Property profile

25 Accord Park Dr Rockland, MA 02370

FOR SALE
Office buildings
Property ID
US38-1187151
2,240 SF 0.19 ac lot Built 1950
Entity Owned 9-yr Hold Free & Clear
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Property summary

AI-generated overview

The property is a flex space building combining office and warehouse/storage uses, located in Accord Park adjacent to Route 3, with convenient access to surrounding highways. It has been recently renovated and includes off-street parking. The configuration supports a range of commercial and light industrial uses, including contractor/trades activities as well as wholesale and retail operations, consistent with its classifications as an industrial property, warehouse, office unit, office property and space, retail space, and commercial real estate.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1950
Construction FRAME
Total area 2,240 SF
Lot 0.19 ac (8,429 SF)
Zoning code BUSINE
APN ROCK M:5 B:0 L:7
UPID US38-1187151

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
  • General Contractor
  • (Bike/Boat/Book/etc) Store
  • Plumbing Service General Contractor
  • Law Firm
  • Law Firm

Location

25 Accord Park Dr Rockland, MA 02370
Rockland metro Census 502200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$705k
Blend (final) Blend
$515k

Owner & transaction history

since 2017
2 recorded transactions
2017
$355,000
1987
$280,000

Zoning & alternative use

BUSINE · Rockland, MA
Top alternative use upside
Retail stores $465,000 +2.7%
Auto repair, garage $465,000 +2.4%

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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