Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    23 Renmar Ave Walpole, MA 02081-1515
    Back to Search
    Property profile & analytics

    23 Renmar Ave, Walpole, MA 02081-1515

    View on Map
    • Warehouses
    • 7,800 SF
    • 1.06 lot acres
    Off-Market
    Property ID
    US38-1294045
    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
    $1,090,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 23 Renmar Ave

    Year built
    2008
    Construction
    STEEL FRAME
    Lot size
    1.06 lot acres
    Property type
    Warehouses
    APN
    WALP M:00040 B:00010 L:00000
    APU
    WALPM00040B00010L00000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 26, 2015 — Diversified Trust Wegner Steven Quit Claim Deed · related —
    Jan 4, 2008 $225,000 Steven Wegner Great Pond T Grant Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,350,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,280,000
      Change: -5% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Walpole
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2739
    Latitude
    42.1356
    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
    $13,982
    $306,400
    $474,700
    $781,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,040,000
      30,000 SF

      24 Industrial Rd

      WAREHOUSE, STORAGE
      24 Industrial Rd, Walpole, MA 02081-1305
      View Details
    • Value Estimation
      $1,305,000
      10,000 SF

      10 Merchants Dr

      WAREHOUSE, STORAGE
      10 Merchants Dr, Walpole, MA 02081-1799
      View Details
    • Value Estimation
      $2,600,000
      38,255 SF

      21 Industrial Rd

      WAREHOUSE, STORAGE
      21 Industrial Rd, Walpole, MA 02081-1304
      View Details
    • Value Estimation
      $1,000,000
      7,500 SF

      3 Renmar Ave

      WAREHOUSE, STORAGE
      3 Renmar Ave, Walpole, MA 02081-1527
      View Details
    • Value Estimation
      $5,840,000
      67,727 SF

      160 Elm St

      WAREHOUSE, STORAGE
      160 Elm St, Walpole, MA 02081-1943
      View Details
    • Value Estimation
      $1,580,000
      15,600 SF

      115 Production Rd, Unit 129

      WAREHOUSE, STORAGE
      115 Production Rd, Walpole, MA 02081-1312
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      12,890 SF

      Luxury Office Space Opportunity

      Vacant ±4,000 SF first-floor commercial office space for sale.
      173 Walpole Park, Walpole, MA 02081
      View Details
    • Contact for pricing
      12,890 SF

      Luxury Office Space Opportunity

      Vacant ±4,000 SF first-floor office space in Walpole, MA.
      173 High Plain St, Walpole, MA 02081
      View Details
    • Contact for pricing

      Established Auto Mechanic Shop Business

      Operating auto mechanic shop business for sale in Walpole, MA.
      1171R Main St, Walpole, MA 02081
      View Details
    • Contact for pricing

      Luxury Office Space Opportunity

      Vacant Class A office space ready for custom build-out.
      173 High Plain St, Walpole, MA 02081
      View Details
    • Contact for pricing
      Pending

      Commercial Condo on Main Street

      Commercial space for sale in Walpole, great location.
      1391 Main St, Walpole, MA 02081
      View Details

    Similar Nearby for Lease

    • $2,964 /Mo
      10,000 SF

      Walpole Commercial Shop/Garage Space

      Commercial shop/garage space available in Walpole, MA.
      276 South St, Walpole, MA 02081
      View Details
    • Contact for pricing
      40,000 SF

      40,000 SF Warehouse Available

      40,000 SF warehouse space for lease near I-95.
      31 Commercial St, Sharon, MA 02081
      View Details
    • Contact for pricing
      15,311 SF

      Walpole Warehouse Space Available

      15,311 square foot warehouse space for lease in Walpole.
      76 Production Rd, Walpole, MA 02081
      View Details
    • Contact for pricing
      50,500 SF

      Sharon Office/Warehouse Build-to-Suit Lease

      50,500 SF office/warehouse building available for build-to-suit lease.
      1145 General Edwards Hwy, Sharon, MA 02081
      View Details
    • Contact for pricing
      10,000 SF

      Walpole Commercial Shop/Garage Space

      New commercial shop/garage spaces available in Walpole, Route 1 location.
      276 South St, Walpole, MA 02081
      View Details
    • Contact for pricing
      11,030 SF

      Renmar Avenue Warehouse Space

      Available warehouse space at 40 Renmar Ave, Walpole, MA.
      40 Renmar Ave, Walpole, MA 02081
      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.
    23 Renmar Ave
    Walpole, MA 02081-1515
    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
    23 Renmar Ave, Walpole, MA, 02081
    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!