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

    70 Industrial Park Rd Plymouth, MA 02360-4829

    • Manufacturing properties
    • 45,461 SF
    • 3.45 lot acres
    OFF-MARKET
    Last Sale
    Mar 01, 2022
    $6,567,042
    Value Estimations
    $6,585,000
    Show details
    Cap Rate Potential
    8.5%
    Manufacturing properties
    Location Intelligence
    Property ID
    US38-1389394
    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

    • Glynn Technical Services / Corporate Office / Business Park
    • Glynn Electric / Electrical Service / General Contractor

    Property Details for 70 Industrial Park Rd

    Year built
    1979
    Construction
    STEEL FRAME
    Lot size
    3.45 lot acres
    Property size
    45,461 SF
    Zone code
    LI
    Property type
    Manufacturing properties
    APN
    PLYM M:0102 B:0000 L:012A-7
    APU
    PLYMM0102B0000L012A7

    Description

    This ±45,590 square foot Class B flex building in Plymouth, MA, offers a unique blend of office, flex, and warehouse space. Built in 1979 and renovated in 2000, the single-story building sits on a 3.45-acre lot and features 14-22 foot ceiling heights, two loading docks, and one dock-high door. Its strategic location directly off Route 3 and Route 44 provides easy access to Greater Boston, while proximity to the MBTA Plymouth/Kingston commuter rail line offers direct access to Boston's Financial District and South Station. The property is zoned LI and benefits from its proximity to Colony Place, a large retail center offering ample amenities. This presents a prime owner-user or lease-up opportunity, with a flexible floor plan suitable for multi-tenant occupancy and diverse uses. The asking price is $7,500,000, translating to $164.51 per square foot. The property is available for immediate occupancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $5,705,000
      ML approach
      $6,050,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $8,060,000
      6.5%
      $7,440,000
      7%
      $6,910,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $7,194,000
      Market price range: $1.47M - $8.13M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $10,320,000
      Current use
      RETAIL STORES
      $9,430,000
      Change: -9% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $9,400,000
      Change: -9% Conversion: Easy
      OFFICE BUILDING
      $9,000,000
      Change: -13% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $8,840,000
      Change: -14% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.7036
    Latitude
    41.9569
    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
    $64,040
    $1,101,300
    $3,874,600
    $4,975,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $20,830,000
      138,810 SF

      45 Aldrin Rd

      MANUFACTURING (LIGHT) • 138,810 SF
      45 Aldrin Rd, Plymouth, MA 02360-4803
      View Details
    • Value Estimation
      $2,015,000
      12,000 SF

      9 Appollo 11th Rd

      MANUFACTURING (LIGHT) • 12,000 SF
      9 Appollo 11th Rd, Plymouth, MA 02360-4866
      View Details
    • Value Estimation
      $770,000
      7,200 SF

      206 Mdw Rd

      MANUFACTURING (LIGHT) • 7,200 SF
      206 Mdw Rd, Plymouth, MA 02360-4740
      View Details
    • Value Estimation
      $2,530,000
      15,600 SF

      51 Armstrong Rd

      MANUFACTURING (LIGHT) • 15,600 SF
      51 Armstrong Rd, Plymouth, MA 02360-4806
      View Details
    • Value Estimation
      $1,755,000
      9,760 SF

      5 Appollo 11th Rd

      MANUFACTURING (LIGHT) • 9,760 SF
      5 Appollo 11th Rd, Plymouth, MA 02360-4866
      View Details
    • Value Estimation
      $10,910,000
      70,085 SF

      77 Industrial Park Rd

      MANUFACTURING (LIGHT) • 70,085 SF
      77 Industrial Park Rd, Plymouth, MA 02360-4868
      View Details

    Similar Nearby for Sale

    • $1,995,000
      14,300 SF

      Plymouth Light Industrial Flex Space

      Light industrial flex space in established commercial area, close to highways.
      50 Aldrin Rd, Plymouth, MA 02360
      View Details
    • $12,600,000
      3.99 Acres

      Plymouth Industrial Park Office Building

      Prime location, build-to-suit office space.
      144 Industrial Park Rd, Plymouth, MA 02360
      View Details
    • Contact for pricing
      2.20 Acres

      Plymouth Waterfront Opportunity

      2.2-Acre Waterfront Property, Priced to Sell
      30 Golf Dr, Plymouth, MA 02360
      View Details
    • $2,000,000

      Historic Plymouth Building with Bay Views

      7,000 SF Plymouth building with panoramic bay views.
      8 Carver St, Plymouth, MA 02360
      View Details
    • $774,900

      Plymouth Two-Family Home

      Two-family home in Plymouth near downtown, ideal for rental.
      14-16 South St, Plymouth, MA 02360
      View Details
    • $950,000

      Approved Mixed-Use Development Opportunity

      Cleared lot approved for mixed-use development in Plymouth.
      291 Court St, Plymouth, MA 02360
      View Details

    Similar Nearby for Lease

    • $3,200 /Mo
      1,284 SF

      Office and Warehouse Space Available

      Office and warehouse space with excellent visibility and access.
      32 Samoset St, Plymouth, MA 02360
      View Details
    • $16 SF/Yr
      7,500 SF

      New Construction Warehouse Space

      New construction warehouse with overhead doors suitable for contractors.
      29 Aero Park Dr, Plymouth, MA 02360
      View Details
    • $16 SF/Yr
      7,500 SF

      New Construction Warehouse Space

      New construction warehouse with clear span and overhead doors.
      25 Aero Park Dr, Plymouth, MA 02360
      View Details
    • $2,000 /Mo
      2,094 SF

      Functional Flex Space Available

      Convenient flex space with warehouse and office areas.
      118 Long Pond Rd, Plymouth, MA 02360
      View Details
    • $2,350 /Mo
      1,550 SF

      Plymouth Industrial Space For Rent

      Conveniently located industrial space available for rent in Plymouth.
      5 Aldrin Rd, Plymouth, MA 02360
      View Details
    • Contact for pricing
      6,000 SF

      Industrial Bay in Camelot Park

      6000 SF industrial bay with loading dock and drive-in.
      88 Camelot Dr, Plymouth, MA 02360
      View Details
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    70 Industrial Park Rd
    Plymouth, MA 02360-4829
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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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