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    Property profile & analytics

    35 N Main St Randolph, MA 02368

    • Retail space
    • 3,416 SF
    • 0.15 lot acres
    For Sale
    View listing
    $1,200,000
    Last Sale
    Feb 14, 2020
    $666,000
    Value Estimations
    Cap Rate Potential
    5.1%
    Retail space
    Location Intelligence
    Property ID
    US38-0561785
    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

    • Retail space

    Property Details for 35 N Main St

    Year built
    1900
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    3,416 SF
    Zone code
    CSBD
    Property type
    Retail space
    APN
    RAND M:53 B:C L:003
    APU
    RANDM53BCL003

    Description

    This exceptional investment opportunity presents a three-unit commercial building situated on a prominent Main Street location in Randolph, Massachusetts. The property encompasses 0.15 acres of land and is offered at $1,300,000. A key feature of this offering is the inclusion of an established pizza restaurant, providing immediate income potential for the new owner. The building's precise square footage is not currently available. However, its prime location on a main thoroughfare ensures high visibility and accessibility for all three commercial units. This makes it an attractive proposition for both established businesses and new ventures seeking a high-traffic location. The property's three-unit configuration offers flexibility for a variety of uses, allowing for potential expansion or diversification of income streams. This presents a unique chance to acquire a well-positioned commercial property with an existing, successful business already in place, minimizing the initial setup costs and risks often associated with new ventures. The strong location and existing tenant provide a solid foundation for a profitable investment. Serious inquiries are encouraged to explore this promising opportunity further. Further details regarding the individual unit sizes and lease terms are available upon request.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $970,000
      6.5%
      $895,000
      7%
      $830,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $820,000
      Market price range: $543k - $1.51M
      AI Estimate
      $518,000
      Market price range: $297k - $886k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,000,000
      Current use
      AUTO REPAIR, GARAGE
      $1,100,000
      Change: +10% Conversion: Difficult
      OFFICE BUILDING
      $1,000,000
      Change: +0% Conversion: Easy
      COMMERCIAL (GENERAL)
      $875,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0416
    Latitude
    42.1636
    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
    $10,956
    $391,677
    $102,500
    $494,177
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      3,600 SF

      334 Main St

      RETAIL STORES (PERSONAL SERVICES) • 3,600 SF
      334 Main St, Randolph, MA 02368-4102
      View Details
    • Value Estimation by Request
      1,358 SF

      1115 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,358 SF
      1115 Main St, Randolph, MA 02368-2121
      View Details
    • Value Estimation
      $645,000
      2,332 SF

      1112 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,332 SF
      1112 Main St, Randolph, MA 02368-2132
      View Details
    • Value Estimation
      $690,000
      6,211 SF

      1207 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,211 SF
      1207 Main St, Randolph, MA 02368-2135
      View Details
    • Value Estimation
      $665,000
      3,197 SF

      907 Nn St

      RETAIL STORES (PERSONAL SERVICES) • 3,197 SF
      907 Nn St, Randolph, MA 02368-3220
      View Details
    • Value Estimation by Request
      1,860 SF

      603 Main St

      RETAIL STORES (PERSONAL SERVICES) • 1,860 SF
      603 Main St, Randolph, MA 02368-5501
      View Details

    Similar Nearby for Sale

    • $1,200,000

      Turn-Key Retail Investment Opportunity

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    Similar Nearby for Lease

    • $20 SF/Yr
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      Randolph Retail End Cap Space

      High-traffic location, 2500 sq ft available.
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    • Contact for pricing
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      Prime Retail Space - Norfolk County

      40,074 SF Shopping Center - 6,400 SF Available
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      2,200 SF

      Retail Space in Randolph Center

      Retail space in a high-traffic Randolph shopping center.
      19 Memorial Pkwy, Randolph, MA 02368
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    • Contact for pricing
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      Retail Space in Randolph Center

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    • Contact for pricing
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      Prime Randolph Retail Space

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    35 N Main St
    Randolph, MA 02368
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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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