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

    182 Summer St Kingston, MA 02364

    • Commercial real estate
    • 28.58 lot acres
    For Lease
    View listing
    Last Sale
    Jun 29, 2022
    $1
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0223490
    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

    • Commercial real estate

    Property Details for 182 Summer St

    Lot size
    28.58 lot acres
    Property type
    Commercial real estate
    APN
    KING M:0019 B:0008
    APU
    KINGM0019B0008

    Description

    Kingsbury Plaza, located at 182 Summer Street in Kingston, Massachusetts (zip code 02364), presents a significant retail investment opportunity. This multi-tenant strip center boasts a substantial total building area of 134,789 square feet, currently featuring 1,640 square feet of readily available space. The property is situated in Plymouth County and enjoys a highly visible street presence, promising excellent exposure for prospective tenants. Ample parking is provided with 724 spaces, ensuring convenient access for customers and employees. The property's classification as a commercial strip center makes it ideal for a variety of retail businesses seeking a well-established location within a thriving community. The available space offers a chance to establish or expand a business in a prime retail area, benefiting from the existing infrastructure and high foot traffic. The property's location in Kingston, MA, provides access to a strong local market and convenient transportation links. This is a rare opportunity to secure a prominent retail space in a desirable location. The property is currently available for lease, offering a chance to capitalize on a well-established and successful retail center. Interested parties are encouraged to inquire for further details and leasing information. The property's size and parking capacity make it suitable for a range of retail concepts.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Kingston
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.7352
    Latitude
    42.0113
    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
    $232,598
    $8,292,400
    $10,008,000
    $18,300,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      1.42 Acres

      16 Joseph St

      COMMERCIAL (GENERAL) • 1.42 Acres
      16 Joseph St, Kingston, MA 02364
      View Details
    • Value Estimation by Request
      6.42 Acres

      6 Main St

      COMMERCIAL (GENERAL) • 6.42 Acres
      6 Main St, Kingston, MA 02364-2311
      View Details
    • Value Estimation
      $1,795,000
      21,482 SF

      17 Joseph St

      SHOW ROOM, WAREHOUSE • 21,482 SF
      17 Joseph St, Kingston, MA 02364-1122
      View Details
    • Value Estimation
      $590,000
      4,000 SF

      21 Marion Dr

      COMMERCIAL (GENERAL) • 4,000 SF
      21 Marion Dr, Kingston, MA 02364-2250
      View Details
    • Value Estimation
      $1,270,000
      4,868 SF

      54 Pembroke St, Unit 1

      COMMERCIAL CONDOMINUIM • 4,868 SF
      54 Pembroke St, Kingston, MA 02364-1104
      View Details
    • Value Estimation
      $555,000
      5,088 SF

      70 Summer St

      SHOW ROOM, WAREHOUSE • 5,088 SF
      70 Summer St, Kingston, MA 02364-1492
      View Details

    Similar Nearby for Sale

    • $455,000
      1,200 SF

      Kingston Commercial Property

      Mixed-use building, high traffic location
      5 Main St, Kingston, MA 02364
      View Details
    • $1,485,000
      4.27 Acres

      Kingston Development Opportunity

      54-Unit Residential Project, 4.27 Acres
      38 Crescent St, Kingston, MA 02364
      View Details
    • $1,875,000
      1.97 Acres

      Kingston Medical Office Building

      Prime Kingston location, multi-tenant office building.
      68 Evergreen St, Kingston, MA 02364
      View Details
    • $785,000

      Mixed-Use Property with Barn

      Mixed-use property featuring apartments, studios, and a two-story barn.
      228 Main St, Kingston, MA 02364
      View Details
    • $1,299,900

      Kingston Land Near Commuter Rail

      Approximately 10 acres near Kingston MBTA Commuter Rail.
      16 Copper Beech Dr./Marion Dr, Kingston, MA 02364
      View Details
    • $1,699,000
      12,000 SF

      Mixed-Use Building on Route 27

      Mixed-use property with retail, office, garage, and apartment.
      114 Pembroke St, Kingston, MA 02364
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      5,222 SF

      Kingston Retail Space For Lease

      Retail spaces available in community shopping center anchored by Stop&Shop.
      160 Summer St, Kingston, MA 02364
      View Details
    • $2,800 /Mo
      737 SF

      Downtown Commercial Space For Rent

      Renovated commercial space in a mixed-use building.
      41 Summer St, Kingston, MA 02364
      View Details
    • $1,600 /Mo

      Kingston Garage Building For Rent

      Garage building for contractors or storage near Route 3 highway.
      115R Main St, Kingston, MA 02364
      View Details
    • $2,100 /Mo
      1,000 SF

      Kingston Retail/Office Space Available

      1,000 SF retail/office space with open layout and accessibility.
      82 Main St, Kingston, MA 02364
      View Details
    • Contact for pricing
      1,640 SF

      Kingston Retail Space For Lease

      Retail spaces available in Kingston, anchored by major retailers.
      182 Summer St, Kingston, MA 02364
      View Details
    • $2,500 /Mo

      Downtown Commercial Space For Rent

      Recently renovated commercial space in a mixed-use building.
      41 Summer C, Kingston, MA 02364
      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.
    182 Summer St
    Kingston, MA 02364
    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.