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

    27 Market St Rockland, MA 02370-2601

    • Office buildings
    • 6,000 SF
    • 0.37 lot acres
    OFF-MARKET
    Last Sale
    Mar 18, 2024
    Value Estimations
    $985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0310155
    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

    • Dr. David M. Jacobs, DMD / Dental Office
    • Jacobs & Jacobs / Dental Office
    • JH Slattery Insurance Agency Inc. / Insurance Agency
    • Amos A Phelps & Son / Insurance Agency
    • Dr. Howard K. Jacobs, DMD / Dental Office

    Property Details for 27 Market St

    Year built
    1990
    Construction
    FRAME
    Lot size
    0.37 lot acres
    Property size
    6,000 SF
    Zone code
    BUSINE
    Property type
    Office buildings
    APN
    ROCK M:51 B:0 L:75
    APU
    ROCKM51B0L75

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,059,000
      Market price range: $684k - $1.89M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,210,000
      Current use
      RESTAURANT
      $1,580,000
      Change: +31% Conversion: Moderate
      INDUSTRIAL (GENERAL)
      $1,360,000
      Change: +12% Conversion: Difficult
      RETAIL STORES
      $1,245,000
      Change: +3% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $1,240,000
      Change: +2% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $1,095,000
      Change: -10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9162
    Latitude
    42.1196
    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
    $11,137
    $224,800
    $567,300
    $792,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $515,000
      2,240 SF

      25 Accord Park Dr

      OFFICE BUILDING • 2,240 SF
      25 Accord Park Dr, Rockland, MA 02370-1081
      View Details
    • Value Estimation
      $7,125,000
      45,428 SF

      160 Weymouth St, Unit 180

      OFFICE BUILDING • 45,428 SF
      160 Weymouth St, Rockland, MA 02370-1136
      View Details
    • Value Estimation
      $7,885,000
      42,572 SF

      276 Weymouth St

      OFFICE BUILDING • 42,572 SF
      276 Weymouth St, Rockland, MA 02370-1139
      View Details
    • Value Estimation
      $7,265,000
      45,492 SF

      800 Hingham St

      OFFICE BUILDING • 45,492 SF
      800 Hingham St, Rockland, MA 02370-1074
      View Details
    • Value Estimation
      $1,120,000
      25,620 SF

      55 Accord Park Dr

      OFFICE BUILDING • 25,620 SF
      55 Accord Park Dr, Rockland, MA 02370-1070
      View Details
    • Value Estimation
      $2,515,000
      14,094 SF

      405 Vfw Dr

      OFFICE BUILDING • 14,094 SF
      405 Vfw Dr, Rockland, MA 02370-1160
      View Details

    Similar Nearby for Sale

    • $799,000

      Fully Rented Three-Family Property

      Investment opportunity: fully rented 3-family with immediate rental income.
      63 Webster St, Rockland, MA 02370
      View Details
    • $4,500,000
      13,585 SF

      Retail Property on Oversized Parcel

      NNN leased retail property on a large 2.9-acre parcel.
      75 Market St, Rockland, MA 02370
      View Details
    • $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
    • $1,299,000
      1.82 Acres

      900 square foot industrial\/retail\/office building

      a 2
      Webster St, Rockland, MA 02370
      View Details
    • $595,000

      Rockland Two-Family Home For Sale

      Two-family home in good condition with updated features.
      737-739 Union St, Rockland, MA 02370
      View Details
    • Contact for pricing

      Rockland 5-Unit Investment Property

      Meticulously maintained 5-unit building with expansion potential in Rockland.
      35-37 Salem St, Rockland, MA 02370
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,343 SF

      Rockland Office Space for Lease

      Class A office building with best-in-class amenities.
      1099 Hingham St, Rockland, MA 02370
      View Details
    • Contact for pricing
      1,200 SF

      Rockland Office Space For Lease

      Office space for lease with ample parking and high visibility.
      900-938 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
      1,597 SF

      Rockland Office Space Available

      1597 square feet of office space for rent.
      1050 Hingham St, Rockland, MA 02370
      View Details
    • Contact for pricing
      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
    • 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
    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.
    27 Market St
    Rockland, MA 02370-2601
    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.