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    Property profile & analytics

    728 Gar Hwy Swansea, MA 02777-4590

    • Commercial real estate
    • 5,328 SF
    • 2.28 lot acres
    OFF-MARKET
    Last Sale
    Mar 10, 2023
    $2,000,000
    Value Estimations
    $1,890,000
    Show details
    Cap Rate Potential
    3.5%
    Commercial real estate
    Location Intelligence
    Property ID
    US38-1750434
    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

    • Commercial real estate

    Property Details for 728 Gar Hwy

    Year built
    1984
    Lot size
    2.28 lot acres
    Property size
    5,328 SF
    Zone code
    I
    Property type
    Commercial real estate
    APN
    SWAN M:075.0 B:0029 L:0003A
    APU
    SWANM0750B0029L0003A

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,790,000
      ML approach
      $1,885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,775,000
      Market price range: $456k - $2.09M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,270,000
      Current use
      RESTAURANT
      $1,245,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Swansea
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.2126
    Latitude
    41.7483
    CBSA code
    39300
    CBSA name
    PROVIDENCE-NEW BEDFORD-FALL RIVER, RI-MA 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
    2020
    $31,166
    $333,000
    $1,094,000
    $1,427,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $560,000
      1,026 SF

      1379 Gar Hwy

      SHOW ROOM, WAREHOUSE • 1,026 SF
      1379 Gar Hwy, Swansea, MA 02777-4241
      View Details
    • Value Estimation
      $2,260,000
      30,400 SF

      1432 Gar Hwy

      SHOW ROOM, WAREHOUSE • 30,400 SF
      1432 Gar Hwy, Swansea, MA 02777-4231
      View Details
    • Value Estimation
      $6,290,000
      5,800 SF

      1614 Gar Hwy

      COMMERCIAL (GENERAL) • 5,800 SF
      1614 Gar Hwy, Swansea, MA 02777-3927
      View Details
    • Value Estimation by Request
      960 SF

      800 Gar Hwy

      COMMERCIAL (GENERAL) • 960 SF
      800 Gar Hwy, Swansea, MA 02777-4590
      View Details
    • Value Estimation by Request
      3,500 SF

      190 Gardners Nck Rd

      SHOW ROOM, WAREHOUSE • 3,500 SF
      190 Gardners Nck Rd, Swansea, MA 02777-3220
      View Details
    • Value Estimation by Request
      100 SF

      262 Swansea Mall Dr, Unit 3

      COMMERCIAL CONDOMINUIM • 100 SF
      262 Swansea Mall Dr, Swansea, MA 02777-4121
      View Details

    Similar Nearby for Sale

    • $4,200,000

      Swansea Industrial/Retail Investment Opportunity

      Fully leased 16-acre industrial/retail property in Swansea, Massachusetts.
      2555 Grand Army Of The Republic Hwy, Swansea, MA 02777
      View Details
    • Contact for pricing
      Pending

      Commercial Retail/Office Investment Opportunity

      Contiguous commercial units with strong tenancy and high ROI.
      544 Milford Rd, Swansea, MA 02777
      View Details
    • $475,000
      Pending

      Swansea Commercial Opportunity For Sale

      Prime commercial location in Swansea, MA, with high visibility.
      1635 Grand Army Of The Republic Hwy, Swansea, MA 02777
      View Details
    • $4,200,000
      37,872 SF

      Industrial/Retail Property in Swansea, MA

      16-acre industrial/retail property, fully leased, redevelopment potential.
      2555 Grand Army Of The Republic Hwy, Swansea, MA 02777
      View Details
    • Contact for pricing
      6,816 SF

      Mixed-Use Investment Opportunity

      Mixed-use building with office and retail units in Swansea, MA.
      312 Wilbur Ave, Swansea, MA 02777
      View Details
    • Contact for pricing
      614,632 SF

      Industrial/Retail Property on 16 Acres

      Fully leased industrial/retail property with redevelopment potential.
      2555 G.a.r. Hwy, Swansea, MA 02777
      View Details

    Similar Nearby for Lease

    • $1,200 /Mo
      16,518 SF

      Professional Office Space Available

      Two adjacent office suites available for lease in Swansea, MA.
      312 Wilbur Ave, Swansea, MA 02777
      View Details
    • Contact for pricing

      Retail Development on Gar Hwy

      Retail spaces available in new development near major retailers.
      718 Grand Army Of The Republic Hwy, Swansea, MA 02777
      View Details
    • $1.00 SF/Yr
      33,106 SF

      Commercial Space in Swansea, MA

      Versatile commercial property near I-195 with multiple buildings for lease.
      2452 Gar Hwy, Swansea, MA 02777
      View Details
    • Contact for pricing

      Redeveloped Swansea Center Retail Space

      Retail spaces available in a mixed-use commercial center.
      262 Swansea Mall Dr, Swansea, MA 02777
      View Details
    • Contact for pricing

      Swansea Warehouse and Flex Space

      Warehouse and flex space available for lease in Swansea, MA.
      262 Swansea Mall Dr, Swansea, MA 02777
      View Details
    • Contact for pricing
      3,000 SF

      New Office Building on Highway

      Newly constructed office space with ample parking and high visibility.
      2302 Gar Hwy, Swansea, MA 02777
      View Details
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    728 Gar Hwy
    Swansea, MA 02777-4590
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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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