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

    160 Granite St Braintree, MA 02184

    • Retail space
    • 33,012 SF
    • 3.88 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1298419
    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

    • buybuy BABY / (Bike/Boat/Book/etc) Store / Clothing & Fashion Store

    Property Details for 160 Granite St

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    3.88 lot acres
    Property size
    33,012 SF
    Zone code
    HBD
    Property type
    Retail space
    APN
    BRAI M:2056 B:0 L:6H
    APU
    BRAIM2056B0L6H

    Description

    This exceptional retail property, located at 160 Granite Street in Braintree, Massachusetts, offers a substantial 34,240 square feet of vacant space. The property is classified as street retail within a single-tenant building, presenting a unique opportunity for a business seeking a significant presence in a bustling commercial area. Situated in Norfolk County, with a zip code of 02184, this location benefits from excellent visibility and accessibility. The building's total square footage mirrors the vacant space, indicating a completely available space ready for immediate occupancy. The property type is retail, ideal for a wide range of businesses seeking a large footprint. The address is 160 Granite Street, Braintree, MA, providing a prominent location within the community. This single-tenant occupancy allows for complete control and customization of the space to meet specific business needs. The property's size and location make it an attractive option for businesses seeking to establish or expand their operations in a high-traffic area of Braintree. The coordinates for the property are latitude 42.2246233 and longitude -71.0290691. This property is currently available for lease.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $9,365,000
      6.5%
      $8,645,000
      7%
      $8,025,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,634,000
      Market price range: $2.13M - $6.11M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $9,665,000
      Current use
      AUTO REPAIR, GARAGE
      $10,630,000
      Change: +10% Conversion: Difficult
      OFFICE BUILDING
      $9,685,000
      Change: +0% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $9,485,000
      Change: -2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $8,450,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Braintree
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0291
    Latitude
    42.2245
    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
    $172,876
    $4,394,300
    $4,142,800
    $8,537,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,315,000
      33,516 SF

      44 Granite St

      RETAIL STORES (PERSONAL SERVICES) • 33,516 SF
      44 Granite St, Braintree, MA 02184-1728
      View Details
    • Value Estimation
      $2,370,000
      12,894 SF

      178 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 12,894 SF
      178 Washington St, Braintree, MA 02184-1708
      View Details
    • Value Estimation
      $760,000
      4,185 SF

      21 Elm St

      RETAIL STORES (PERSONAL SERVICES) • 4,185 SF
      21 Elm St, Braintree, MA 02184-3270
      View Details
    • Value Estimation by Request
      20,021 SF

      150 Granite St

      RETAIL STORES (PERSONAL SERVICES) • 20,021 SF
      150 Granite St, Braintree, MA 02184-1747
      View Details
    • Value Estimation
      $1,130,000
      6,851 SF

      28 Commercial St, Unit 42

      RETAIL STORES (PERSONAL SERVICES) • 6,851 SF
      28 Commercial St, Braintree, MA 02184-4310
      View Details
    • Value Estimation
      $735,000
      3,635 SF

      15 Elm St

      RETAIL STORES (PERSONAL SERVICES) • 3,635 SF
      15 Elm St, Braintree, MA 02184
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17,348 SF

      Braintree Retail Storefront Opportunity

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      Newly built industrial warehouse suitable for storage, manufacturing, logistics, showroom.
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      Updated Two-Family Near Red Line

      Immaculate, updated two-family in prime Braintree location.
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    Similar Nearby for Lease

    • Contact for pricing
      6,868 SF

      Braintree Retail Space For Lease

      Prime 6,868 SF Retail Space in Braintree, MA
      44 Granite St, Braintree, MA 02184
      View Details
    • Contact for pricing
      4,100 SF

      Retail Space in Braintree, MA

      Retail space with high visibility and traffic.
      705-757 Granite St, Braintree, MA 02184
      View Details
    • $1,800 /Mo

      Renovated Duplex in Braintree Center

      Renovated duplex with open space, parking, and easy access.
      452 Washington St, Braintree, MA 02184
      View Details
    • Contact for pricing
      2,530 SF

      Retail Space in Braintree, MA

      Retail space available for lease in Braintree, Massachusetts.
      217-219 Quincy Ave, Braintree, MA 02184
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    • Contact for pricing
      2,910 SF

      Braintree Retail Space Available

      Retail space available for lease in Braintree, Massachusetts.
      293-295 Elm St, Braintree, MA 02184
      View Details
    • $5,906 /Mo
      3,375 SF

      Flex Building with Storage

      Flex building with retail, commercial, and storage space available.
      22 Quincy Ave, Braintree, MA 02184
      View Details
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    160 Granite St
    Braintree, MA 02184
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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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