Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    40 Reservoir Park Dr Rockland, MA 02370-1099
    Back to Search
    Property profile & analytics

    40 Reservoir Park Dr Rockland, MA 02370-1099

    View on Map
    • Office buildings
    • 30,061 SF
    • 2.51 lot acres
    For Lease
    $13 SF/Yr
    View Listing →
    Versatile Flex Space Available For Lease
    $13 SF/Yr
    10,935 SF

    Versatile Flex Space Available

    Adaptable flex space featuring offices, conference rooms, and private amenities.

    40 Reservoir Park Dr, Rockland, MA
    View Listing
    Property ID
    US38-1668727
    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
    $2,785,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apparel 2000 Embroidery, now known as LogoVinci / Factory / Production Facility
    • FINTRX / (Bike/Boat/Book/etc) Store / Corporate Office
    • Weymouth Food Pantry / Food Bank / Charitable Organization
    • D Smith Associates / Association Or Organization
    • Kitchen Concepts / General Contractor / Renovation Specialist

    Property Details for 40 Reservoir Park Dr

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.51 lot acres
    Property size
    30,061 SF
    Zone code
    INDUST
    Property type
    Office buildings
    APN
    ROCK M:8 B:0 L:31
    APU
    ROCKM8B0L31

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,110,000
      ML approach
      $3,290,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,286,000
      Market price range: $834k - $4.25M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9064
    Latitude
    42.1603
    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
    $47,721
    $375,700
    $3,018,400
    $3,394,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,595,000
      8,120 SF

      24 School St

      OFFICE BUILDING • 8,120 SF
      24 School St, Rockland, MA 02370
      View Details
    • Value Estimation
      $5,505,000
      30,183 SF

      1001 Hingham St

      OFFICE BUILDING • 30,183 SF
      1001 Hingham St, Rockland, MA 02370-3318
      View Details
    • Value Estimation by Request
      3,726 SF

      265 Pln St

      OFFICE BUILDING • 3,726 SF
      265 Pln St, Rockland, MA 02370-2306
      View Details
    • Value Estimation
      $515,000
      2,240 SF

      25 Accord Park Dr

      OFFICE BUILDING • 2,240 SF
      25 Accord Park Dr, Rockland, MA 02370-1081
      View Details
    • Value Estimation
      $7,125,000
      45,428 SF

      160 Weymouth St, Unit 180

      OFFICE BUILDING • 45,428 SF
      160 Weymouth St, Rockland, MA 02370-1136
      View Details
    • Value Estimation
      $1,105,000
      15,234 SF

      295 Un St, Unit 305

      OFFICE BUILDING • 15,234 SF
      295 Un St, Rockland, MA 02370-1844
      View Details

    Similar Nearby for Sale

    • $2,950,000
      25,620 SF

      Renovated Office Building For Sale

      Renovated office building near Route 3 with flexible space.
      55 Accord Park Dr, Rockland, MA 02370
      View Details
    • $799,900
      Pending

      Farmhouse Colonial and Modern Townhouse

      Two-family property with historic charm and modern functionality.
      375-379 Webster St, Rockland, MA 02370
      View Details
    • $4,500,000
      13,585 SF

      Retail Property on Oversized Parcel

      NNN leased retail property on a large 2.9-acre parcel.
      75 Market St, Rockland, MA 02370
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      4,343 SF

      Rockland Office Space for Lease

      Up to 14,322 SF available in Rockland, MA.
      1099 Hingham St, Rockland, MA 02370
      View Details
    • $19 SF/Yr

      Class B Office in Rockland

      Class B office building in Accord Business Park for rent.
      55 Accord Park Dr, Rockland, MA 02370
      View Details
    • $22 SF/Yr

      Class A Office Space Available

      Furnished office space with high-end finishes, convenient location.
      302 Weymouth St, Rockland, MA 02370
      View Details
    • Contact for pricing
      1,850 SF

      Class A Furnished Office

      Class A office space available for rent, fully furnished.
      302 Weymouth St, Rockland, MA 02370
      View Details
    • Contact for pricing

      Renovated Office/Warehouse Space Available

      Well-maintained, renovated office/warehouse space in a convenient location.
      25 Accord Park Dr, Rockland, MA 02370
      View Details
    • Contact for pricing
      1,200 SF

      Rockland Office Space For Lease

      Office space for lease with ample parking and high visibility.
      900-938 Hingham St, Rockland, MA 02370
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    40 Reservoir Park Dr
    Rockland, MA 02370-1099
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    40 Reservoir Park Dr, Rockland, MA, 02370
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!