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    700 S Main St Sharon, MA 02067

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    700 S Main St Sharon, MA 02067

    View on Map
    • Super regional malls
    • 104,221 SF
    • 11.99 lot acres
    For Lease
    $2,210,000
    View Listing →
    Community Shopping Center Near I-95 For Lease
    $2,210,000

    Community Shopping Center Near I-95

    Community shopping center anchored by Shaw's near I-95.

    700 S Main St, Sharon, MA 2067
    View Listing
    Property ID
    US38-1183698
    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

    • Super regional malls

    Property Details for 700 S Main St

    Year built
    1964
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    11.99 lot acres
    Property size
    104,221 SF
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    SHAR M:037 B:005 L:000
    APU
    SHARM037B005L000

    Description

    This exceptional 103,420 square foot retail center, situated on 9.94 acres at the I-95/South Main Street interchange in Sharon, MA (02067), presents a unique investment opportunity. Built in 1964 and renovated in 2019, the property boasts two single-story buildings with 11 suites, offering 5,000 square feet of immediately available space in various sizes ranging from 1,000 to 5,000 square feet. The center features 519 parking spaces and is conveniently located near the I-95 SW Cross Street. Strong anchor tenants include Shaw's, Liquor World, KinderCare, Dollar Tree, and Citizens Bank, ensuring a consistent flow of customers. The property is zoned BD-B and benefits from a high median household income of $143,000. Its strategic location within the I-95 Corridor South, specifically the Route 495 South submarket cluster, provides excellent visibility and accessibility. Furthermore, its adjacency to the future Sharon Gallery development, including a Costco and over 400 residential units, promises significant future growth and increased foot traffic. This Class B property offers a compelling blend of established tenancy and exciting future potential.

    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
    -71.2201
    Latitude
    42.0942
    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
    $170,129
    $2,727,700
    $6,949,700
    $9,677,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $630,000
      19,746 SF

      362 Main St

      REGIONAL SHOPPING CENTER, MALL • 19,746 SF
      362 Main St, Sharon, MA 02067-1818
      View Details
    • Value Estimation
      $3,060,000
      31,680 SF

      1200 Providence Hwy

      SHOW ROOM, WAREHOUSE • 31,680 SF
      1200 Providence Hwy, Sharon, MA 02067-1667
      View Details
    • Value Estimation by Request
      2,363 SF

      15 Post Ofc Sq

      FINANCIAL BUILDING • 2,363 SF
      15 Post Ofc Sq, Sharon, MA 02067-1951
      View Details
    • Value Estimation
      $2,530,000
      26,160 SF

      6 Commercial St

      SHOW ROOM, WAREHOUSE • 26,160 SF
      6 Commercial St, Sharon, MA 02067-1613
      View Details
    • Value Estimation by Request
      6,130 SF

      210 Main St

      AUTO REPAIR, GARAGE • 6,130 SF
      210 Main St, Sharon, MA 02067-1276
      View Details
    • Value Estimation
      $560,000
      3,952 SF

      17 Billings St

      DEPARTMENT STORE • 3,952 SF
      17 Billings St, Sharon, MA 02067
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Downtown Sharon Investment Opportunity

      Fully leased commercial property in a high-visibility downtown location.
      10 Billings St, Sharon, MA 02067
      View Details
    • Contact for pricing
      3,950 SF

      Downtown Sharon Dual-Unit Commercial Property

      Dual-unit commercial property in Downtown Sharon, offering income and flexibility.
      10 Billings St, Sharon, MA 02067
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Community Shopping Center Near I-95

      Community shopping center anchored by Shaw's near I-95.
      700 S Main St, Sharon, MA 02067
      View Details
    • Contact for pricing
      1,502 SF

      Retail Space Near Costco, I-95

      Retail space available near Costco and I-95.
      5 Lynncrest Rd, Sharon, MA 02067
      View Details
    • Contact for pricing
      5,000 SF

      Retail Space in Sharon Marketplace

      Retail space available in Shaw’s anchored shopping center.
      740 S Main St, Sharon, MA 02067
      View Details
    • $1,300 /Mo

      Versatile Commercial Space in Sharon

      Adaptable commercial space suitable for various businesses in prime location.
      10 E Chestnut St, Sharon, MA 02067
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, ranging from 2,000 to 160,000 SqFt.
      144 Old Post Rd, Sharon, MA 02067
      View Details
    • $4,600 /Mo

      Updated Office Space Available

      Handicapped accessible office with finished basement for lease.
      46 South Main St, Sharon, MA 02067
      View Details
    View Listing
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    700 S Main St
    Sharon, MA 02067
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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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