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    Property profile & analytics

    19 Park St Attleboro, MA 02703-2301

    • Office buildings
    • 44,580 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimations
    $850,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1122738
    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

    • Office buildings

    Property Details for 19 Park St

    Year built
    1938
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.23 lot acres
    Property size
    44,580 SF
    Zone code
    CB
    Property type
    Office buildings
    APN
    ATTL M:28 L:8
    APU
    ATTLM28L8

    Description

    This exceptional mixed-use property, located at 19 Park Street in Attleboro, Massachusetts, presents a compelling redevelopment opportunity. The 44,580 square foot building, constructed in 1938 and renovated in 1980, boasts a prime location in Attleboro's revitalizing downtown area, conveniently situated near the commuter rail. Currently operating at 75% occupancy, the five-story building is zoned for general business use and previously had approvals for conversion into a 23-unit multifamily complex with ground-floor commercial space. This represents a significant opportunity for investors seeking to capitalize on the growing demand for housing and commercial space in this vibrant Massachusetts community. The property is being sold as a package with 44 Park Street, offering an expanded development potential. The asking price is $2,900,000, translating to $65.05 per square foot. With its proximity to the commuter rail, providing easy access to Boston within 40 minutes, and its walkable location near restaurants, shops, and parks, this property offers a unique blend of investment potential and lifestyle appeal. The single building offers significant upside for a savvy investor looking to contribute to Attleboro's ongoing transformation. The property's existing infrastructure and approved plans provide a solid foundation for a swift and efficient redevelopment project.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $850,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Attleboro
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.2835
    Latitude
    41.9444
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 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
    $20,369
    $111,400
    $948,400
    $1,059,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $460,000
      7,056 SF

      405 Washington St

      OFFICE BUILDING • 7,056 SF
      405 Washington St, Attleboro, MA 02703-5916
      View Details
    • Value Estimation
      $405,000
      2,000 SF

      166 Bank St

      OFFICE BUILDING • 2,000 SF
      166 Bank St, Attleboro, MA 02703-1743
      View Details
    • Value Estimation
      $835,000
      33,422 SF

      8 Main St

      OFFICE BUILDING • 33,422 SF
      8 Main St, Attleboro, MA 02703-2282
      View Details
    • Value Estimation
      $345,000
      6,936 SF

      144 Bank St

      OFFICE BUILDING • 6,936 SF
      144 Bank St, Attleboro, MA 02703-1743
      View Details
    • Value Estimation
      $295,000
      5,040 SF

      17 Bank St

      OFFICE BUILDING • 5,040 SF
      17 Bank St, Attleboro, MA 02703-2378
      View Details
    • Value Estimation
      $290,000
      2,675 SF

      214 Main St

      OFFICE BUILDING • 2,675 SF
      214 Main St, Attleboro, MA 02703-1750
      View Details

    Similar Nearby for Sale

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      Well-Maintained Office Building Near Downtown

      Signature building near downtown Attleboro with easy highway access.
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    • $2,350,000
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      Well-Located Office Building For Sale

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    • $594,900

      Versatile Mixed-Use Property in Attleboro

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      Spacious Two-Family Home in Attleboro

      Two-family home with renovation potential in a convenient location.
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    • $175,000
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      Residential Land in Desirable Location

      Form A lot in Attleboro's desirable location, ready to build.
      Alvin St, Attleboro, MA 02703
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    • $3,200,000
      2,300 SF

      Retail Property on Washington Street

      Retail property for sale with 2,300 square feet of space.
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    Similar Nearby for Lease

    • $13 SF/Yr
      2,600 SF

      Attleboro Office/Retail Space For Rent

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    • $2,100 /Mo

      Established Office Park Space

      Office space for lease in an established office park.
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    • $2,600 /Mo
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      Attleboro Office Space For Lease

      Prime office space suitable for medical or professional services.
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    • $1,550 /Mo

      Updated Office Space For Rent

      Move-in ready office space with excellent accessibility and visibility.
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    • $450 /Mo

      Office Space Near Capron Park

      Office space for rent in former Balfour House.
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    • $22 SF/Yr
      5,000 SF

      Retail/Office Space Available

      5000' retail/office space in high-traffic location.
      104 N Main St, Attleboro, MA 02703
      View Details
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    19 Park St
    Attleboro, MA 02703-2301
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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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