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    Property profile & analytics

    241 Un St Rockland, MA 02370-1825

    • Banks
    • 21,262 SF
    • 1.38 lot acres
    OFF-MARKET
    Value Estimations
    $1,125,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1451171
    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

    • Rockland Federal Credit Union / Credit Union
    • ATM / Atm

    Property Details for 241 Un St

    Year built
    1965
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.38 lot acres
    Property size
    21,262 SF
    Zone code
    BUSINE
    Property type
    Banks
    APN
    ROCK M:39 B:0 L:296
    APU
    ROCKM39B0L296

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $800,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,449,000
      Market price range: $1.45M - $3.29M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9147
    Latitude
    42.1289
    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
    $59,025
    $301,900
    $3,896,200
    $4,198,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $860,000
      14,339 SF

      279 Un St

      FINANCIAL BUILDING • 14,339 SF
      279 Un St, Rockland, MA 02370-1825
      View Details
    • Value Estimation
      $815,000
      6,008 SF

      359 Market St

      RETAIL STORES (PERSONAL SERVICES) • 6,008 SF
      359 Market St, Rockland, MA 02370-1936
      View Details
    • Value Estimation
      $630,000
      4,500 SF

      144 Market St

      RETAIL STORES (PERSONAL SERVICES) • 4,500 SF
      144 Market St, Rockland, MA 02370-2632
      View Details
    • Value Estimation
      $1,585,000
      11,011 SF

      201 Market St

      RETAIL STORES (PERSONAL SERVICES) • 11,011 SF
      201 Market St, Rockland, MA 02370-1932
      View Details
    • Value Estimation
      $540,000
      3,836 SF

      312-314 Un St

      RETAIL STORES (PERSONAL SERVICES) • 3,836 SF
      312-314 Un St, Rockland, MA 02370
      View Details
    • Value Estimation
      $740,000
      4,200 SF

      200 Vfw Dr

      RETAIL STORES (PERSONAL SERVICES) • 4,200 SF
      200 Vfw Dr, Rockland, MA 02370-1130
      View Details

    Similar Nearby for Sale

    • $4,500,000
      13,585 SF

      Retail Property on Oversized Parcel

      NNN leased retail property on a large 2.9-acre parcel.
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    • $799,000

      Fully Rented Three-Family Property

      Investment opportunity: fully rented 3-family with immediate rental income.
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    • New
      $299,000
      1,551 SF

      Rockland Multifamily Investment Opportunity

      Two-family property in Rockland town center, sold as-is.
      12 Linden St, Rockland, MA 02370
      View Details
    • Contact for pricing
      25,620 SF

      Renovated Flex Space Available

      Flexible floor plans, modern interiors, and convenient location.
      55 Accord Park Dr, Rockland, MA 02370
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      Well-Maintained Two-Family Home

      Updated two-family home near town center with investment potential.
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    Similar Nearby for Lease

    • Contact for pricing
      3,100 SF

      Warehouse with Showroom and Mezzanine

      3,400 SF warehouse/showroom with updated features and easy access.
      61-73 Reservoir Park Dr, Rockland, MA 02370
      View Details
    • Contact for pricing
      4,531 SF

      Rockland Retail Space Available

      Retail space available for rent in Rockland, Massachusetts.
      218 Vfw Dr, Rockland, MA 02370
      View Details
    • Contact for pricing
      1,597 SF

      Rockland Office Space Available

      1597 square feet of office space for rent.
      1050 Hingham St, Rockland, MA 02370
      View Details
    • Contact for pricing
      10,935 SF

      Versatile Flex Space Available

      Adaptable flex space featuring offices, conference rooms, and private amenities.
      40 Reservoir Park Dr, Rockland, MA 02370
      View Details
    • Contact for pricing
      1,850 SF

      Class A Furnished Office

      Class A office space available for rent, fully furnished.
      302 Weymouth St, Rockland, MA 02370
      View Details
    • Contact for pricing
      6,000 SF

      Rockland Office Space For Rent

      6,000 square foot office space available for lease.
      400 Hingham St, Rockland, MA 02370
      View Details
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    241 Un St
    Rockland, MA 02370-1825
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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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