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

    246 Main St Walpole, MA 02081-4068

    • Office buildings
    • 4,536 SF
    • 0.46 lot acres
    OFF-MARKET
    Value Estimations
    $1,355,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0546829
    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

    • Lifetime Home Improvement, Inc. / Window Installation Service / Bathroom Remodeler
    • Century 21 American Properties / Real Estate Rental Agency / Real Estate Agency
    • Marquis Building & Design / Home Builder
    • DiPietro Law, PC / Elder Law Attorney / Estate Planning Attorney
    • Joanne M. Dipietro Attorney / Estate Planning Attorney / Real Estate Attorney

    Property Details for 246 Main St

    Year built
    1986
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property size
    4,536 SF
    Property type
    Office buildings
    APN
    WALP M:00019 B:00002 L:00000
    APU
    WALPM00019B00002L00000

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,770,000
      6.5%
      $1,635,000
      7%
      $1,515,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,249,000
      Market price range: $725k - $2.05M
      AI Estimate
      $1,186,000
      Market price range: $390k - $1.87M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,330,000
      Current use
      AUTO REPAIR, GARAGE
      $1,460,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $1,330,000
      Change: -0% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $1,160,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Walpole
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2334
    Latitude
    42.1654
    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
    $11,796
    $344,100
    $314,900
    $659,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,500,000
      17,201 SF

      1 Foxhill Dr

      OFFICE BUILDING • 17,201 SF
      1 Foxhill Dr, Walpole, MA 02081-4417
      View Details
    • Value Estimation
      $1,485,000
      8,270 SF

      7 Ww St Ste, Unit 9

      OFFICE BUILDING • 8,270 SF
      7 Ww St Ste, Walpole, MA 02081-2856
      View Details
    • Value Estimation
      $1,545,000
      4,383 SF

      600 Main St

      OFFICE BUILDING • 4,383 SF
      600 Main St, Walpole, MA 02081-3791
      View Details
    • Value Estimation
      $560,000
      1,367 SF

      281 Mylod St

      OFFICE BUILDING • 1,367 SF
      281 Mylod St, Walpole, MA 02081-4070
      View Details
    • Value Estimation
      $1,095,000
      4,800 SF

      141 Norfolk St

      OFFICE BUILDING • 4,800 SF
      141 Norfolk St, Walpole, MA 02081-1765
      View Details
    • Value Estimation
      $1,460,000
      13,294 SF

      125-127 Ww St

      OFFICE BUILDING • 13,294 SF
      125-127 Ww St, Walpole, MA 02081
      View Details

    Similar Nearby for Sale

    • $425,000

      Commercial Condo on Main Street

      Commercial space for sale or lease with high traffic exposure.
      1391 Main St, Walpole, MA 02081
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    • $899,999

      Commercial Condo in Bustling Walpole

      Commercial condo with new roof, bay doors, and ample parking.
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    • $1,400,000

      14.43 Acres Wooded Land

      14.43 acres of wooded land ideal for developers.
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      Prime Retail Pad Site

      1.09 acre retail pad site in Walpole, Massachusetts.
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      Walpole Commercial Condo - Prime Location

      High-traffic area, versatile space, ready to occupy.
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      5.60 Acres

      Prime 5.6 Acre Commercial Land

      Highway-accessible land, ideal for development.
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    Similar Nearby for Lease

    • Contact for pricing
      6,200 SF

      Furnished Office Space Near Transit

      Plug-and-play, fully furnished office space near Walpole MBTA.
      100 Elm St, Walpole, MA 02081
      View Details
    • Contact for pricing
      2,000 SF

      Furnished Office Space in Walpole

      Furnished office suite available for rent in Walpole, MA.
      1600 Providence Hwy, Walpole, MA 02081
      View Details
    • Contact for pricing
      5,400 SF

      Office Space Near Commuter Rail

      Office space with ample parking near public transportation.
      95 West St, Walpole, MA 02081
      View Details
    • Contact for pricing

      Commercial Land For Lease

      1.50 acre commercial land with high visibility available for lease.
      Walpole, MA 02081
      View Details
    • $35 SF/Yr
      6,000 SF

      Retail Space on High-Traffic Corner

      6,000 SF retail space at a busy intersection.
      985 Old Post Rd, Walpole, MA 02081
      View Details
    • $22 SF/Yr
      2,200 SF

      Walpole Retail Space with Drive-Thru

      Retail space available with drive-thru and signage opportunities.
      643-703 Main St, Walpole, MA 02081
      View Details
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    246 Main St
    Walpole, MA 02081-4068
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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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