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    640 Main St Sharon, MA 02067-2825
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    Property profile & analytics

    640 Main St, Sharon, MA 02067-2825

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    • Investment properties
    • 2,632 SF
    • 2.20 lot acres
    Off-Market
    Last Sale Feb 25, 2025
    Property ID
    US38-0447458
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 640 Main St

    Year built
    1999
    Lot size
    2.20 lot acres
    Zone code
    SRA
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    SHAR M:048 B:022 L:001
    APU
    SHARM048B022L001

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 25, 2025 — Zoppo Ft Zoppo Ret Quitclaim Deed · related —
    Oct 30, 2019 — Zoppo Ret Trust 640 S Main St. Quit Claim Deed · related —
    Sep 23, 2003 — James F Zoppo — Deed Of Trust · related $226k · Fleet National Bank
    Aug 9, 1999 — Main St. RT — Deed Of Trust · related $240k · Foxboro Savings Bank
    — — 640 S Main St Realty Trust — Deed Of Trust · related $100k · Sharon Cu

    Description

    This exceptional 4.82-acre commercial land parcel presents a remarkable redevelopment opportunity in the thriving town of Sharon, Massachusetts. Situated at 630, 640, and 652 South Main Street, this property enjoys a highly visible location on a major thoroughfare, offering unparalleled accessibility and exposure. Its strategic position midway between Boston and Providence, with convenient proximity to Route 95, ensures exceptional connectivity to regional transportation networks. The site benefits from its immediate vicinity to established businesses, including a Shaw's grocery store and the recently opened Sharon Gallery, creating a vibrant and attractive commercial environment. The expansive acreage allows for a wide range of development possibilities, including residential projects, a nursery or garden center, or even a pet-related business, catering to diverse market demands. The property's zoning and potential uses should be independently verified. This is a rare chance to acquire a significant commercial land holding in a desirable Massachusetts location with strong growth potential. The address is 630, 640 & 652 South Main St, Sharon, MA 02067. The property's latitude and longitude coordinates are 42.096815 and -71.2176743 respectively. Norfolk County location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sharon
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2179
    Latitude
    42.0971
    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
    $16,207
    $320,800
    $601,100
    $921,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      71st Glendale Rd

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    • Value Estimation by Request
      2,300 SF

      62-64 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
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    • Value Estimation
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      19,375 SF

      47 Pond St

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    • Value Estimation
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      2,962 SF

      355 Bay Rd

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    • Value Estimation
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      4,301 SF

      46-48 Main St

      OFFICE/RESIDENTIAL (MIXED USE)
      46-48 Main St, Sharon, MA 02067
      View Details

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    640 Main St
    Sharon, MA 02067-2825
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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.

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    640 Main St, Sharon, MA, 02067
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