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

    280 School St Mansfield, MA 02048-1840

    • Commercial land
    • 10.30 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1883967
    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

    • Best Buy / Electronics & Wireless Store
    • Tri-Town Chamber of Commerce / Business Service Center / Advocacy Group
    • Geek Squad / Tech Support Center / (Bike/Boat/Book/etc) Store
    • L.L.Bean / Clothing Store / Camping Store
    • QDOBA Mexican Eats / Take-out & Catering / Catering Service

    Property Details for 280 School St

    Lot size
    10.30 lot acres
    Property type
    Commercial land
    APN
    MANS M:012 B:017
    APU
    MANSM012B017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mansfield
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.229
    Latitude
    42.0131
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 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
    $4,603
    $241,400
    $0.00
    $241,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      297-301 Main St

      VACANT COMMERCIAL LAND • 0.28 Acres
      297-301 Main St, Mansfield, MA 02048
      View Details
    • Value Estimation by Request
      2.75 Acres

      55 Copeland Dr

      VACANT COMMERCIAL LAND • 2.75 Acres
      55 Copeland Dr, Mansfield, MA 02048-1220
      View Details
    • Value Estimation by Request
      0.16 Acres

      80th N Main St

      VACANT COMMERCIAL LAND • 0.16 Acres
      80th N Main St, Mansfield, MA 02048-2253
      View Details
    • Value Estimation by Request
      0.61 Acres

      51 Creeden St

      VACANT COMMERCIAL LAND • 0.61 Acres
      51 Creeden St, Mansfield, MA 02048
      View Details
    • Value Estimation by Request
      8.50 Acres

      280th School St

      VACANT COMMERCIAL LAND • 8.50 Acres
      280th School St, Mansfield, MA 02048-1810
      View Details
    • Value Estimation
      $2,815,000
      0.20 Acres

      37 Pratt St

      VACANT COMMERCIAL LAND • 0.20 Acres
      37 Pratt St, Mansfield, MA 02048
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      17.80 Acres

      Mansfield Industrial Land - 17.8 Acres

      Prime Industrial Land near Xfinity Center
      875 Main St, Mansfield, MA 02048
      View Details
    • $650,000
      27.67 Acres

      27-Acre Parcel in Mansfield, MA

      27-acre parcel for creating your own estate with privacy.
      451R Gilbert St, Mansfield, MA 02048
      View Details
    • $899,000

      Mansfield Airport Hangar - For Sale

      Spacious hangar, 6400 sq ft, prime location.
      295 Fruit St, Mansfield, MA 02048
      View Details
    • $3,295,000

      Mixed-Use Asset in Downtown Mansfield

      High-performing mixed-use property in Mansfield's commercial district.
      94-104 N Main St, Mansfield, MA 02048
      View Details
    • $375,000

      Mansfield Medical Office Suite

      Move-in Ready Medical Office Space
      450 Chauncy St, Mansfield, MA 02048
      View Details
    • New
      $725,000
      2,560 SF

      Mansfield Duplex on Corner Lot

      Two-family duplex on a large corner lot near amenities.
      1308-1310 East St, Mansfield, MA 02048
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Pad Ready Commercial Land

      Pad ready commercial land for lease with high traffic.
      234 Central St, Mansfield, MA 02048
      View Details
    • $23 SF/Yr
      41,382 SF

      Office Space in Mansfield, MA

      Class B office space available for lease in Mansfield.
      800 S Main St, Mansfield, MA 02048
      View Details
    • Contact for pricing
      1,555 SF

      Retail Space Available Now

      Retail space with convenient parking and strong traffic in Mansfield.
      321 School St, Mansfield, MA 02048
      View Details
    • Contact for pricing
      232,500 SF

      New Class A Distribution Warehouse

      Class A distribution warehouse with ample storage and freight rail.
      241 Francis Ave, Mansfield, MA 02048
      View Details
    • $900 /Mo
      500 SF

      Office Space in Wheeler Building

      Office space available in downtown Mansfield's Wheeler building.
      127-129 N Main St, Mansfield, MA 02048
      View Details
    • Contact for pricing
      113,037 SF

      High Bay Warehouse with Rail

      113,037 SF high bay warehouse with rail access available.
      31 Plymouth St, Mansfield, MA 02048
      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.
    280 School St
    Mansfield, MA 02048-1840
    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.