Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    340 Great Rd Acton, MA 01720-4020

    • Super regional malls
    • 38,552 SF
    • 5.34 lot acres
    OFF-MARKET
    Last Sale
    Jun 23, 2022
    $12,000,000
    Value Estimations
    $11,070,000
    Show details
    Cap Rate Potential
    7%
    Super regional malls
    Location Intelligence
    Property ID
    US38-0848391
    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

    • Luxe Nails and Spa Acton / Nail Salon
    • ATI Physical Therapy / Physical Therapist
    • Enterprise Bank / Financial Planner / Atm
    • Jo Karen Fine Lingerie & Activewear / Lingerie Store / Sportswear Store
    • Alyssa Ineson / Physical Therapist

    Property Details for 340 Great Rd

    Year built
    1985
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    5.34 lot acres
    Property size
    38,552 SF
    Property type
    Super regional malls
    APN
    ACTO M:00D4 B:0028 L:0000
    APU
    ACTOM00D4B0028L0000

    Description

    Acton Woods Plaza, located at 340 Great Rd, Acton, MA 01720, presents a compelling retail opportunity. This 42,677 square foot community shopping center sits on a 5.34-acre lot, boasting 325+ feet of frontage on Great Road (Route 2A) and Main Street (Route 27), ensuring exceptional visibility and accessibility. The property, built in 1985 and zoned for Limited Business use, offers multiple tenancy options with spaces ranging from a minimum of 1,155 square feet to a maximum contiguous space of 1,989 square feet. Ample parking is available with approximately 250 spaces. Acton Woods Plaza benefits from its strategic location near a variety of national and regional retailers, including Dollar Tree, Staples, Trader Joe's, McDonald's, Stop & Shop, Starbucks, and TJ Maxx, creating a strong synergy and high foot traffic. Current tenants include CVS Pharmacy, Enterprise Bank, ATI Physical Therapy, Blackbird Cafe, Precision Vision, Acton Bike Shop, and AAA, among others. This well-established center provides an ideal setting for businesses seeking to establish or expand their presence in a thriving Acton community. The property's excellent visibility, ample parking, and proximity to major retailers make it an attractive investment opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,285,000
      ML approach
      $8,110,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $17,210,000
      6.5%
      $15,885,000
      7%
      $14,750,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $14,578,000
      Market price range: $2.68M - $17.6M

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

    Location Insight

    • Map
    • Local Demand
    City
    Acton
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4205
    Latitude
    42.5019
    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
    $142,609
    $4,478,900
    $4,075,900
    $8,554,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      105,036 SF

      381 Massachusetts Ave

      REGIONAL SHOPPING CENTER, MALL • 105,036 SF
      381 Massachusetts Ave, Acton, MA 01720-3733
      View Details
    • Value Estimation
      $345,000
      12,168 SF

      485 Great Rd

      REGIONAL SHOPPING CENTER, MALL • 12,168 SF
      485 Great Rd, Acton, MA 01720-4162
      View Details
    • Value Estimation
      $255,000
      0.56 Acres

      401 Massachusetts Ave

      REGIONAL SHOPPING CENTER, MALL • 0.56 Acres
      401 Massachusetts Ave, Acton, MA 01720
      View Details
    • Value Estimation
      $880,000
      78,564 SF

      254 Great Rd

      REGIONAL SHOPPING CENTER, MALL • 78,564 SF
      254 Great Rd, Acton, MA 01720-4709
      View Details
    • Value Estimation
      $3,465,000
      18,159 SF

      425 Great Rd

      REGIONAL SHOPPING CENTER, MALL • 18,159 SF
      425 Great Rd, Acton, MA 01720-4188
      View Details
    • Value Estimation
      $440,000
      14,220 SF

      172 Great Rd

      REGIONAL SHOPPING CENTER, MALL • 14,220 SF
      172 Great Rd, Acton, MA 01720-5711
      View Details

    Similar Nearby for Sale

    • $1,125,000
      5,000 SF

      Acton Commercial Property: 61 Great Road

      Versatile Acton Commercial Space
      61 Great Rd, Acton, MA 01720
      View Details
    • Contact for pricing
      4,233 SF

      Retail Property in Acton, MA

      Retail property with 4,233 square feet of space.
      178 Great Rd, Acton, MA 01720
      View Details
    • $1,500,000

      Historic Landmark with Prime Frontage

      Historic landmark with excellent visibility in a vibrant commercial area.
      144 Great Rd, Acton, MA 01720
      View Details
    • $1,100,000
      4,186 SF

      Established Retail Building on 2A

      Boutique retail building with high visibility and conversion potential.
      6 Great Rd, Acton, MA 01720
      View Details
    • $1,100,000
      3,012 SF

      Acton Retail Building - $1.1M

      Prime Acton retail space, owner-user opportunity.
      6 Great Rd, Acton, MA 01720
      View Details
    • $259,900
      1,496 SF

      West Acton Village Retail Condo

      Prime commercial condo in vibrant West Acton, ideal for retail.
      25 Spruce St, Acton, MA 01720
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      23,000 SF

      Retail Space in Acton Center

      Neighborhood retail shopping center anchored by Donelan’s Supermarket.
      246-266 Great Rd, Acton, MA 01720
      View Details
    • Contact for pricing
      8,400 SF

      Retail Space in Acton Plaza

      Grocery-anchored neighborhood center in affluent Acton trade area.
      295-307 Main St, Acton, MA 01720
      View Details
    • Contact for pricing

      Retail Space Near Stop & Shop

      Retail space available near Stop & Shop and affluent communities.
      Acton, MA 01720
      View Details
    • Contact for pricing
      1,220 SF

      Retail Space in Acton Center

      Retail space available in a busy Acton shopping center.
      100 Powdermill Rd, Acton, MA 01720
      View Details
    • $19 SF/Yr
      16,800 SF

      Retail/Office Space in Acton

      3,000 SF retail/office space available in Acton, MA.
      77 Powder Ml Rd, Acton, MA 01720
      View Details
    • Contact for pricing
      75,529 SF

      Acton Retail Center: Prime Location

      Upscale Shops, High Traffic, Great Road
      145 Great Rd, Acton, MA 01720
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    340 Great Rd
    Acton, MA 01720-4020
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.