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    Property profile & analytics

    3138 Cranberry Hwy East Wareham, MA 02538-4806

    • Turn key restaurants
    • 6,412 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimation
    $1,120,000
    Last Sale
    Aug 31, 2023
    $1,272,511
    Location Intelligence
    Property ID
    US38-1133412
    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

    • Towne Tavern / American Restaurant

    Property Details for 3138 Cranberry Hwy

    Year built
    1979
    Construction
    FRAME
    Lot size
    1.06 lot acres
    Property size
    6,412 SF
    Property type
    Turn key restaurants
    APN
    WARE M:0007A B:001 L:0000A
    APU
    WAREM0007AB001L0000A

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,025,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,420,000
      6.5%
      $1,345,000
      7%
      $1,280,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,340,000
      Geo Method
      $1,435,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,325,000
      Retail
      $1,310,000
      Mixed-Use
      $1,385,000
      Hospitality
      $1,280,000
      Educational
      $1,185,000
      Residential Income
      $1,370,000
      Energy
      $1,205,000
      Income-Based Land
      $1,280,000
      Food Service
      $1,200,000

    Location Insight

    • Map
    • Local Demand
    City
    East Wareham
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.6357
    Latitude
    41.7534
    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
    $11,432
    $194,400
    $784,400
    $978,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $290,000
      2,791 SF

      3136 Cranberry Hwy

      RESTAURANT • 2,791 SF
      3136 Cranberry Hwy, East Wareham, MA 02538-4806
      View Details
    • Value Estimation
      $740,000
      2,944 SF

      3025 Cranberry Hwy

      RESTAURANT • 2,944 SF
      3025 Cranberry Hwy, East Wareham, MA 02538-1356
      View Details
    • Value Estimation by Request
      4,956 SF

      3056 Cranberry Hwy

      RESTAURANT • 4,956 SF
      3056 Cranberry Hwy, East Wareham, MA 02538-4804
      View Details
    • Value Estimation
      $1,995,000
      3,189 SF

      3012th Cranberry Hwy

      RESTAURANT • 3,189 SF
      3012th Cranberry Hwy, East Wareham, MA 02538-1338
      View Details
    • Value Estimation
      $205,000
      1,481 SF

      3126 Cranberry Hwy

      RESTAURANT • 1,481 SF
      3126 Cranberry Hwy, East Wareham, MA 02538-4806
      View Details
    • Value Estimation
      $225,000
      3,727 SF

      3198 Cranberry Hwy

      RESTAURANT • 3,727 SF
      3198 Cranberry Hwy, East Wareham, MA 02538-4731
      View Details

    Similar Nearby for Sale

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    • $55,000

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      Partially cleared lot with beach rights and boat ramp access.
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    Similar Nearby for Lease

    • Contact for pricing

      Former Restaurant Space Available

      1,712 SF restaurant space for lease on 0.75 acres.
      East Wareham, MA 02538
      View Details
    • $5,000 /Mo

      Wareham Landmark Restaurant For Lease

      Famous restaurant with large parking lot available for lease.
      3126 Cranberry Hwy, Wareham, MA 02538
      View Details
    • Contact for pricing
      1,712 SF

      Wareham Retail Space For Lease

      High-traffic location, 1712 sq ft.
      3020 Cranberry Hwy, Wareham, MA 02538
      View Details
    • Contact for pricing
      316,852 SF

      Wareham Retail Plaza - Prime Location

      Four Suites Available, High Visibility
      2899 Cranberry Hwy, Wareham, MA 02538
      View Details
    • $18 SF/Yr

      Wareham Retail/Office Space Available

      1353 sq ft unit in mixed-use plaza for lease.
      3119 F, Wareham, MA 02538
      View Details
    • $18 SF/Yr

      Wareham Retail/Office Space Available

      Mixed-use plaza with flexible units on high-traffic Route 6.
      3119 Cranberry Hwy, Wareham, MA 02538
      View Details
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    East Wareham, MA 02538-4806
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    Realmo Value Estimation

    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.

    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.

    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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