Property profile

40 Reservoir Park Dr Rockland, MA 02370

OFF-MARKET
Office buildings
Property ID
US38-1668727
30,061 SF 2.51 ac lot Built 1986
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 10,935-square-foot flex space is configured for a range of business uses and includes eight private offices for dedicated work areas. It features three conference rooms, including two rooms over 300 square feet and one room of approximately 250 square feet, suitable for meetings and presentations. The interior is equipped with three kitchenettes, four private bathrooms, and two showers. The layout includes two private entrances and access to two outdoor patios.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1986
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 30,061 SF
Lot 2.51 ac (109,336 SF)
Zoning code INDUST
APN ROCK M:8 B:0 L:31
UPID US38-1668727

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Factory Production Facility
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Food Bank Charitable Organization
  • Association Or Organization
  • General Contractor Renovation Specialist

Location

40 Reservoir Park Dr Rockland, MA 02370-1099
Rockland metro Census 502200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.29M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.29M
Blend (final) Blend
$3.11M

Owner & transaction history

since 2020
Last sale
$2.6M
7 recorded transactions
2022
Price N/A
2020
$2.6M
2017
$2.6M
2016
Price N/A
2009
Price N/A
2007
$2.2M
1996
Price N/A

Zoning & alternative use

INDUST · Rockland, MA

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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