Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    87 Grv St Middleboro, MA 02346-1848

    • Retail properties
    • 1,800 SF
    • 0.29 lot acres
    OFF-MARKET
    Last Sale
    Mar 24, 2023
    $250,000
    Value Estimations
    $215,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0321256
    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

    • Isalis / Women'S Clothing Store / Jewelry Store
    • Party City / Party Store / Balloon Store
    • Skunk Funk / Wholesaler / Clothing Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / Outdoor Clothing And Equipment Shop

    Property Details for 87 Grv St

    Year built
    1978
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.29 lot acres
    Property size
    1,800 SF
    Property type
    Retail properties
    APN
    MIDD M:00065 L:1023 U:0000
    APU
    MIDDM00065L1023U0000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $200,000
      ML approach
      $210,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $255,000
      Market price range: $98.8k - $343k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $315,000
      Current use
      COMMERCIAL (GENERAL)
      $275,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Middleboro
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.8988
    Latitude
    41.8793
    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
    $4,272
    $131,600
    $166,100
    $297,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $255,000
      5,000 SF

      7 Ml St

      DEPARTMENT STORE • 5,000 SF
      7 Ml St, Middleboro, MA 02346-1042
      View Details
    • Value Estimation
      $270,000
      7,704 SF

      182 Plymouth St

      NURSERY, GREENHOUSE, FLORIST • 7,704 SF
      182 Plymouth St, Middleboro, MA 02346-1217
      View Details
    • Value Estimation
      $965,000
      4,471 SF

      201 Grv St

      DEPARTMENT STORE • 4,471 SF
      201 Grv St, Middleboro, MA 02346-1472
      View Details
    • Value Estimation
      $305,000
      1,570 SF

      330 Wareham St

      DEPARTMENT STORE • 1,570 SF
      330 Wareham St, Middleboro, MA 02346-3220
      View Details
    • Value Estimation
      $300,000
      2,852 SF

      43-47 Ctr St

      DEPARTMENT STORE • 2,852 SF
      43-47 Ctr St, Middleboro, MA 02346
      View Details
    • Value Estimation
      $310,000
      1,374 SF

      548 Grv St

      DEPARTMENT STORE • 1,374 SF
      548 Grv St, Middleboro, MA 02346-1455
      View Details

    Similar Nearby for Sale

    • $358,000

      Commercial Condo in Middleboro, MA

      Commercial condo with drive-in doors, ideal for various businesses.
      22 Cambridge St, Middleboro, MA 02346
      View Details
    • $115,000

      Middleboro Retail Property For Sale

      Retail property near downtown Middleboro with redevelopment potential.
      758 Centre St, Middleboro, MA 02346
      View Details
    • Contact for pricing
      9,400 SF

      Middleborough Industrial Flex Space

      9,400 SF Flex/Warehouse, New Construction
      23 Harding St, Middleborough, MA 02346
      View Details
    • $525,000

      Two-Family Home on Route 105

      Two-unit property with investment or owner-occupied potential.
      240 N Main St, Middleboro, MA 02346
      View Details
    • $299,900
      7.22 Acres

      7-Acre Retreat in Middleboro, MA

      Private 7-acre lot perfect for building a dream home.
      Wood St, Middleboro, MA 02346
      View Details
    • $749,900

      12 Acre Parcel on Rt 18

      12-acre parcel with zoning opportunities off Rt 18.
      194 Bedford St, Middleboro, MA 02346
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr

      Commerce Blvd Retail Opportunity

      Retail or automotive property available for rent on Commerce Blvd.
      16 Commerce Blvd, Middleboro, MA 02346
      View Details
    • Contact for pricing

      Retail Space in Middleborough Crossing

      Retail space available in a busy shopping center.
      10 Way Merchant's, Middleborough, MA 02346
      View Details
    • $18 SF/Yr

      Under Construction Warehouse and Office

      Warehouse and office spaces available for rent with easy highway access.
      146 East Grove St, Middleboro, MA 02346
      View Details
    • $1.00 SF/Yr

      New Warehouse Space, Route 495

      Modern warehouse space with highway access, available Spring 2026.
      370 Wareham St, Middleboro, MA 02346
      View Details
    • $25 SF/Yr
      27,958 SF

      Middleborough Office Space Available

      Prime Middleborough office space for lease.
      16 Commerce Blvd, Middleborough, MA 02346
      View Details
    • $2,200 /Mo

      Spacious One Bedroom Apartment

      One bedroom apartment with utilities included, available July 15, 2025.
      684 Plymouth St, Middleboro, MA 02346
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    87 Grv St
    Middleboro, MA 02346-1848
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.