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    Property profile & analytics

    60 Franklin St East Bridgewater, MA 02333-1269

    • Retail space
    • 6,300 SF
    • 2.74 lot acres
    OFF-MARKET
    Last Sale
    May 02, 2023
    $3,000,000
    Value Estimations
    $2,190,000
    Show details
    Cap Rate Potential
    4.3%
    Retail space
    Location Intelligence
    Property ID
    US38-1145141
    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

    • Tri Town Gas Station / Gas Station
    • Cardtronics ATM / Atm
    • Honey Dew Donuts / Bakery / Discount Store
    • Bailey's Tri Town Service / Auto Repair Shop / Vehicle Inspection Center

    Property Details for 60 Franklin St

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.74 lot acres
    Property size
    6,300 SF
    Zone code
    100
    Property type
    Retail space
    APN
    EBRI M:95 P:224
    APU
    EBRIM95P224

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,420,000
      ML approach
      $2,115,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,725,000
      6.5%
      $1,590,000
      7%
      $1,480,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,998,000
      Market price range: $707k - $2.00M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,660,000
      INDUSTRIAL (GENERAL)
      $1,430,000

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

    Location Insight

    • Map
    • Local Demand
    City
    East Bridgewater
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9077
    Latitude
    42.0548
    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
    $24,861
    $390,800
    $1,405,500
    $1,796,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,240 SF

      484 Bedford St

      RETAIL STORES (PERSONAL SERVICES) • 2,240 SF
      484 Bedford St, East Bridgewater, MA 02333-2092
      View Details
    • Value Estimation by Request
      825 SF

      9 Central St

      RETAIL STORES (PERSONAL SERVICES) • 825 SF
      9 Central St, East Bridgewater, MA 02333-1926
      View Details
    • Value Estimation
      $1,680,000
      10,694 SF

      650 Plymouth St

      RETAIL STORES (PERSONAL SERVICES) • 10,694 SF
      650 Plymouth St, East Bridgewater, MA 02333-2054
      View Details
    • Value Estimation by Request
      5,000 SF

      494 West St

      Individual retail properties • 5,000 SF
      494 West St, East Bridgewater, MA 02333
      View Details
    • Value Estimation
      $545,000
      4,510 SF

      685 Bedford St

      RETAIL STORES (PERSONAL SERVICES) • 4,510 SF
      685 Bedford St, East Bridgewater, MA 02333-1270
      View Details
    • Value Estimation by Request
      720 SF

      680 Plymouth St

      RETAIL STORES (PERSONAL SERVICES) • 720 SF
      680 Plymouth St, East Bridgewater, MA 02333-2010
      View Details

    Similar Nearby for Sale

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      Renovated Commercial Condo For Sale

      Recently renovated commercial condo with modern kitchen and shared parking.
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      View Details
    • $380,000
      8,296.00 Acres

      Mixed-Use Building in East Bridgewater

      Mixed-use building with storefront and apartment in high-visibility location.
      5 W Union St, East Bridgewater, MA 02333
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      Commercial Property with Licenses Included

      2.5-acre property with licenses, building, and business assets.
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    • $1,300,000

      East Bridgewater Retail Shopping Center

      Five-unit retail shopping center with residential apartment. Fully rented.
      118 North Bedford St, East Bridgewater, MA 02333
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    • Contact for pricing

      Land for Office & Warehouse

      Cleared land approved for a 2,392 square foot building.
      26 Franklin St, East Bridgewater, MA 02333
      View Details
    • Contact for pricing

      Approved Office & Retail Land

      1.02 acres approved for a 10,920 SF building.
      126-130 Franklin St, East Bridgewater, MA 02333
      View Details

    Similar Nearby for Lease

    • $1,600 /Mo

      East Bridgewater Garage with Office

      600 SF garage with office and parking available for lease.
      153 Bedford St, East Bridgewater, MA 02333
      View Details
    • Contact for pricing
      10,000 SF

      East Bridgewater Retail & Land Opportunity

      1.26-acre mixed-use property, 10,000 sqft building.
      692 Bedford St, East Bridgewater, MA 02333
      View Details
    • $15 SF/Yr
      4,200 SF

      Creative Office Space, Boston Area

      Modern suites, ample space, prime location.
      100 Laurel St, East Bridgewater, MA 02333
      View Details
    • Contact for pricing
      219,000 SF

      Bridgewater Warehouse Space Available

      219,000 SF warehouse space available Q2 2023.
      900 Bedford St, Bridgewater, MA 02333
      View Details
    • Contact for pricing
      96,600 SF

      Bridgewater Warehouse Space Available

      96,660 SF warehouse space available for lease.
      1025 Elm St, Bridgewater, MA 02333
      View Details
    • Contact for pricing

      East Bridgewater Redevelopment Opportunity

      1.26 acres with 10,000 SF building for sale/lease.
      692 N Bedford St, East Bridgewater, MA 02333
      View Details
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    60 Franklin St
    East Bridgewater, MA 02333-1269
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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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