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

    61 Reservoir Park Dr, Unit 73 Rockland, MA 02370-1060

    • Warehouses
    • 15,648 SF
    • 2.14 lot acres
    OFF-MARKET
    Last Sale
    Sep 24, 2021
    $750,000
    Value Estimations
    $785,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0521351
    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

    • John Ryan Electric Co / Electrical Service / General Contractor
    • Stoneridge Design LLC / Hardware & Home Improvement / Furniture & Home Goods
    • Topline Construction Boston / Construction Company
    • Mattress by Appointment Rockland MA / Furniture & Home Goods

    Property Details for 61 Reservoir Park Dr

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.14 lot acres
    Property size
    15,648 SF
    Zone code
    INDUST
    Property type
    Warehouses
    APN
    ROCK M:8 B:0 L:22
    APU
    ROCKM8B0L22

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $755,000
      ML approach
      $850,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $817,000
      Market price range: $358k - $1.01M

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

    Location Insight

    • Map
    • Local Demand
    City
    Rockland
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9072
    Latitude
    42.1589
    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
    $30,724
    $260,000
    $1,925,200
    $2,185,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $765,000
      6,250 SF

      17 Rockview Way

      WAREHOUSE, STORAGE • 6,250 SF
      17 Rockview Way, Rockland, MA 02370-1290
      View Details
    • Value Estimation
      $1,225,000
      11,365 SF

      308 Hingham St

      WAREHOUSE, STORAGE • 11,365 SF
      308 Hingham St, Rockland, MA 02370-1227
      View Details
    • Value Estimation
      $1,410,000
      6,296 SF

      1 Rockview Way

      WAREHOUSE, STORAGE • 6,296 SF
      1 Rockview Way, Rockland, MA 02370-1290
      View Details
    • Value Estimation
      $1,310,000
      12,020 SF

      9 Rockview Way

      WAREHOUSE, STORAGE • 12,020 SF
      9 Rockview Way, Rockland, MA 02370-1290
      View Details
    • Value Estimation
      $1,460,000
      15,430 SF

      388 Vfw Dr

      WAREHOUSE, STORAGE • 15,430 SF
      388 Vfw Dr, Rockland, MA 02370-1169
      View Details
    • Value Estimation
      $810,000
      7,500 SF

      84 Weymouth St

      WAREHOUSE, STORAGE • 7,500 SF
      84 Weymouth St, Rockland, MA 02370-1157
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      25,620 SF

      Renovated Flex Space Available

      Flexible floor plans, modern interiors, and convenient location.
      55 Accord Park Dr, Rockland, MA 02370
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    • $1,299,000
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      900 square foot industrial\/retail\/office building

      a 2
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      Two-family home in good condition with updated features.
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      Rockland 5-Unit Investment Property

      Meticulously maintained 5-unit building with expansion potential in Rockland.
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      Updated two-family home near town center with investment potential.
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      Six-unit property in Rockland, MA, with renovation potential.
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    Similar Nearby for Lease

    • $15 SF/Yr
      25,920 SF

      Rockland Industrial Warehouse Space

      Prime 3,744 SF Warehouse in Rockland, MA
      273 Weymouth St, Rockland, MA 02370
      View Details
    • Contact for pricing
      6,000 SF

      Flex Condo Near Union Point

      6,000 SF flex condo with office and warehouse space.
      100 Weymouth St, Rockland, MA 02370
      View Details
    • $14 SF/Yr
      3,100 SF

      Warehouse with Showroom and Mezzanine

      3,400 SF warehouse/showroom with updated features and easy access.
      61-73 Reservoir Park Dr, Rockland, MA 02370
      View Details
    • $13 SF/Yr
      10,935 SF

      Versatile Flex Space Available

      Adaptable flex space featuring offices, conference rooms, and private amenities.
      40 Reservoir Park Dr, Rockland, MA 02370
      View Details
    • $2,500 /Mo
      1,200 SF

      Rockland Office Space For Lease

      Office space for lease with ample parking and high visibility.
      900-938 Hingham St, Rockland, MA 02370
      View Details
    • Contact for pricing
      4,343 SF

      Rockland Office Space for Lease

      Class A office building with best-in-class amenities.
      1099 Hingham St, Rockland, MA 02370
      View Details
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    Rockland, MA 02370-1060
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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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