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    35 Highland Ave Seekonk, MA 02771
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    Property profile & analytics

    35 Highland Ave Seekonk, MA 02771

    View on Map
    • Super regional malls
    • 107,352 SF
    • 15.30 lot acres
    For Lease
    $19,380,000
    View Listing →
    Retail Space with Pylon Signage For Lease
    $19,380,000

    Retail Space with Pylon Signage

    Retail spaces available with high traffic and pylon signage.

    35 Highland Ave, Seekonk, MA 2771
    View Listing
    Property ID
    US38-0800681
    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
    $19,380,000
    Cap Rate Potential
    5.5%
    Super regional malls
    Location Intelligence

    Current Use by Public Records

    • Ocean State Job Lot / Discount Store
    • Chipotle Mexican Grill / Restaurant

    Property Details for 35 Highland Ave

    Year built
    1995
    Lot size
    15.30 lot acres
    Property size
    107,352 SF
    Zone code
    HB
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    SEEK M:0080 B:0000 L:00330
    APU
    SEEKM0080B0000L00330

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $25,705,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $23,625,000
      6.5%
      $21,805,000
      7%
      $20,250,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $17,117,000
      Market price range: $9.23M - $20.5M

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $16,395,000
      Current use
      RESTAURANT
      $25,125,000
      Change: +53% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $19,105,000
      Change: +17% Conversion: Difficult
      RETAIL STORES
      $17,615,000
      Change: +7% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $17,185,000
      Change: +5% Conversion: Difficult
      OFFICE BUILDING
      $16,400,000
      Change: +0% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $15,990,000
      Change: -2% Conversion: Easy
      WAREHOUSE, STORAGE
      $14,200,000
      Change: -13% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Seekonk
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.3392
    Latitude
    41.8025
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 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
    $328,387
    $2,495,400
    $9,822,200
    $12,317,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,365,000
      10,654 SF

      1165 Fall Riv Ave

      REGIONAL SHOPPING CENTER, MALL • 10,654 SF
      1165 Fall Riv Ave, Seekonk, MA 02771-5947
      View Details
    • Value Estimation
      $10,485,000
      121,346 SF

      140 Taunton Ave

      REGIONAL SHOPPING CENTER, MALL • 121,346 SF
      140 Taunton Ave, Seekonk, MA 02771-5330
      View Details
    • Value Estimation by Request
      2,361 SF

      1393 Fall Riv Ave

      REGIONAL SHOPPING CENTER, MALL • 2,361 SF
      1393 Fall Riv Ave, Seekonk, MA 02771
      View Details
    • Value Estimation
      $8,215,000
      102,015 SF

      1275 Fall Riv Ave

      REGIONAL SHOPPING CENTER, MALL • 102,015 SF
      1275 Fall Riv Ave, Seekonk, MA 02771-5905
      View Details
    • Value Estimation
      $1,180,000
      10,560 SF

      301 Taunton Ave

      REGIONAL SHOPPING CENTER, MALL • 10,560 SF
      301 Taunton Ave, Seekonk, MA 02771-5200
      View Details
    • Value Estimation
      $8,970,000
      96,462 SF

      150 Highland Ave

      REGIONAL SHOPPING CENTER, MALL • 96,462 SF
      150 Highland Ave, Seekonk, MA 02771-5800
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      156 Taunton Ave, Seekonk, MA 02771

      Retail space
      156 Taunton Ave, Seekonk, MA 02771
      View Details
    • Contact for pricing
      2,000 SF

      Freestanding Restaurant with Drive-Thru

      2,000 SF restaurant with drive-thru, excellent visibility and signage.
      623 Fall River Ave, Seekonk, MA 02771
      View Details
    • Contact for pricing
      2.90 Acres

      Industrial Land: Seekonk, MA

      2.9 Acres, Prime Location
      75 Industrial Way, Seekonk, MA 02771
      View Details
    • $200,000
      5.65 Acres

      Wooded Land in Seekonk, MA

      5.65 acre wooded lot with access easement.
      Woodland Ave, Seekonk, MA 02771
      View Details
    • $100,000
      Pending

      Residential Land in Seekonk, MA

      0.65 acre lot in a convenient Seekonk location.
      Sagamore Rd, Seekonk, MA 02771
      View Details
    • $849,900

      Meticulous Two-Unit Property

      Two-unit property with quality details, refinished basement, and convenient location.
      319 Central Ave North, Seekonk, MA 02771
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Space with Pylon Signage

      Retail spaces available with high traffic and pylon signage.
      35 Highland Ave, Seekonk, MA 02771
      View Details
    • $12 SF/Yr
      13,500 SF

      Retail Space in Seekonk, MA

      Retail space for lease in a high-traffic Seekonk location.
      1275-1335 Fall River Ave, Seekonk, MA 02771
      View Details
    • $2,800 /Mo

      Commercial/Retail Space for Lease

      Large commercial space suitable for retail, salon, spa, childcare.
      549 Central Ave, Seekonk, MA 02771
      View Details
    • Contact for pricing

      Retail Pads Available For Lease

      Retail pads available for lease, up to 7,500 SF each.
      1110 Fall River Ave, Seekonk, MA 02771
      View Details
    • Contact for pricing

      Retail Pads Available For Lease

      Two retail pads available for lease, up to 7,500 SF.
      1110 Fall River Ave, Seekonk, MA 02771
      View Details
    • Contact for pricing

      Retail/Restaurant Space Available for Lease

      Retail or restaurant space available for lease.
      1151 Fall River Ave, Seekonk, MA 02771
      View Details
    View Listing
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    Seekonk, MA 02771
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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.

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