Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1941 Ocean St Marshfield, MA 02050-3421
    Back to Search
    Property profile & analytics

    1941 Ocean St, Marshfield, MA 02050-3421

    View on Map
    • Turn key restaurants
    • 1,675 SF
    • 0.08 lot acres
    Off-Market
    Property ID
    US38-1593725
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Marshfield Famous Pizza / Restaurant
    • Sarah Weston Photography / Photography Service / (Bike/Boat/Book/etc) Store

    Property Details for 1941 Ocean St

    Year built
    1955
    Construction
    STEEL FRAME
    Lot size
    0.08 lot acres
    Zone code
    B-1
    Property type
    Turn key restaurants
    APN
    MARS M:0H07 B:0003 L:0006
    APU
    MARSM0H07B0003L0006

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jul 31, 2019 $500,000 1941 Ocean Street LLC Edward Bakleh Quit Claim Arm's Length For Ne States $400k · Eastern Bank
    May 9, 2013 $525,000 Edward Bakleh Rafina RT Quit Claim Deed $425k · S Bank
    May 16, 2012 — Rafina RT — Deed Of Trust · related $200k · John E Heraty
    Jan 26, 2011 — Rafina RT — Deed Of Trust · related $239k · Lawrence Flaherty
    May 6, 2009 — Rafina RT — Deed Of Trust · related $1M · South Shore Cp Bank
    Jan 9, 2006 — Rafina RT — Deed Of Trust · related $50k · South Shore Cp Bank
    May 20, 2005 — Rafina RT — Deed Of Trust · related $43k · South Shore Cp Bank
    Aug 31, 2004 — Rafina RT — Deed Of Trust · related $272k · South Shore Cp Bank
    Aug 27, 1999 $90,000 Rafina RT S&s RT Grant Deed $140k · South Shore Cp Bank
    Dec 20, 1995 $70,000 S RT Souretis,arthur A Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Marshfield
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.7074
    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
    $4,136
    $199,400
    $198,700
    $398,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,760 SF

      1862 Ocean St

      RESTAURANT
      1862 Ocean St, Marshfield, MA 02050-4906
      View Details
    • Value Estimation by Request
      2,692 SF

      2121 Ocean St

      RESTAURANT
      2121 Ocean St, Marshfield, MA 02050-3149
      View Details
    • Value Estimation
      $665,000
      3,564 SF

      730 Pln St

      RESTAURANT
      730 Pln St, Marshfield, MA 02050-2101
      View Details
    • Value Estimation by Request
      960 SF

      914 Webster St

      RESTAURANT
      914 Webster St, Marshfield, MA 02050-3419
      View Details
    • Value Estimation
      $520,000
      4,810 SF

      93 Careswell St

      RESTAURANT
      93 Careswell St, Marshfield, MA 02050-4029
      View Details
    • Value Estimation
      $1,110,000
      2,943 SF

      1840 Ocean St

      RESTAURANT
      1840 Ocean St, Marshfield, MA 02050-4906
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,016 SF

      Corner Lot Commercial Building

      Freestanding building in Brant Rock village, steps from the beach.
      17 Dyke Rd, Marshfield, MA 02050
      View Details
    • 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
      View Details
    • Contact for pricing

      Commercial Kitchen and Storage Available

      Commercial kitchen, storage, and office space for caterers/food entrepreneurs.
      420 Furnace St, Marshfield, MA 02050
      View Details
    • Contact for pricing

      Marshfield Commercial Building For Sale

      Highly visible commercial building with ample parking in Marshfield.
      709 Plain St, Marshfield, MA 02050
      View Details
    • Contact for pricing

      Prime Commercial Land on RTE 139

      Nearly 2 acres of commercial land with high visibility.
      2104 Ocean St, Marshfield, MA 02050
      View Details
    • Contact for pricing
      8,000 SF

      Retail Space For Sale

      8,000 SqFt retail space available with 4.25% CAP.
      2169 Ocean St, Marshfield, MA 02050
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,030 SF

      Retail Space in Marshfield Center

      Retail space available in busy Marshfield shopping center.
      1 Snow Rd, Marshfield, MA 02050
      View Details
    • Contact for pricing
      982 SF

      Retail Space in Lifestyle Center

      Retail space available in a well-located lifestyle center.
      1899 Ocean St, Marshfield, MA 02050
      View Details
    • Contact for pricing
      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
    • Sponsored
      Contact for pricing

      MA, Marshfield - Plain St

      Discover many ways to work your way in MA, Marshfield - Plain St
      1025 Plain St, Marshfield, MA 02050
      View Details
    • Contact for pricing

      Downtown Marshfield Office Space

      Office space in downtown Marshfield with ample parking.
      933 Webster St, Marshfield, MA 02050
      View Details
    • Contact for pricing
      2,910 SF

      Adaptable Office Space For Lease

      Professional office/commercial space with flexible suites and highway access.
      25 Rockwood Rd, Marshfield, MA 02050
      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.
    1941 Ocean St
    Marshfield, MA 02050-3421
    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

    Thank You for Inquiry
    1941 Ocean St, Marshfield, MA, 02050
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!