,000
      2,741 SF

      Industrial Property in Walpole, MA

      2,741 SF industrial property available for sale.
      474 High Plain St, Walpole, MA 02081
      View Details
    • Contact for pricing
      5.60 Acres

      Prime 5.6 Acre Commercial Land

      Highway-accessible land, ideal for development.
      0 Old Post Rd, Sharon, MA 02081
      View Details
    • $899,999

      Commercial Condo in Bustling Walpole

      Commercial condo with new roof, bay doors, and ample parking.
      410 High Plain St, Walpole, MA 02081
      View Details
    • $1,400,000

      14.43 Acres Wooded Land

      14.43 acres of wooded land ideal for developers.
      533 Lincoln Rd, Walpole, MA 02081
      View Details
    • Contact for pricing

      Prime Retail Pad Site

      1.09 acre retail pad site in Walpole, Massachusetts.
      1 Rte, Walpole, MA 02081
      View Details
    • Contact for pricing
      4.00 Acres

      Walpole Center: 4-Acre Assemblage

      Prime Walpole Commercial Land, High Visibility
      Assemblage Walpole Ctr, Walpole, MA 02081
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,896 SF

      Versatile Flex Space Available

      Adaptable flex space suitable for office, warehouse, medical, fitness.
      545 Street Cir S, Walpole, MA 02081
      View Details
    • $2,964 /Mo
      9,000 SF

      Commercial Shop Space Available

      Commercial shop space in Walpole, MA. Up to 9000 SF.
      276 South St, Walpole, MA 02081
      View Details
    • Contact for pricing
      1 SF

      Norfolk County Warehouse - 10 Acres

      Industrial Warehouse, Single Tenant, 10 Acres
      1801 Main St, Walpole, MA 02081
      View Details
    • $3,100 /Mo
      4,000 SF

      Industrial Space Available For Rent

      4,000 sq ft industrial property in Walpole, MA available.
      231 Norfolk St, Walpole, MA 02081
      View Details
    • $14 SF/Yr
      15,311 SF

      Walpole Warehouse Space Available

      15,311 square foot warehouse space for lease in Walpole.
      76 Production Rd, Walpole, MA 02081
      View Details
    • $13,600 /Mo
      8,000 SF

      Walpole Warehouse Units For Rent

      8,000 sqft warehouse with 4 units available July 1, 2025.
      120 Street Cir S, Walpole, MA 02081
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    16-18 Renmar Ave, Unit 18
    Walpole, MA 02081-1500
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.