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    278 Main St Hanson, MA 02341-1965
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    Property profile & analytics

    278 Main St, Hanson, MA 02341-1965

    View on Map
    • Investment properties
    • 5,714 SF
    • 0.88 lot acres
    Off-Market
    Property ID
    US38-1105308
    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.
    Value Estimations
    $830,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • J & R Indian Head Pub / Bar & Pub
    • ATM / Atm

    Property Details for 278 Main St

    Year built
    1977
    Construction
    FRAME
    Lot size
    0.88 lot acres
    Zone code
    100
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    HANS M:40 B:0 P:44
    APU
    HANSM40B0P44

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Mar 8, 2017 — Jpr Trust — Deed · related $150k · Rockland Tr
    Sep 29, 2016 — Jpr Realty Trust — Deed · related $175k · Patricia A Deagle
    Jun 22, 2007 — Rice,richard R Tr — Deed Of Trust · related $60k · Rockland Trust Co
    Dec 14, 2006 — Rice,richard R Tr — Deed Of Trust · related $100k · Rockland Trust Co
    Jan 5, 1994 — Jpr RT — Deed Of Trust · related $340k · Rockland Trust Co
    Jul 1, 1993 — Jpr RT — Deed Of Trust · related $340k · Rockland Trust Co
    Jun 19, 1989 $475,000 Jpr RT Magnolia RT Grant Deed $360k · South State Bk Fr Svg
    — — Jpr Realty Trust — Deed Of Trust · related $175k · Patricia A Deagle
    — — Jpr Realty Trust — Deed Of Trust · related $1M · Rockland Tr
    — — Jpr Trust — Deed Of Trust · related $150k · Rockland Tr

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $920,000
      6.5%
      $850,000
      7%
      $790,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $865,000
      Market price range: $300k - $977k

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,040,000
      Current use
      INDUSTRIAL (GENERAL)
      $1,295,000
      Change: +25% Conversion: Moderate
      RETAIL STORES
      $1,185,000
      Change: +14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,180,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $1,155,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hanson
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.8525
    Latitude
    42.0431
    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
    $10,262
    $198,900
    $568,100
    $767,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      6.19 Acres

      141 Liberty St

      OFFICE/RESIDENTIAL (MIXED USE)
      141 Liberty St, Hanson, MA 02341-3101
      View Details
    • Value Estimation
      $535,000
      3,064 SF

      19 Mattakeesett St

      OFFICE/RESIDENTIAL (MIXED USE)
      19 Mattakeesett St, Hanson, MA 02341
      View Details
    • Value Estimation by Request
      2,440 SF

      22 Indian Head St

      OFFICE/RESIDENTIAL (MIXED USE)
      22 Indian Head St, Hanson, MA 02341-1708
      View Details
    • Value Estimation by Request
      1,447 SF

      200 Liberty St

      OFFICE/RESIDENTIAL (MIXED USE)
      200 Liberty St, Hanson, MA 02341-1161
      View Details
    • Value Estimation by Request
      1,346 SF

      495 Franklin St

      OFFICE/RESIDENTIAL (MIXED USE)
      495 Franklin St, Hanson, MA 02341-1506
      View Details
    • Value Estimation by Request
      1,038 SF

      50 Franklin St

      OFFICE/RESIDENTIAL (MIXED USE)
      50 Franklin St, Hanson, MA 02341-1807
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,664 SF

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      Versatile commercial property with high traffic and convenient location.
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      Commercial Building on Corner Lot

      Commercial building with 4,000+ sq ft and 30+ parking.
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      Corner Lot Funeral Home Building

      Updated funeral home building with 30+ parking spaces on a corner lot at a busy intersection in Hanson.
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    • $699,900
      4,084 SF

      Commercial Building on Corner Lot

      Commercial building with 4,000+ sq ft and 30+ parking.
      4 W Washington St, Hanson, MA 02341
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    • Contact for pricing

      Hanson Commercial Land Opportunity

      1.8-acre commercial land with approved plans for 7,250-SF building.
      84 Liberty St, Hanson, MA 02341
      View Details
    • $750,000
      0.91 Acres

      Hanson Commercial Building - Huge Potential

      Prime Hanson location, 4000+ sq ft, ample parking.
      4 Washington St, Hanson, MA 02341
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    Similar Nearby for Lease

    • $1,000 /Mo
      2,500 SF

      Indian Head Plaza Retail Space

      Centrally located retail space in Indian Head Plaza.
      270 Main St, Hanson, MA 02341
      View Details
    • $1,400 /Mo
      1,000 SF

      Updated Retail/Office Space Available

      Updated unit in a busy plaza on Route 27.
      270 Main St, Hanson, MA 02341
      View Details
    • Contact for pricing

      Flex Warehouse with Office & Dock

      Flex warehouse with offices, drive-in and loading dock access, and fully sprinklered racking on 8+ acres.
      121 Franklin St, Hanson, MA 02341
      View Details
    • Contact for pricing

      Renovated Commercial Space on Main

      Newly renovated commercial space with high visibility and access.
      1131 Main St, Hanson, MA 02341
      View Details
    • Contact for pricing
      2,500 SF

      Basement Unit in Indian Head Plaza

      Basement unit in well-established plaza, suitable for various businesses.
      270 Main St, Hanson, MA 02341
      View Details
    • Contact for pricing

      Studio Flex Space with Parking

      Newly renovated main-street studio with cathedral ceilings, natural light, and versatile zoning for wellness or creative use.
      1131 Main St, Hanson, MA 02341
      View Details
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    Hanson, MA 02341-1965
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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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