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    Property profile & analytics

    218 Schoosett St Pembroke, MA 02359

    • Commercial real estate
    • 3,444 SF
    • 1.13 lot acres
    For Sale
    View listing
    Last Sale
    Oct 19, 2020
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1567690
    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

    • Cape Cod Fireplace Shop,Inc. / Hardware & Home Improvement

    Property Details for 218 Schoosett St

    Year built
    1924
    Construction
    FRAME
    Lot size
    1.13 lot acres
    Property size
    3,444 SF
    Property type
    Commercial real estate
    APN
    PEMB M:E14 P:131
    APU
    PEMBME14P131

    Description

    This exceptional commercial property in Pembroke, Massachusetts, presents a unique investment opportunity. Situated on a 1.13-acre lot with approximately 244 feet of frontage on Route 139, this property boasts excellent visibility and high traffic counts, ensuring maximum exposure for your business. The property comprises two buildings, offering versatile space suitable for a variety of uses. Permitted zoning includes Business District B and any use allowed in Residential District A, providing significant flexibility for potential buyers. Town water and a private septic system are in place. Ideal uses include, but are not limited to, retail spaces, professional offices, light industrial operations, educational facilities, religious institutions, or a combination thereof. The high traffic count and prominent location make this property an attractive prospect for businesses seeking increased visibility and accessibility. This is a rare opportunity to acquire a substantial commercial property in a desirable location with significant development potential. The ample lot size allows for expansion or future development, further enhancing its investment value. Don't miss this chance to secure a prime commercial property in a thriving community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $555,000
      6.5%
      $510,000
      7%
      $475,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $511,000
      Market price range: $179k - $666k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $625,000
      Current use
      RETAIL STORES
      $715,000
      Change: +14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $710,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $695,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Pembroke
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.7844
    Latitude
    42.105
    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
    $8,617
    $454,300
    $262,000
    $716,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,065,000
      6,342 SF

      152 Church St

      COMMERCIAL (GENERAL) • 6,342 SF
      152 Church St, Pembroke, MA 02359
      View Details
    • Value Estimation
      $680,000
      4,967 SF

      244 Mattakeesett St

      COMMERCIAL (GENERAL) • 4,967 SF
      244 Mattakeesett St, Pembroke, MA 02359
      View Details
    • Value Estimation
      $3,715,000
      25,360 SF

      296 Old Oak St

      COMMERCIAL (GENERAL) • 25,360 SF
      296 Old Oak St, Pembroke, MA 02359-1981
      View Details
    • Value Estimation
      $935,000
      11,312 SF

      780 Washington St

      SHOW ROOM, WAREHOUSE • 11,312 SF
      780 Washington St, Pembroke, MA 02359-2313
      View Details
    • Value Estimation
      $540,000
      3,808 SF

      829 Washington St

      COMMERCIAL (GENERAL) • 3,808 SF
      829 Washington St, Pembroke, MA 02359-2316
      View Details
    • Value Estimation
      $1,890,000
      15,600 SF

      295 Old Oak St, Unit B

      COMMERCIAL CONDOMINUIM • 15,600 SF
      295 Old Oak St, Pembroke, MA 02359-1992
      View Details

    Similar Nearby for Sale

    • $379,900
      6.79 Acres

      Pembroke Office Condo - Prime Location

      Spacious office condo, great investment potential.
      100 Schoosett St, Pembroke, MA 02359
      View Details
    • $1,249,000
      8,600 SF

      Pembroke Manufacturing/Office Building For Sale

      8,600 SF building on 0.92 acres, Route 53 location.
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      Prime Land Site Opportunity

      Land site available for lease or purchase in Pembroke.
      299 Oak St, Pembroke, MA 02359
      View Details
    • Contact for pricing

      Pembroke Land with Two Buildings

      11.7 acres of land with two buildings in Pembroke.
      145 Washington St, Pembroke, MA 02359
      View Details
    • $950,000

      Pembroke Land for Contractor Bays

      4.19 acres of land approved for contractor bays.
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    • Contact for pricing

      Commercial Land For Sale

      Commercial land available for sale.
      447 Washington St, Pembroke, MA 02359
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Retail Suites Available for Lease

      Multiple retail suites available for lease in Pembroke, Massachusetts.
      75 Washington St, Pembroke, MA 02359
      View Details
    • $14 SF/Yr
      5,250 SF

      Adaptable Flex Space in Pembroke

      Versatile flex space suitable for various business needs.
      300 Oak St, Pembroke, MA 02359
      View Details
    • $14 SF/Yr

      Office/Warehouse Unit with Loading Dock

      Office and warehouse space with convenient highway access and loading dock.
      100 Corporate Park Dr, Pembroke, MA 02359
      View Details
    • $1,950 /Mo
      890 SF

      Mixed-Use Building in Pembroke

      Mixed-use building with retail, restaurant, salon, and office spaces.
      46 Columbia Rd, Pembroke, MA 02359
      View Details
    • $24 SF/Yr
      4,752 SF

      Office Space in Winter Street

      Office space for rent in Winter Street Business Condos.
      42 Winter St, Pembroke, MA 02359
      View Details
    • Contact for pricing
      81,109 SF

      Pembroke Center Plaza Retail Space

      Grocery-anchored shopping center; prime location, high visibility.
      14 Mattak Eesett St, Pembroke, MA 02359
      View Details
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    Pembroke, MA 02359
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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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