Property profile

285 Water St Rockland, MA 02370

OFF-MARKET
Investment properties
Property ID
US38-1088386
3,956 SF 0.68 ac lot Built 1962
Trust Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 3,956 SF
Lot 0.68 ac (29,534 SF)
Zoning code RESIDE
APN ROCK M:50 B:0 L:21
UPID US38-1088386

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
  • Auto Repair Shop

Location

285 Water St Rockland, MA 02370-2479
Rockland metro Census 502101 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
$590k
Comparable Approach Comparable
$370k
Blend (final) Blend
$305k

Owner & transaction history

since 2020
3 recorded transactions
2020
Price N/A
1988
Price N/A
1988
Price N/A

Zoning & alternative use

RESIDE · Rockland, MA
Top alternative use upside
Retail stores $820,000 +13.9%
Auto repair, garage $820,000 +13.6%
Office building $800,000 +10.9%

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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