Property profile

355 Wareham St Middleboro, MA 02346

FOR LEASE
Commercial real estate
Property ID
US38-0005486
1,320 SF 2.37 ac lot Built 1949
Individually Owned 2-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional Middleboro investment property presents a rare opportunity to acquire a substantial multi-unit complex boasting a total of 18,644 square feet across eleven individual units. The property comprises two main buildings, one constructed in 2018 with 9,900 square feet and a second built in 2019 encompassing 7,424 square feet. A renovated 1,320-square-foot garage, completed in 2019, adds further functionality. Each unit is thoughtfully designed with a private bath and dedicated office space, catering to a diverse range of tenants. The property features modern utilities, including well water and electric service. Efficient floor draining systems are integrated into tight tanks for effective waste management. Heating is provided by individual propane unit heaters within each unit. The property sits on a generous two-acre lot, offering ample space and potential for future expansion or development. Priced at $2,599,000, this turnkey investment presents a strong return on investment potential due to its modern construction, multiple income streams, and desirable location in Middleboro, MA. The property's recent construction and well-maintained condition minimize immediate capital expenditure needs, making it an attractive proposition for savvy investors seeking a stable and profitable addition to their portfolio.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1949
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 1,320 SF
Lot 2.37 ac (103,124 SF)
APN MIDD M:00072 L:5542 U:0000
UPID US38-0005486

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

355 Wareham St Middleboro, MA 02346
Middleboro metro Census 542101 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$180k

Owner & transaction history

since 2024
Last sale
$255,000
7 recorded transactions
2024
$255,000
2020
Price N/A
2018
Price N/A
2016
$150,000
2012
$150,000
2010
$1
2010
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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