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    Property profile & analytics

    500 Wilbur Ave Somerset, MA 02725-2051

    • Assisted living facilities
    • 68,859 SF
    • 7.07 lot acres
    OFF-MARKET
    Value Estimation
    $7,165,000
    Last Sale
    Apr 22, 2024
    $7,150,000
    Location Intelligence
    Property ID
    US38-2363805
    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

    • Assisted living facilities

    Property Details for 500 Wilbur Ave

    Year built
    1980
    Lot size
    7.07 lot acres
    Property size
    68,859 SF
    Zone code
    C
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    SOME M:0A7 L:0039
    APU
    SOMEM0A7L0039

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,150,000

    • CAP approach

      CAP return
      Estimation
      6%
      $7,095,000
      6.5%
      $6,590,000
      7%
      $7,625,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,540,000
      Geo Method
      $6,890,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,810,000
      Retail
      $8,145,000
      Mixed-Use
      $6,900,000
      Hospitality
      $7,100,000
      Educational
      $7,070,000
      Residential Income
      $8,930,000
      Energy
      $9,105,000
      Income-Based Land
      $8,640,000
      Food Service
      $7,110,000

    Location Insight

    • Map
    • Local Demand
    City
    Somerset
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.1678
    Latitude
    41.7208
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 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
    $182,849
    $567,600
    $6,611,400
    $7,179,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $385,000
      4,830 SF

      1300 Wilbur Ave

      MEDICAL BUILDING • 4,830 SF
      1300 Wilbur Ave, Somerset, MA 02725-1815
      View Details
    • Value Estimation by Request
      9.16 Acres

      731 Brayton Pt Rd

      INDUSTRIAL - VACANT LAND • 9.16 Acres
      731 Brayton Pt Rd, Somerset, MA 02725-1937
      View Details
    • Value Estimation by Request
      23.50 Acres

      1357 Brayton Pt Rd

      VACANT COMMERCIAL LAND • 23.50 Acres
      1357 Brayton Pt Rd, Somerset, MA 02725
      View Details
    • Value Estimation
      $370,000
      17,621 SF

      34 Riverside Ave

      INDUSTRIAL (GENERAL) • 17,621 SF
      34 Riverside Ave, Somerset, MA 02725-2869
      View Details
    • Value Estimation
      $340,000
      2,960 SF

      481 Wilbur Ave

      AUTO REPAIR, GARAGE • 2,960 SF
      481 Wilbur Ave, Somerset, MA 02725-2013
      View Details
    • Value Estimation by Request
      7,958 SF

      1229 Wilbur Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 7,958 SF
      1229 Wilbur Ave, Somerset, MA 02725-1816
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1 SF

      Somerset Commercial Land Opportunity

      High-traffic location, 0.56 acres.
      6 & Brayton Pt Rd, Somerset, MA 02725
      View Details
    • Contact for pricing

      Fully Built-Out Hair Salon

      Retail space in a shopping center with signalized access.
      815 Grand Army Of The Republic Hwy, Somerset, MA 02725
      View Details
    • Contact for pricing

      Retail Parcel in Somerset, MA

      0.56 acre retail parcel available in new development.
      Somerset, MA 02725
      View Details
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    500 Wilbur Ave
    Somerset, MA 02725-2051
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    Realmo Value Estimation

    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.

    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.

    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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