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    Property profile & analytics

    281 County St Attleboro, MA 02703

    • Showrooms
    • 6,061 SF
    • 0.85 lot acres
    For Lease
    View listing
    $2,600 /Mo
    Last Sale
    Feb 06, 2025
    $1,200,000
    Value Estimations
    $1,205,000
    Cap Rate Potential
    5.8%
    Showrooms
    Location Intelligence
    Property ID
    US38-1088002
    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 281 County St

    Year built
    1982
    Construction
    FRAME
    Lot size
    0.85 lot acres
    Property size
    6,061 SF
    Zone code
    GB
    Property type
    Showrooms
    APN
    ATTL M:44 L:630
    APU
    ATTLM44L630

    Description

    This exceptional 6,061 square foot office building, located at 281 County Street in Attleboro, Massachusetts, presents a compelling investment opportunity. Built in 1982 and extensively renovated in 2014, this Class B property boasts a desirable location with high traffic counts. The building sits on a substantial 37,026 square foot lot and is zoned for a variety of uses, making it ideal for a range of professional businesses. Currently configured as a single unit, the property offers flexibility for diverse tenants, including medical practices, dental offices, daycare centers, physical therapy clinics, salons, or spas. The asking price is $1,325,000, translating to $218.61 per square foot. This stabilized investment property is perfect for those seeking a strong return. The property's versatility, combined with its prime location and recent renovations, makes it an attractive prospect for discerning investors. The building's single-story design offers convenient access and ample parking. This is a rare opportunity to acquire a well-maintained, adaptable commercial space in a thriving Massachusetts community. The sale allows for a 1031 exchange. Contact us today to learn more about this exceptional property.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,230,000
      ML approach
      $1,195,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,195,000
      6.5%
      $1,100,000
      7%
      $1,025,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,415,000
      Market price range: $630k - $2.00M
      AI Estimate
      $816,000
      Market price range: $290k - $1.08M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,200,000
      Current use
      RESTAURANT
      $1,420,000
      Change: +18% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $1,080,000
      Change: -10% Conversion: Difficult
      RETAIL STORES
      $995,000
      Change: -17% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $970,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Attleboro
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.2997
    Latitude
    41.9347
    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
    $23,272
    $346,600
    $864,200
    $1,210,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $970,000
      8,007 SF

      159 Pleasant St

      SHOW ROOM, WAREHOUSE • 8,007 SF
      159 Pleasant St, Attleboro, MA 02703-2422
      View Details
    • Value Estimation
      $1,480,000
      3,740 SF

      687 Main St

      SHOW ROOM, WAREHOUSE • 3,740 SF
      687 Main St, Attleboro, MA 02703-1518
      View Details
    • Value Estimation by Request
      3,753 SF

      155 Main St

      SHOW ROOM, WAREHOUSE • 3,753 SF
      155 Main St, Attleboro, MA 02703-2225
      View Details
    • Value Estimation
      $785,000
      4,958 SF

      5 Maynard St

      SHOW ROOM, WAREHOUSE • 4,958 SF
      5 Maynard St, Attleboro, MA 02703-3005
      View Details
    • Value Estimation
      $1,240,000
      7,225 SF

      154 Pleasant St

      SHOW ROOM, WAREHOUSE • 7,225 SF
      154 Pleasant St, Attleboro, MA 02703-2443
      View Details
    • Value Estimation by Request
      2,356 SF

      202 County St

      SHOW ROOM, WAREHOUSE • 2,356 SF
      202 County St, Attleboro, MA 02703-3535
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15.00 Acres

      Former Retail Space in Attleboro

      Over 30,000 sqft retail space with loading docks.
      219 S Main St, Attleboro, MA 02703
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    • $3,200,000
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      Retail Property on Washington Street

      Retail property for sale with 2,300 square feet of space.
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      Three-unit investment property on a double lot near Attleboro High.
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      Well-Maintained Two-Family Home

      Two-family home near Attleboro center with long-term tenants.
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    • $5,495,000
      47,764 SF

      Manufacturing Facility on 7.81 Acres

      47,764 SF manufacturing facility on 7.81 acres for sale.
      1299 County St, Attleboro, MA 02703
      View Details

    Similar Nearby for Lease

    • $14 SF/Yr
      1,900 SF

      Retail Pad Sites Available

      Two pad sites available in front of a retail plaza.
      217 S Main St, Attleboro, MA 02703
      View Details
    • Contact for pricing
      1,200 SF

      Attleboro Retail Space for Lease

      Versatile 1,200 sq ft retail space in Attleboro.
      685 Washington St, Attleboro, MA 02703
      View Details
    • Contact for pricing
      8,424 SF

      Retail Space on Route 1

      Retail space with high visibility on Route 1.
      1A Highland Ave, Attleboro, MA 02703
      View Details
    • $22 SF/Yr
      5,000 SF

      Retail/Office Space Available

      5000' retail/office space in high-traffic location.
      104 N Main St, Attleboro, MA 02703
      View Details
    • $6 SF/Yr

      Former Big Lots Retail Space

      Over 30,000 sqft retail space with loading docks available for lease.
      219 S Main St, Attleboro, MA 02703
      View Details
    • Contact for pricing
      41,388 SF

      Prime Retail Space, Route 1

      High-traffic location, multiple units available
      252 Washington St, Attleboro, MA 02703
      View Details
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    281 County St
    Attleboro, MA 02703
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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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