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    Property profile & analytics

    1899 Ocean St Marshfield, MA 02050

    • Commercial real estate
    • 40,272 SF
    • 1.33 lot acres
    For Lease
    View listing
    Last Sale
    Dec 30, 2022
    $9,950,000
    Value Estimations
    $8,020,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0666952
    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

    • Bungalow Kitchen + Catering / Take-out & Catering / Catering Service
    • Just Jenny Hair / Hair Salon
    • Brace Yourself Modern Orthodontics / Dental Office
    • Lolita Studio / Hair Salon
    • Verizon / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 1899 Ocean St

    Year built
    2008
    Construction
    FRAME
    Lot size
    1.33 lot acres
    Property size
    40,272 SF
    Zone code
    B-1
    Property type
    Commercial real estate
    APN
    MARS M:0H07 B:0004 L:018A
    APU
    MARSM0H07B0004L018A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,645,000
      ML approach
      $8,290,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,485,000
      6.5%
      $5,985,000
      7%
      $5,560,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,292,000
      Market price range: $3.28M - $11.5M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $7,220,000
      Current use
      RESTAURANT
      $10,615,000
      Change: +47% Conversion: Difficult
      INDUSTRIAL (GENERAL)
      $9,145,000
      Change: +27% Conversion: Moderate
      RETAIL STORES
      $8,355,000
      Change: +16% Conversion: Easy
      AUTO REPAIR, GARAGE
      $8,325,000
      Change: +15% Conversion: Difficult
      OFFICE BUILDING
      $8,135,000
      Change: +13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshfield
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.7056
    Latitude
    42.0916
    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
    $63,230
    $1,140,100
    $4,945,600
    $6,085,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $900,000
      717 SF

      3 Proprietors Dr, Unit 4

      COMMERCIAL CONDOMINUIM • 717 SF
      3 Proprietors Dr, Marshfield, MA 02050-2193
      View Details
    • Value Estimation
      $1,370,000
      18,185 SF

      165 Enterprise Dr

      SHOW ROOM, WAREHOUSE • 18,185 SF
      165 Enterprise Dr, Marshfield, MA 02050-2132
      View Details
    • Value Estimation
      $970,000
      12,600 SF

      945 Ocean St

      COMMERCIAL (GENERAL) • 12,600 SF
      945 Ocean St, Marshfield, MA 02050-3642
      View Details
    • Value Estimation
      $540,000
      5,000 SF

      1705 Ocean St

      SHOW ROOM, WAREHOUSE • 5,000 SF
      1705 Ocean St, Marshfield, MA 02050-4948
      View Details
    • Value Estimation
      $505,000
      3,660 SF

      853 Pln St

      SHOW ROOM, WAREHOUSE • 3,660 SF
      853 Pln St, Marshfield, MA 02050-2113
      View Details
    • Value Estimation
      $535,000
      5,119 SF

      900 Webster St

      COMMERCIAL (GENERAL) • 5,119 SF
      900 Webster St, Marshfield, MA 02050-3419
      View Details

    Similar Nearby for Sale

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      0.22 Acres

      824 s.f. office building is currently divided into 8 office spaces

      4 up and 4 down
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      View Details
    • $2,500,000
      Pending

      Marshfield Office Building For Sale

      Office building with prime location, easy access, and good visibility.
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      Cleared Acres on High-Traffic Route

      Prime commercial land with high visibility and accessibility on Route 139.
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      10,018 SF

      Marshfield Rooming House For Sale

      15-room Marshfield rooming house with recent renovations and on-site manager.
      1122 Ocean St, Marshfield, MA 02050
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    • Contact for pricing

      Commercial Kitchen and Storage Space

      Commercial-grade kitchen and storage space suitable for food-related businesses.
      420 Furnace St, Marshfield, MA 02050
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      Marshfield Land with Development Potential

      4.5 acre parcel in Marshfield with development opportunities.
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      1,350 SF

      Professional Office Space Available

      First-floor office suite with furnished offices and open work area.
      25 Rockwood Rd, Marshfield, MA 02050
      View Details
    • Contact for pricing

      Professional Office Space For Rent

      Professional office space with on-site management and utilities included.
      1020 Plain St, Marshfield, MA 02050
      View Details
    • $1,000 /Mo
      600 SF

      Downtown Marshfield Office Space Available

      Office space in downtown Marshfield with ample parking.
      933 Webster St, Marshfield, MA 02050
      View Details
    • Contact for pricing
      6,300 SF

      Retail Space in Marshfield Center

      Retail space available in busy Marshfield shopping center.
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    • Contact for pricing
      1,681 SF

      Marshfield Office Condo For Rent

      1,681 SF office condo with private entry available for rent.
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      View Details

    Property Visit Statistics

    • Visits by month
      2.1k
    • Visitors by month
      1.8k
    • Avg Time on site
      33 min
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    Marshfield, MA 02050
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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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