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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    365 Westgate Dr Brockton, MA 02301-1822

    • Office buildings
    • 1,871 SF
    • 2.12 lot acres
    OFF-MARKET
    Last Sale
    Nov 06, 2024
    $185,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0807962
    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

    • Golden Dream Jewelry / Jeweler
    • Gilbert Lafrance / Chiropractor
    • Balance Physical Therapy / Physical Therapist
    • Recovery Connection - Suboxone Office / Addiction Treatment Center

    Property Details for 365 Westgate Dr

    Year built
    1970
    Lot size
    2.12 lot acres
    Property size
    1,871 SF
    Zone code
    C2
    Property type
    Office buildings
    APN
    BROC M:015 R:112 S:
    APU
    BROCM015R112S

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Brockton
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -71.0546
    Latitude
    42.0972
    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
    $38,201
    $954,700
    $633,700
    $1,588,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,235,000
      5,040 SF

      48 Pearl St

      OFFICE BUILDING • 5,040 SF
      48 Pearl St, Brockton, MA 02301-1708
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    • Value Estimation
      $3,685,000
      60,211 SF

      144 Main St

      OFFICE BUILDING • 60,211 SF
      144 Main St, Brockton, MA 02301-4046
      View Details
    • Value Estimation
      $915,000
      3,891 SF

      1322 Belmont St

      OFFICE BUILDING • 3,891 SF
      1322 Belmont St, Brockton, MA 02301-4403
      View Details
    • Value Estimation
      $570,000
      1,746 SF

      15 Christy Dr

      OFFICE BUILDING • 1,746 SF
      15 Christy Dr, Brockton, MA 02301-1850
      View Details
    • Value Estimation
      $635,000
      1,995 SF

      1215 Chestnut St

      OFFICE BUILDING • 1,995 SF
      1215 Chestnut St, Brockton, MA 02301-5578
      View Details
    • Value Estimation by Request
      3,088 SF

      792 Main St

      OFFICE BUILDING • 3,088 SF
      792 Main St, Brockton, MA 02301-2541
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,120 SF

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      9,120 SF office building near Route 24 in Brockton.
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    • $159,900

      Brockton Office Unit For Sale

      Third-floor office unit with elevator access and central air.
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      High-traffic corner lot ideal for entrepreneurs, professionals, or investors.
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    • $800,000
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      Renovated Office and Garage Bays

      Renovated office space with garage bays on heavily traveled route.
      181 N Montello St, Brockton, MA 02301
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    • $750,000
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      Brockton Office Building, $750K

      Prime Office Space, High Visibility
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    • $1,699,000
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      High-traffic location, two buildings, 1.1 acres
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    Similar Nearby for Lease

    • Contact for pricing
      1,783 SF

      Brockton Office Space For Rent

      1,783 SF office space near medical facilities and public transit.
      348 N Pearl St, Brockton, MA 02301
      View Details
    • Contact for pricing
      7,210 SF

      Brockton Office Space for Lease

      7,210 sq ft, Fully Furnished, Prime Location
      55 Dr, Brockton, MA 02301
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    • Contact for pricing
      1,015 SF

      Prime Commercial Property For Lease

      Exceptional leasing opportunity with modern amenities and strategic location.
      71 Legion Pkwy, Brockton, MA 02301
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    • Contact for pricing
      7,210 SF

      Modern Office Space Available

      Modern office space for lease with immediate occupancy.
      55 Christy Dr, Brockton, MA 02301
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    • $1,200 /Mo

      Brockton Office Space For Lease

      450 sq ft office space available for immediate occupancy.
      1350 Belmont St, Brockton, MA 02301
      View Details
    • Contact for pricing
      2,250 SF

      Former Bank Space Available

      2,250 SF first-floor suite, former Bank of America.
      826 Belmont St, Brockton, MA 02301
      View Details
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    365 Westgate Dr
    Brockton, MA 02301-1822
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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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