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    Property profile & analytics

    239 Broadway Taunton, MA 02780

    • Super regional malls
    • 25,272 SF
    • 2.20 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0411881
    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

    • H&R Block / Tax Preparation
    • Broadway Cuts / Nail Salon
    • Mendes Martial Arts / Gym & Fitness Center
    • Del's Hairstyling & Cutting / Hair Salon / Nail Salon
    • Mass State Employment Services / Employment Agency

    Property Details for 239 Broadway

    Year built
    1953
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.20 lot acres
    Property size
    25,272 SF
    Zone code
    3.51
    Property type
    Super regional malls
    APN
    TAUN M:39 L:430 U:
    APU
    TAUNM39L430U

    Description

    This exceptional 1,763 square foot retail space, located at 239 Broadway in Taunton, Massachusetts (zip code 02780), presents a fantastic opportunity for a new business venture. Previously operating as a successful salon for over two decades, this single-tenant property offers a ready-made layout ideal for a variety of uses, including salons, spas, barbershops, or similar businesses. The space benefits from a warm and inviting atmosphere, cultivated over years of successful operation, ensuring a welcoming environment for clients. Its location in a vibrant area of Bristol County promises strong foot traffic and easy access for customers. The property's established history provides a significant advantage, inheriting a legacy of community trust and customer loyalty built over many years. This turnkey solution minimizes initial setup costs and allows for a rapid transition into operation, maximizing your potential for immediate success. The property's functional design and established client base offer a significant competitive edge in the Taunton market. This is a rare opportunity to acquire a well-established space with a proven track record, ready for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,549,000
      Market price range: $2.17M - $4.83M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $3,345,000
      COMMERCIAL (GENERAL)
      $3,135,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Taunton
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.0897
    Latitude
    41.9225
    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
    $45,093
    $690,900
    $1,147,400
    $1,838,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,160,000
      8,972 SF

      289 Winthrop St

      REGIONAL SHOPPING CENTER, MALL • 8,972 SF
      289 Winthrop St, Taunton, MA 02780-8018
      View Details
    • Value Estimation
      $1,640,000
      17,500 SF

      10 Cpe Rd

      REGIONAL SHOPPING CENTER, MALL • 17,500 SF
      10 Cpe Rd, Taunton, MA 02780-2774
      View Details
    • Value Estimation
      $1,175,000
      8,984 SF

      296 Winthrop St

      REGIONAL SHOPPING CENTER, MALL • 8,984 SF
      296 Winthrop St, Taunton, MA 02780-4397
      View Details
    • Value Estimation
      $9,235,000
      83,934 SF

      9 Mozzone Blvd

      REGIONAL SHOPPING CENTER, MALL • 83,934 SF
      9 Mozzone Blvd, Taunton, MA 02780-6965
      View Details
    • Value Estimation
      $1,125,000
      25,000 SF

      306 Winthrop St

      REGIONAL SHOPPING CENTER, MALL • 25,000 SF
      306 Winthrop St, Taunton, MA 02780-4599
      View Details
    • Value Estimation
      $3,185,000
      25,280 SF

      65 Taunton Depot Dr

      REGIONAL SHOPPING CENTER, MALL • 25,280 SF
      65 Taunton Depot Dr, Taunton, MA 02780-6962
      View Details

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    Similar Nearby for Lease

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      2,932 SF

      Retail Space Near Major Retailers

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      Downtown Retail/Restaurant Space Available

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    239 Broadway
    Taunton, MA 02780
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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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