Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2245 State Rd Plymouth, MA 02360-5150

    • Retail space
    • 3,984 SF
    • 0.56 lot acres
    OFF-MARKET
    Value Estimations
    $680,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0707913
    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

    • Cedarville Wine & Spirits / Wine Store / Liquor Store
    • Plymouth Liquors / Liquor Store

    Property Details for 2245 State Rd

    Year built
    1999
    Construction
    FRAME
    Lot size
    0.56 lot acres
    Property size
    3,984 SF
    Zone code
    GC
    Property type
    Retail space
    APN
    PLYM M:0055 B:0000 L:020E
    APU
    PLYMM0055B0000L020E

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $443,000
      Market price range: $202k - $538k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $825,000
      Current use
      AUTO REPAIR, GARAGE
      $825,000
      Change: -0% Conversion: Difficult
      OFFICE BUILDING
      $790,000
      Change: -5% Conversion: Easy
      COMMERCIAL (GENERAL)
      $775,000
      Change: -6% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.5513
    Latitude
    41.8218
    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
    $13,463
    $423,600
    $622,500
    $1,046,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $15,730,000
      134,760 SF

      30 Home Depot Dr

      RETAIL STORES (PERSONAL SERVICES) • 134,760 SF
      30 Home Depot Dr, Plymouth, MA 02360-2669
      View Details
    • Value Estimation by Request
      1,274 SF

      91 Samoset St

      RETAIL STORES (PERSONAL SERVICES) • 1,274 SF
      91 Samoset St, Plymouth, MA 02360-5491
      View Details
    • Value Estimation by Request
      2,808 SF

      29-31 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,808 SF
      29-31 Main St, Plymouth, MA 02360
      View Details
    • Value Estimation by Request
      3,560 SF

      58 Sandwich St

      RETAIL STORES (PERSONAL SERVICES) • 3,560 SF
      58 Sandwich St, Plymouth, MA 02360-3333
      View Details
    • Value Estimation
      $1,500,000
      7,943 SF

      400 Colony Pl Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,943 SF
      400 Colony Pl Rd, Plymouth, MA 02360-7236
      View Details
    • Value Estimation
      $515,000
      2,548 SF

      78 Water St

      RETAIL STORES (PERSONAL SERVICES) • 2,548 SF
      78 Water St, Plymouth, MA 02360-3836
      View Details

    Similar Nearby for Sale

    • $2,795,000

      New Multifamily Construction in Plymouth

      New construction multifamily property in historic downtown Plymouth.
      10 Water St, Plymouth, MA 02360
      View Details
    • $1,700,000
      4,312 SF

      Turn-Key Restaurant/Deli Commercial Property

      Turn-key commercial property with established restaurant/deli business for sale.
      499 State Rd, Plymouth, MA 02360
      View Details
    • $925,000

      Historic Downtown Plymouth Mixed-Use Building

      Mixed-use building with commercial and residential units in historic Plymouth.
      68 Court St, Plymouth, MA 02360
      View Details
    • $1,795,000

      Historic Brick and Beam Building

      Creative space in downtown Plymouth with parking and retail visibility.
      26 Howland St, Plymouth, MA 02360
      View Details
    • Contact for pricing
      37,840 SF

      Plymouth Retail Center - Golf Dr.

      Prime Retail Space, 37,840 SF, Plymouth, MA
      30 Golf Dr, Plymouth, MA 02360
      View Details
    • $118,000
      2.30 Acres

      Plymouth Office Condo - Great Value!

      Two-story office condo, below assessed value.
      488 State Rd, Plymouth, MA 02360
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      49,598 SF

      West Plymouth Square Retail Space

      Prime Plymouth retail space, two suites available.
      101 Carver Rd, Plymouth, MA 02360
      View Details
    • Contact for pricing
      10,929 SF

      Retail Space in Regional Center

      Retail space available in high-traffic Plymouth shopping center.
      46 Shops At 5 Way, Plymouth, MA 02360
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space in Affluent Community

      Retail space available in Plymouth, strong demographics.
      183 Court St, Plymouth, MA 02360
      View Details
    • Contact for pricing
      5,000 SF

      Renovated Retail Spaces For Lease

      Newly renovated retail spaces with high visibility and traffic.
      147 Samoset St, Plymouth, MA 02360
      View Details
    • Contact for pricing

      Restaurant Space Available For Lease

      Restaurant space for lease with high visibility and ample parking.
      Plymouth, MA 02360
      View Details
    • Contact for pricing
      5,000 SF

      Plymouth Retail Space For Lease

      5,000 SF Retail Space in Plymouth, MA
      104 Colony Place Rd, Plymouth, MA 02360
      View Details

    Property Visit Statistics

    • Visits by month
      16.0k
    • Visitors by month
      7.9k
    • Avg Time on site
      7 min
    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.
    2245 State Rd
    Plymouth, MA 02360-5150
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.