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    Property profile & analytics

    605 Main St Wareham, MA 02571-1031

    • Investment properties
    • 35,438 SF
    • 3.37 lot acres
    OFF-MARKET
    Value Estimations
    $4,855,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1271195
    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

    • Genesis Health Care / Professional Services
    • The Tremont Rehabilitation and Skilled Care Center / Nursing Home

    Property Details for 605 Main St

    Year built
    1963
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    3.37 lot acres
    Property size
    35,438 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WARE M:0109A B:002 L:01043
    APU
    WAREM0109AB002L01043

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,705,000
      6.5%
      $5,265,000
      7%
      $4,890,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,234,000
      Market price range: $3.57M - $10.1M
      AI Estimate
      $3,058,000
      Market price range: $1.57M - $4.69M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $6,455,000
      Current use
      INDUSTRIAL (GENERAL)
      $8,045,000
      Change: +25% Conversion: Moderate
      RETAIL STORES
      $7,350,000
      Change: +14% Conversion: Easy
      AUTO REPAIR, GARAGE
      $7,330,000
      Change: +14% Conversion: Difficult
      OFFICE BUILDING
      $7,160,000
      Change: +11% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wareham
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.7296
    Latitude
    41.7676
    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
    $42,090
    $782,900
    $2,965,100
    $3,748,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      2,720 SF

      5 Ctr St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,720 SF
      5 Ctr St, Wareham, MA 02571-2001
      View Details
    • Value Estimation by Request
      1,352 SF

      2786 Cranberry Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,352 SF
      2786 Cranberry Hwy, Wareham, MA 02571-1042
      View Details
    • Value Estimation by Request
      4,003 SF

      332 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,003 SF
      332 Main St, Wareham, MA 02571-2116
      View Details
    • Value Estimation
      $525,000
      3,493 SF

      330 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,493 SF
      330 Main St, Wareham, MA 02571-2116
      View Details
    • Value Estimation by Request
      2,732 SF

      3 Tremont Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,732 SF
      3 Tremont Rd, Wareham, MA 02571-5015
      View Details
    • Value Estimation
      $1,940,000
      24,692 SF

      191 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 24,692 SF
      191 Main St, Wareham, MA 02571-2166
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,379 SF

      Commercial Property on Route 6

      Well-maintained commercial property with high visibility and traffic count.
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    • $800,000

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      Wareham Land Ready For Building

      3.7 acres of cleared land ready for new home.
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      Wareham Office Buildings For Sale

      Two office buildings totaling 28,818 SF in Wareham, MA.
      2527 Cranberry Hwy, Wareham, MA 02571
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      Wareham Mixed-Use Property Investment

      Live & Work: Home + Retail Space
      2565 Cranberry Hwy, Wareham, MA 02571
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,100 SF

      West Wareham Warehouse For Rent

      7,100 SF warehouse space with office and loading dock.
      6 Little Brook Rd, West Wareham, MA 02571
      View Details
    • Contact for pricing
      1,229 SF

      West Wareham Retail/Office Opportunity

      Versatile space in high-traffic location, customizable for various business needs.
      2506 Cranberry Hwy, Wareham, MA 02571
      View Details
    • Contact for pricing
      100,890 SF

      Wareham Plaza Medical Office Space

      Prime Medical Office Space in Wareham, MA
      127 Marion Rd, Wareham, MA 02571
      View Details
    • Contact for pricing
      962 SF

      Main Street Storefront in Wareham

      Storefront on Main Street with high visibility and easy access.
      249 Main St, Wareham, MA 02571
      View Details
    • $900 /Mo
      1,000 SF

      Street Level Corner Office Space

      Bright 1000 SF office with conference room in Wareham.
      191 Main St, Wareham, MA 02571
      View Details
    • Contact for pricing

      Refurbished Retail or Office Space

      High-visibility commercial space with flexible zoning and recent upgrades.
      2870 Cranberry Hwy, Wareham, MA 02571
      View Details
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    605 Main St
    Wareham, MA 02571-1031
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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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