Property profile

1899 Ocean St Marshfield, MA 02050

OFF-MARKET
Other commercial real estate
Property ID
US38-0666952
40,272 SF 1.33 ac lot Built 2008
Entity Owned 3-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a retail space comprising approximately 2,200 square feet. It is located within a lifestyle center adjacent to a grocery-anchored shopping center, and was constructed within the last 10 years. The site includes multiple parking areas and provides street frontage, and it is positioned along a roadway with an average daily traffic count of approximately 40,000 vehicles.

Property profile

Verified
Property type Other commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 2008
Construction FRAME
Total area 40,272 SF
Lot 1.33 ac (57,725 SF)
Zoning code B-1
APN MARS M:0H07 B:0004 L:018A
UPID US38-0666952

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Take-out & Catering Catering Service
  • Hair Salon
  • Dental Office
  • Hair Salon
  • Mobile Phone Store Electronics & Wireless Store

Location

1899 Ocean St Marshfield, MA 02050-3306
Marshfield metro Census 506202 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$8.29M
CAP Approach CAP
$5.99M
Comparable Approach Comparable
$5.29M
Blend (final) Blend
$8.65M

Owner & transaction history

since 2022
Last sale
$10.0M
1 recorded transaction
2022
$10.0M

Zoning & alternative use

B-1 · Marshfield, MA
Zoning description

Mixed-use building in the B-1 District (see § 305-11.16 ) - - - - S - - - - - - - - - 9. Affordable Village attached dwellings (see § 305-13.06 PMUD) *Affordable Village only in the WRPD within the PMUD - - - - - - - - -…

General category MIXED_USE
Top alternative use upside
Restaurant $10.6M +47.0%
Industrial (general) $9.1M +26.6%
Retail stores $8.4M +15.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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