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    31 Commercial St Sharon, MA 02067
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    Property profile & analytics

    31 Commercial St Sharon, MA 02067

    View on Map
    • Showrooms
    • 101,171 SF
    • 11.12 lot acres
    For Lease
    $16,710,000
    View Listing →
    40,000 SF Warehouse Available For Lease
    $16,710,000
    40,000 SF

    40,000 SF Warehouse Available

    40,000 SF warehouse space for lease near I-95.

    31 Commercial St, Sharon, MA
    View Listing
    Property ID
    US38-1816222
    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
    $16,710,000
    Cap Rate Potential
    4.6%
    Showrooms
    Location Intelligence

    Current Use by Public Records

    • Staples Sharon Fleet / Distribution Center
    • Zenith Warehouse / Freight Service / Logistics Company

    Property Details for 31 Commercial St

    Year built
    1995
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.12 lot acres
    Property size
    101,171 SF
    Zone code
    LI
    Property type
    Showrooms
    APN
    SHAR M:076 B:011 L:000
    APU
    SHARM076B011L000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $21,140,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $16,290,000
      6.5%
      $15,035,000
      7%
      $13,960,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $15,387,000
      Market price range: $15.4M - $40.3M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $25,895,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sharon
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.235
    Latitude
    42.1121
    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
    $243,160
    $2,349,200
    $11,482,400
    $13,831,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,060,000
      31,680 SF

      1200 Providence Hwy

      SHOW ROOM, WAREHOUSE • 31,680 SF
      1200 Providence Hwy, Sharon, MA 02067-1667
      View Details
    • Value Estimation
      $2,530,000
      26,160 SF

      6 Commercial St

      SHOW ROOM, WAREHOUSE • 26,160 SF
      6 Commercial St, Sharon, MA 02067-1613
      View Details
    • Value Estimation
      $690,000
      4,070 SF

      374 Old Post Rd

      SHOW ROOM, WAREHOUSE • 4,070 SF
      374 Old Post Rd, Sharon, MA 02067-1622
      View Details
    • Value Estimation
      $10,500,000
      114,464 SF

      1205 Providence Hwy

      SHOW ROOM, WAREHOUSE • 114,464 SF
      1205 Providence Hwy, Sharon, MA 02067-1671
      View Details
    • Value Estimation
      $1,180,000
      10,642 SF

      450 Main St

      SHOW ROOM, WAREHOUSE • 10,642 SF
      450 Main St, Sharon, MA 02067-1172
      View Details
    • Value Estimation
      $605,000
      4,100 SF

      88 Pond St

      SHOW ROOM, WAREHOUSE • 4,100 SF
      88 Pond St, Sharon, MA 02067-2065
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,950 SF

      Downtown Sharon Dual-Unit Commercial Property

      Dual-unit commercial property in Downtown Sharon, offering income and flexibility.
      10 Billings St, Sharon, MA 02067
      View Details
    • Contact for pricing

      Downtown Sharon Investment Opportunity

      Fully leased commercial property in a high-visibility downtown location.
      10 Billings St, Sharon, MA 02067
      View Details
    • $2,500,000

      Prime Commercial Land I-95 Frontage

      7.07-acre commercial parcel with high visibility and accessibility.
      4 General Edwards Hwy, Sharon, MA 02067
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,502 SF

      Retail Space Near Costco, I-95

      Retail space available near Costco and I-95.
      5 Lynncrest Rd, Sharon, MA 02067
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Sharon Marketplace

      Retail space available in Shaw’s anchored shopping center.
      740 S Main St, Sharon, MA 02067
      View Details
    • Contact for pricing

      Community Shopping Center Near I-95

      Community shopping center anchored by Shaw's near I-95.
      700 S Main St, Sharon, MA 02067
      View Details
    • $1,300 /Mo

      Versatile Commercial Space in Sharon

      Adaptable commercial space suitable for various businesses in prime location.
      10 E Chestnut St, Sharon, MA 02067
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, ranging from 2,000 to 160,000 SqFt.
      144 Old Post Rd, Sharon, MA 02067
      View Details
    • $4,600 /Mo

      Updated Office Space Available

      Handicapped accessible office with finished basement for lease.
      46 South Main St, Sharon, MA 02067
      View Details
    View Listing
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    31 Commercial St
    Sharon, MA 02067
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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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