Property profile

246 Water St Rockland, MA 02370

OFF-MARKET
Gas stations
Property ID
US38-0320879
1,663 SF 0.26 ac lot Built 1920
Entity Owned 1-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1920
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,663 SF
Lot 0.26 ac (11,514 SF)
Zoning code RESIDE
APN ROCK M:40 B:0 L:87
UPID US38-0320879

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop
  • Food Market Restaurant

Location

246 Water St Rockland, MA 02370-1312
Rockland metro Census 502101 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$955k
CAP Approach CAP
by Request
Comparable Approach Comparable
$816k
Blend (final) Blend
$900k

Owner & transaction history

since 2025
Last sale
$1.0M
7 recorded transactions
2025
$1.0M
2017
Price N/A
2001
Price N/A
2001
$229,000
1989
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

RESIDE · Rockland, MA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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