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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    229 Hartford Ave Bellingham, MA 02019-3007

    • Retail space
    • 111,100 SF
    • 17.98 lot acres
    OFF-MARKET
    Value Estimations
    $14,000,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0423797
    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

    • Tool & Truck Rental Center at The Home Depot / Tool Rental Service / Crane Rental Agency
    • The Home Depot / Bathroom Supply Store / Cabinet Store
    • Home Services at The Home Depot / Plumber / Electrician
    • Garden Center at The Home Depot / Garden Center / Fence Supply Store
    • McKenzie Landscaping / Landscaper

    Property Details for 229 Hartford Ave

    Year built
    1996
    Construction
    STEEL FRAME
    Lot size
    17.98 lot acres
    Property size
    111,100 SF
    Zone code
    IND
    Property type
    Retail space
    APN
    BELL M:0024 B:0010 L:0000
    APU
    BELLM0024B0010L0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,942,000
      Market price range: $17.6M - $49.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Bellingham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.4693
    Latitude
    42.1112
    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
    $236,395
    $3,078,800
    $9,685,500
    $12,764,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $565,000
      2,280 SF

      18 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,280 SF
      18 Main St, Bellingham, MA 02019-1550
      View Details
    • Value Estimation
      $1,160,000
      5,000 SF

      163 Mendon St

      RETAIL STORES (PERSONAL SERVICES) • 5,000 SF
      163 Mendon St, Bellingham, MA 02019-1528
      View Details
    • Value Estimation
      $1,675,000
      9,865 SF

      40 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,865 SF
      40 Main St, Bellingham, MA 02019-1590
      View Details
    • Value Estimation
      $2,375,000
      14,395 SF

      1 Wrentham St

      RETAIL STORES (PERSONAL SERVICES) • 14,395 SF
      1 Wrentham St, Bellingham, MA 02019-2532
      View Details
    • Value Estimation by Request
      1,000 SF

      497 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,000 SF
      497 Main St, Bellingham, MA 02019-2083
      View Details
    • Value Estimation by Request
      1,287 SF

      326 Hartford Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,287 SF
      326 Hartford Ave, Bellingham, MA 02019-3010
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1.27 Acres

      Bellingham Commercial Land Opportunity

      1.27 Acres, Prime Location
      340 Main St, Bellingham, MA 02019
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      Bellingham Corner Lot For Sale

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      Multi-Family Three Unit Opportunity

      Three units needing complete rehab with enormous potential.
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      6,093 SF

      Unique Property in Growing Bellingham

      Flexible property suitable for various uses in a growing area.
      11 Summer St, Bellingham, MA 02019
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      59,400 SF

      High-Bay Warehouse Near Interstate 495

      Entitled high-bay warehouse with convenient access to major distribution corridors.
      306 Maple St, Bellingham, MA 02019
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    Similar Nearby for Lease

    • Contact for pricing
      3,700 SF

      Retail Space on Mechanic Street

      Retail space available in Bellingham, near residential apartments.
      191 Mechanic St, Bellingham, MA 02019
      View Details
    • $2,500 /Mo

      Mechanic Street Retail Opportunity

      Prime commercial space suitable for restaurant or retail use.
      93 Mechanic St, Bellingham, MA 02019
      View Details
    • $3,400 /Mo

      Prime Retail/Office Space Available

      Highly visible space in Khoury Plaza, Bellingham Center. Available 2025.
      7 Mechanic St, Bellingham, MA 02019
      View Details
    • $12 SF/Yr
      34,600 SF

      Industrial Space on Route 140

      34,600 SF industrial space with highway access.
      27 S Maple St, Bellingham, MA 02019
      View Details
    • Contact for pricing
      124,200 SF

      Mechanic Street Warehouse Space

      124,200 SF warehouse space near Interstate 495.
      206 Mechanic St, Bellingham, MA 02019
      View Details
    • Contact for pricing

      New Class A Construction Available

      New Class A construction, subdividable, convenient location near I-495.
      Bellingham, MA 02019
      View Details

    Property Visit Statistics

    • Visits by month
      78.0k
    • Visitors by month
      44.4k
    • Avg Time on site
      21 min
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    229 Hartford Ave
    Bellingham, MA 02019-3007
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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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