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Property profile & analytics
OFF-MARKET
Estimated value
$1,400,000
Warehouses
20 Bellows Rd, Raynham, MA 02767-1453
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US38-1680804
Property summary
AI-generated overview
This exceptional 14,288-square-foot flex space at 20 Bellows Road in Raynham, Massachusetts, presents a turnkey opportunity for businesses seeking efficient and strategically located industrial space. The property, classified as Class B, was constructed in 1998 and sits on a 1.37-acre lot. The building features a single-tenant occupancy, making it ideal for a company seeking a dedicated space. The functional layout includes two loading docks, simplifying logistics and material handling. Note that there are no elevators in the building. The clear height exceeds 16 feet, providing ample vertical space for storage or high-bay racking systems. Its location offers easy access to major transportation arteries, including Route 44 and Route 24, ensuring seamless connectivity for regional and interstate distribution. The property's address is 20 Bellows Rd, Raynham, MA 02767. This property is a rare find, combining functionality, accessibility, and a desirable location in a thriving market. The property type is industrial, with a flex subtype.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Construction
STEEL FRAME
Total area
14,288 SF
Lot
1.37 ac (59,677 SF)
APN
RAYN M:14 B:242 L:3
UPID
US38-1680804
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
RNR Plastics Inc Factory Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.40M
Owner & transaction history
20 Bellows LLC · 2 yrs held
20 Bellows LLC
since 2024
Last sale
$1.4M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$2.3M
+21.0%
Office building
$2.2M
+15.5%
Neighborhood: shopping center
$2.2M
+15.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Raynham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raynham submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$1,400,000
ML approach
$1,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,890,000
Current use
APARTMENT HOUSE (5+ UNITS)
$2,290,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$2,185,000
Change: +16% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$2,180,000
Change: +15% · Conversion: Moderate
COMMERCIAL (GENERAL)
$2,130,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.40M
Range $1.26M – $1.54M · ±10% · vs last sale $1.40M (Apr 22 2024)
Last sale anchor
$1.40M
Apr 22 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$18,111
Tax year 2024
Assessed value
$1,078,700
Assessed 2024
Previous assessed
$1,078,700
+0.0% YoY
Effective rate
1.68%
On assessed value
Assessed land
$242,200
Assessed improvement
$836,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
4
Total area
14,288 SF
Lot
1.37 ac (59,677 SF)
APN
RAYN M:14 B:242 L:3
UPID
US38-1680804
Jurisdiction
RAYNHAM
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$2.2M
COMMERCIAL (GENERAL)
Est. value
$2.1M
WAREHOUSE, STORAGE Current
APARTMENT HOUSE (5+ UNITS)
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1998
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
4
Lot
1.37 ac
Current owner
From public records · entity-resolved
20 Bellows LLC
Entity
Mailing address
20 BELLOWS RD, RAYNHAM, MA 02767-1453
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2024
$1,400,000
20 Bellows LLC
Thayer RT
Quit Claim Arm's Length For Ne States
—
Jul 1, 2021
—
Thayer RT
—
Deed
related
$4,183,100 · Webster Bank
May 29, 2015
$850,000
Thayer RT
Rnr Realty LLC
Quit Claim Arm's Length For Ne States
$680,000 · Webster Bank
Oct 26, 2006
—
Rnr Realty LLC
—
Deed Of Trust
related
$365,000 · Bristol County Savings Bank
Jan 26, 2005
—
Rnr Realty LLC
—
Deed Of Trust
related
$480,000 · Bristol County Savings Bank
Apr 24, 2002
—
Rnr Realty LLC
—
Deed Of Trust
related
$400,000 · First Federal Savings Bank
Sep 12, 1997
$50,000
Rnr Realty LLC
Forge River Park RT
Grant Deed
$315,200 · Peoples Bk Brockton
Sep 12, 1997
—
Rnr Realty LLC
—
Deed Of Trust
related
$134,800 · Peoples Bk Brockton
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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