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

    44 Granite St Braintree, MA 02184

    • Retail space
    • 33,516 SF
    • 0.66 lot acres
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1115668
    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

    • FedEx Office Print & Ship Center / Print Shop / Promotional Products Supplier
    • Landry's Bicycles / Bicycle Shop
    • Men's Wearhouse / Wedding Store / Work Clothes Store
    • FedEx Drop Box / Mailing Service
    • Rush My Passport / Passport Photo Processor / Visa And Passport Office

    Property Details for 44 Granite St

    Year built
    1972
    Construction
    STEEL FRAME
    Lot size
    0.66 lot acres
    Property size
    33,516 SF
    Zone code
    HBD
    Property type
    Retail space
    APN
    BRAI M:2057 B:0 L:6K
    APU
    BRAIM2057B0L6K

    Description

    This exceptional 6,868-square-foot retail space is available for lease at 44 Granite Street in Braintree, Massachusetts. Located in Norfolk County, this single-tenant property offers a significant opportunity for businesses seeking a prominent location. The entire building is currently vacant, presenting a blank canvas for a new tenant to customize the space to their exact specifications. The property's street-level retail configuration ensures high visibility and accessibility for customers. The address, 44 Granite Street, provides excellent street frontage and is situated within a well-established commercial area of Braintree, offering convenient access to major roadways and ample parking (parking details not provided). This property is ideal for a variety of retail uses, providing a substantial footprint for a flagship store or a large-scale retail operation. The building's size and layout offer flexibility for various retail concepts. The property is ready for immediate occupancy, allowing for a swift and efficient transition for the new tenant. Interested parties are encouraged to inquire for further details and leasing information. The property is located in Braintree, MA, zip code 02184. The geographic coordinates are latitude 42.2263439 and longitude -71.0312977.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $5,323,000
      Market price range: $5.32M - $14.8M

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

    Location Insight

    • Map
    • Local Demand
    City
    Braintree
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0315
    Latitude
    42.2263
    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
    $61,520
    $743,100
    $2,294,900
    $3,038,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,090,000
      12,320 SF

      1000 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 12,320 SF
      1000 Washington St, Braintree, MA 02184-5456
      View Details
    • Value Estimation
      $1,605,000
      10,673 SF

      269 Quincy Ave

      RETAIL STORES (PERSONAL SERVICES) • 10,673 SF
      269 Quincy Ave, Braintree, MA 02184
      View Details
    • Value Estimation
      $1,500,000
      7,575 SF

      476 Quincy Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,575 SF
      476 Quincy Ave, Braintree, MA 02184-1346
      View Details
    • Value Estimation
      $1,515,000
      9,033 SF

      900 Washington St, Unit 912

      RETAIL STORES (PERSONAL SERVICES) • 9,033 SF
      900 Washington St, Braintree, MA 02184-5449
      View Details
    • Value Estimation
      $825,000
      5,896 SF

      20 Brookside Rd

      RETAIL STORES (PERSONAL SERVICES) • 5,896 SF
      20 Brookside Rd, Braintree, MA 02184-5106
      View Details
    • Value Estimation
      $820,000
      4,112 SF

      753 Granite St

      RETAIL STORES (PERSONAL SERVICES) • 4,112 SF
      753 Granite St, Braintree, MA 02184-5328
      View Details

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    Similar Nearby for Lease

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      6,868 SF

      Braintree Retail Space For Lease

      Prime 6,868 SF Retail Space in Braintree, MA
      44 Granite St, Braintree, MA 02184
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      4,100 SF

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      Retail space with high visibility and traffic.
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    • $1,800 /Mo

      Renovated Duplex in Braintree Center

      Renovated duplex with open space, parking, and easy access.
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      2,530 SF

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      Retail space available for lease in Braintree, Massachusetts.
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      5,600 SF

      Braintree Retail Space Available

      5,600 SF retail space for lease in Braintree, MA.
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      4,250 SF

      Retail Space with Drive-Thru

      4,250 SF retail space with drive-thru available for lease.
      125 Union St, Braintree, MA 02184
      View Details
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    Braintree, MA 02184
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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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