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    Property profile & analytics

    237 Broadway Taunton, MA 02780-1508

    • Retail properties & Spaces
    • 10,010 SF
    • 0.96 lot acres
    OFF-MARKET
    Value Estimations
    $1,600,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0378107
    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

    • Dollar Tree / Discount Store
    • Brenda Parsons / Pharmacy
    • Kerri Belken / Pharmacy
    • Jason Carreiro / Pharmacy
    • Michael Correia / Pharmacy

    Property Details for 237 Broadway

    Year built
    1990
    Construction
    FRAME
    Lot size
    0.96 lot acres
    Property size
    10,010 SF
    Zone code
    3.51
    Property type
    Retail properties & Spaces
    APN
    TAUN M:39 L:431 U:
    APU
    TAUNM39L431U

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,743,000
      Market price range: $796k - $2.71M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,640,000
      Current use
      RESTAURANT
      $2,345,000
      Change: +43% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,780,000
      Change: +8% Conversion: Difficult
      APARTMENT HOUSE (5+ UNITS)
      $1,605,000
      Change: -2% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $1,530,000
      Change: -7% Conversion: Moderate
      WAREHOUSE, STORAGE
      $1,325,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Taunton
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.09
    Latitude
    41.9218
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 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
    $34,884
    $515,100
    $907,000
    $1,422,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $18,435,000
      127,092 SF

      81 Taunton Depot Dr

      DEPARTMENT STORE • 127,092 SF
      81 Taunton Depot Dr, Taunton, MA 02780-6915
      View Details
    • Value Estimation
      $2,780,000
      14,422 SF

      284 Winthrop St

      DEPARTMENT STORE • 14,422 SF
      284 Winthrop St, Taunton, MA 02780-4340
      View Details
    • Value Estimation
      $870,000
      16,093 SF

      82 Weir St

      DEPARTMENT STORE • 16,093 SF
      82 Weir St, Taunton, MA 02780-3936
      View Details
    • Value Estimation
      $660,000
      2,995 SF

      716 County St

      DEPARTMENT STORE • 2,995 SF
      716 County St, Taunton, MA 02780-6947
      View Details
    • Value Estimation
      $2,575,000
      13,369 SF

      226 Broadway

      DEPARTMENT STORE • 13,369 SF
      226 Broadway, Taunton, MA 02780-1893
      View Details
    • Value Estimation
      $990,000
      18,471 SF

      85 Main St

      DEPARTMENT STORE • 18,471 SF
      85 Main St, Taunton, MA 02780-2780
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      13,225 SF

      Taunton Retail Property For Sale

      13,225 SF retail property available in Taunton, MA.
      7 Washington St, Taunton, MA 02780
      View Details
    • Contact for pricing
      1,440 SF

      Versatile Commercial Property with Garage

      Commercial property featuring a heated garage, warehouse, and office.
      163 Oak St, Taunton, MA 02780
      View Details
    • $1,250,000
      Pending

      Two-Story Office Building For Sale

      Two-story professional office space with ample parking and great visibility.
      308 Bay St, Taunton, MA 02780
      View Details
    • $699,999
      21,102 SF

      Industrial Building Redevelopment Opportunity

      21,102 SF industrial building suitable for residential conversion.
      106 Oak St, Taunton, MA 02780
      View Details
    • $425,000

      Taunton Land for Sale

      Land for sale in Taunton, MA, ideal for developers.
      100 Oak St, Taunton, MA 02780
      View Details
    • New
      $695,000
      2,360 SF

      Taunton Multi-Family Investment Opportunity

      Well-maintained Taunton multi-family property with income potential and flexible arrangements.
      46 Grove St, Taunton, MA 02780
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      13,289 SF

      Taunton Retail Building For Lease

      Prime Taunton retail space, 13,289 sq ft.
      175 Dean St, Taunton, MA 02780
      View Details
    • Contact for pricing
      1,763 SF

      Former Salon Space For Lease

      1,763 SF former salon space available for lease.
      239 Broadway, Taunton, MA 02780
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Power Center

      Retail space available in a 440,000 SF power center.
      65 Taunton Depot Dr, Taunton, MA 02780
      View Details
    • Contact for pricing

      Retail Space in Power Center

      Retail spaces available in a 440,000 SF power center.
      60 Taunton Depot Dr, Taunton, MA 02780
      View Details
    • Contact for pricing

      Retail Space with High Visibility

      Retail space for rent with excellent Route 44 visibility.
      10 Cape Rd, Taunton, MA 02780
      View Details
    • Contact for pricing
      2,932 SF

      Retail Space Near Major Retailers

      2,932 SF endcap available near Target, Home Depot, and Kohls.
      6 Mozzone Blvd, Taunton, MA 02780
      View Details

    Property Visit Statistics

    • Visits by month
      33.9k
    • Visitors by month
      20.6k
    • Avg Time on site
      19 min
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    237 Broadway
    Taunton, MA 02780-1508
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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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