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

    311 Ctr Ave, Unit 347 Rockland, MA 02370-2613

    • Super regional malls
    • 19,800 SF
    • 1.95 lot acres
    OFF-MARKET
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1245272
    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

    • Clean And Crisp Laundromat / Laundromat

    Property Details for 311 Ctr Ave

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.95 lot acres
    Property size
    19,800 SF
    Zone code
    BUSINE
    Property type
    Super regional malls
    APN
    ROCK M:60 B:0 L:4
    APU
    ROCKM60B0L4

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $545,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $643,000
      Market price range: $407k - $1.64M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $770,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9262
    Latitude
    42.114
    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
    $30,603
    $273,000
    $1,903,600
    $2,176,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,255,000
      46,952 SF

      165 Market St

      REGIONAL SHOPPING CENTER, MALL • 46,952 SF
      165 Market St, Rockland, MA 02370-2633
      View Details
    • Value Estimation
      $1,120,000
      39,340 SF

      360 Market St, Unit 372

      REGIONAL SHOPPING CENTER, MALL • 39,340 SF
      360 Market St, Rockland, MA 02370-1935
      View Details
    • Value Estimation
      $1,095,000
      24,189 SF

      900 Hingham St

      REGIONAL SHOPPING CENTER, MALL • 24,189 SF
      900 Hingham St, Rockland, MA 02370-1049
      View Details
    • Value Estimation by Request
      4,531 SF

      218 Vfw Dr

      AUTO REPAIR, GARAGE • 4,531 SF
      218 Vfw Dr, Rockland, MA 02370-1130
      View Details
    • Value Estimation
      $1,780,000
      13,376 SF

      171 Vfw Dr

      RETAIL STORES (PERSONAL SERVICES) • 13,376 SF
      171 Vfw Dr, Rockland, MA 02370-1129
      View Details
    • Value Estimation
      $2,600,000
      27,492 SF

      61 Accord Park Dr

      AUTO REPAIR, GARAGE • 27,492 SF
      61 Accord Park Dr, Rockland, MA 02370-1043
      View Details

    Similar Nearby for Sale

    • $675,000

      Commercial Building For Sale

      Commercial building with high visibility and permitted business uses.
      49 Market St, Rockland, MA 02370
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    • $4,500,000
      13,585 SF

      Retail Property on Oversized Parcel

      NNN leased retail property on a large 2.9-acre parcel.
      75 Market St, Rockland, MA 02370
      View Details
    • $1,299,000
      1.82 Acres

      900 square foot industrial\/retail\/office building

      a 2
      Webster St, Rockland, MA 02370
      View Details
    • $595,000

      Rockland Two-Family Home For Sale

      Two-family home in good condition with updated features.
      737-739 Union St, Rockland, MA 02370
      View Details
    • $1,399,000

      Rockland 5-Unit Investment Property

      Meticulously maintained 5-unit building with expansion potential in Rockland.
      35-37 Salem St, Rockland, MA 02370
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    • $550,000

      Well-Maintained Two-Family Home

      Updated two-family home near town center with investment potential.
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    Similar Nearby for Lease

    • Contact for pricing
      4,531 SF

      Rockland Retail Space Available

      Retail space available for rent in Rockland, Massachusetts.
      218 Vfw Dr, Rockland, MA 02370
      View Details
    • $14 SF/Yr
      3,100 SF

      Warehouse with Showroom and Mezzanine

      3,400 SF warehouse/showroom with updated features and easy access.
      61-73 Reservoir Park Dr, Rockland, MA 02370
      View Details
    • $15 SF/Yr
      25,920 SF

      Rockland Industrial Warehouse Space

      Prime 3,744 SF Warehouse in Rockland, MA
      273 Weymouth St, Rockland, MA 02370
      View Details
    • Contact for pricing
      4,343 SF

      Rockland Office Space for Lease

      Class A office building with best-in-class amenities.
      1099 Hingham St, Rockland, MA 02370
      View Details
    • Contact for pricing
      6,000 SF

      Flex Condo Near Union Point

      6,000 SF flex condo with office and warehouse space.
      100 Weymouth St, Rockland, MA 02370
      View Details
    • $13 SF/Yr
      10,935 SF

      Versatile Flex Space Available

      Adaptable flex space featuring offices, conference rooms, and private amenities.
      40 Reservoir Park Dr, Rockland, MA 02370
      View Details

    Property Visit Statistics

    • Visits by month
      3.1k
    • Visitors by month
      3.3k
    • Avg Time on site
      17 min
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    311 Ctr Ave, Unit 347
    Rockland, MA 02370-2613
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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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