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Property profile & analytics
OFF-MARKET
Estimated value
$505,000
Auto shops
49 Market St, Rockland, MA 02370-2603
Individually Owned
3-yr Hold
Free & Clear
Property ID
US38-0568806
Property summary
AI-generated overview
This exceptional commercial property, located at 49 Market Street in Rockland, MA, presents a unique opportunity for a discerning investor or business owner. Boasting a highly visible street frontage, this building offers significant potential for a variety of commercial ventures. The interior space encompasses 2,576 square feet, providing ample room for customization and development to suit your specific business needs. The property sits on a sizable 0.06-acre lot, totaling 12,523 square feet, offering potential for expansion or outdoor amenities. The zoning designation is Business II, allowing for a range of permitted principal uses (detailed in attached documents). This prime location in Rockland offers excellent visibility and accessibility, making it an ideal spot to establish or expand your business. The asking price is $675,000. This is a rare opportunity to acquire a well-situated commercial building with substantial potential for growth and profitability. Don't miss out on this chance to secure a valuable asset in a thriving market. Contact us today to schedule a viewing and explore the possibilities.
Property profile
Verified
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,576 SF
Lot
0.29 ac (12,523 SF)
Zoning code
BUSINE
APN
ROCK M:51 B:0 L:85
UPID
US38-0568806
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$465k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$631k
Blend (final)
Blend
$505k
Owner & transaction history
Myxuan Xa · 3 yrs held
Myxuan Xa
since 2022
Last sale
$500,000
5 recorded transactions
Zoning & alternative use
BUSINE · Rockland, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$535,000
+0.3%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rockland submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rockland submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$435,000
ML approach
$465,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$535,000
Current use
RETAIL STORES
$535,000
Change: +0% · Conversion: Difficult
OFFICE BUILDING
$520,000
Change: -2% · Conversion: Difficult
COMMERCIAL (GENERAL)
$470,000
Change: -12% · Conversion: Moderate
Blend value · Realmo final
$505k
Range $455k – $556k · ±10% · vs last sale $500k (Dec 22 2022)
Last sale anchor
$500k
Dec 22 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$196 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$6,520
Tax year 2024
Assessed value
$463,700
Assessed 2024
Previous assessed
$380,000
+22.0% YoY
Effective rate
1.41%
On assessed value
Assessed land
$216,900
Assessed improvement
$246,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Auto shops
Use group
AUTO REPAIR, GARAGE
Status
Off-Market
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
1
Bathrooms
3
Total area
2,576 SF
Lot
0.29 ac (12,523 SF)
Zoning code
BUSINE
APN
ROCK M:51 B:0 L:85
UPID
US38-0568806
Jurisdiction
ROCKLAND
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
BUSINE · Rockland, MA
Zoning BUSINE · permitted uses
BUSINE · Rockland, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rockland. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE Current
Est. value
$535,000
RETAIL STORES
Est. value
$535,000
OFFICE BUILDING
Est. value
$520,000
COMMERCIAL (GENERAL)
Est. value
$470,000
AUTO REPAIR, GARAGE Current
RETAIL STORES
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1935
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
1
Bathrooms
3
Lot
0.29 ac
Current owner
From public records · entity-resolved
Myxuan Xa
Individual
Free & Clear · 3 yrs held
Mailing address
190 WILLARD ST, QUINCY, MA 02169-1518
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 22, 2022
—
Myxuan Xa
Chere A Succar
Other
—
Dec 22, 2022
$500,000
49 Market Street LLC
Myxuan Xa
Quit Claim Arm's Length For Ne States
$350,000 · Atlantic Private Lending LLC
Sep 11, 2018
—
Raymond Succar
Succar,raymond
Quit Claim Deed
related
—
Sep 10, 2018
$380,000
Myxuan Xa
Succar,raymond
Quit Claim Deed
—
Nov 15, 2013
$82,500
Raymond Succar
Edsel LP
Quit Claim Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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