Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    249 Main St Randolph, MA 02368-4130

    • Showrooms
    • 3,328 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Jul 15, 2021
    Value Estimations
    $400,000
    Show details
    Cap Rate Potential
    8%
    Showrooms
    Location Intelligence
    Property ID
    US38-0722912
    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

    • Showrooms

    Property Details for 249 Main St

    Year built
    1960
    Construction
    STEEL FRAME
    Lot size
    0.46 lot acres
    Property size
    3,328 SF
    Zone code
    CSBD
    Property type
    Showrooms
    APN
    RAND M:47 B:E L:0151
    APU
    RANDM47BEL0151

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $400,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $325,000
      6.5%
      $300,000
      7%
      $275,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $465,000
      Market price range: $110k - $616k

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

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0439
    Latitude
    42.1673
    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
    $15,674
    $468,200
    $238,800
    $707,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,145,000
      40,289 SF

      78 Teed Dr

      SHOW ROOM, WAREHOUSE • 40,289 SF
      78 Teed Dr, Randolph, MA 02368-4202
      View Details
    • Value Estimation
      $11,690,000
      59,200 SF

      40 Chiefs Way

      SHOW ROOM, WAREHOUSE • 59,200 SF
      40 Chiefs Way, Randolph, MA 02368-4221
      View Details
    • Value Estimation by Request
      33,500 SF

      208 High St

      SHOW ROOM, WAREHOUSE • 33,500 SF
      208 High St, Randolph, MA 02368-1837
      View Details
    • Value Estimation
      $615,000
      14,295 SF

      360 Nn St

      SHOW ROOM, WAREHOUSE • 14,295 SF
      360 Nn St, Randolph, MA 02368-4171
      View Details
    • Value Estimation
      $370,000
      4,400 SF

      375 Ctr St

      SHOW ROOM, WAREHOUSE • 4,400 SF
      375 Ctr St, Randolph, MA 02368-5349
      View Details
    • Value Estimation
      $605,000
      16,200 SF

      90 Pleasant St

      SHOW ROOM, WAREHOUSE • 16,200 SF
      90 Pleasant St, Randolph, MA 02368-4174
      View Details

    Similar Nearby for Sale

    • $850,002
      3,560 SF

      Retail Showroom in Central Business District

      Two-story retail showroom in Randolph's Central Business District.
      73 N Main St, Randolph, MA 02368
      View Details
    • $1,200,000

      Turn-Key Retail Investment Opportunity

      Well-maintained commercial property with three retail units in Randolph.
      35 N Main St, Randolph, MA 02368
      View Details
    • $649,000

      Randolph/Avon Fenced Lot For Sale

      Under 1 acre fenced lot in Randolph/Avon with high visibility.
      747 South Main St, Randolph, MA 02368
      View Details
    • $645,000

      Side-by-Side Two-Family Home

      Two-family home with potential in a desirable neighborhood.
      10 Michael Rd, Randolph, MA 02368
      View Details
    • $950,000
      4,672 SF

      Randolph MA Investment Property

      Two Buildings, 4672 sq ft, Gated Lot
      641 North Main Street, Randolph, MA 02368
      View Details
    • $1,500,000

      Randolph Medical Office Investment Opportunity

      9,000 SF medical office building for sale in Randolph.
      999 North Main St, Randolph, MA 02368
      View Details

    Similar Nearby for Lease

    • $20 SF/Yr
      2,500 SF

      Randolph Retail End Cap Space

      High-traffic location, 2500 sq ft available.
      84 Mazzeo Dr, Randolph, MA 02368
      View Details
    • Contact for pricing
      1,860 SF

      Free Standing Retail Building

      Retail property with full basement and parking in Randolph.
      603 S Main St, Randolph, MA 02368
      View Details
    • Contact for pricing
      40,074 SF

      Prime Retail Space - Norfolk County

      40,074 SF Shopping Center - 6,400 SF Available
      300 Main St, Randolph, MA 02368
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space in Randolph Center

      Retail space in a high-traffic Randolph shopping center.
      19 Memorial Pkwy, Randolph, MA 02368
      View Details
    • Contact for pricing
      6,400 SF

      Retail Space in Randolph Center

      40,074 SF shopping center with high foot traffic.
      300-352 N Main St, Randolph, MA 02368
      View Details
    • Contact for pricing
      11,000 SF

      Prime Randolph Retail Space

      11,000 SF Retail Space Available
      43 York Ave, Randolph, MA 02368
      View Details

    Property Visit Statistics

    • Visits by month
      3.3k
    • Visitors by month
      1.6k
    • Avg Time on site
      21 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    249 Main St
    Randolph, MA 02368-4130
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.