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    Property profile & analytics

    888 Ctr St West Bridgewater, MA 02379-1518

    • Retail space
    • 880 SF
    • 1.27 lot acres
    OFF-MARKET
    Last Sale
    Apr 14, 2023
    $190,000
    Value Estimations
    $155,000
    Show details
    Cap Rate Potential
    9.4%
    Retail space
    Location Intelligence
    Property ID
    US38-1257632
    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

    • Awards Plus / Trophy Shop

    Property Details for 888 Ctr St

    Year built
    1930
    Construction
    FRAME
    Lot size
    1.27 lot acres
    Property size
    880 SF
    Property type
    Retail space
    APN
    WBRI M:49 L:013
    APU
    WBRIM49L013

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $155,000
      ML approach
      $145,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $260,000
      6.5%
      $240,000
      7%
      $225,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $148,000
      Market price range: $39.4k - $149k

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

    Location Insight

    • Map
    • Local Demand
    City
    West Bridgewater
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -71.0603
    Latitude
    42.0107
    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
    $7,922
    $248,200
    $64,200
    $312,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $340,000
      5,400 SF

      41 Main St

      RETAIL STORES (PERSONAL SERVICES) • 5,400 SF
      41 Main St, West Bridgewater, MA 02379-1774
      View Details
    • Value Estimation
      $530,000
      9,270 SF

      800 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,270 SF
      800 Main St, West Bridgewater, MA 02379-1235
      View Details
    • Value Estimation
      $325,000
      4,920 SF

      44 Pleasant St

      RETAIL STORES (PERSONAL SERVICES) • 4,920 SF
      44 Pleasant St, West Bridgewater, MA 02379-1506
      View Details
    • Value Estimation
      $365,000
      2,780 SF

      482 Ctr St

      RETAIL STORES (PERSONAL SERVICES) • 2,780 SF
      482 Ctr St, West Bridgewater, MA 02379-1816
      View Details
    • Value Estimation
      $315,000
      2,604 SF

      465 Main St

      RETAIL STORES (PERSONAL SERVICES) • 2,604 SF
      465 Main St, West Bridgewater, MA 02379-1228
      View Details
    • Value Estimation
      $360,000
      6,132 SF

      31 Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,132 SF
      31 Main St, West Bridgewater, MA 02379-1797
      View Details

    Similar Nearby for Sale

    • $149,900

      West Bridgewater Raw Land Lot

      Raw land lot available in West Bridgewater, Massachusetts.
      227 South Elm Lot2, West Bridgewater, MA 02379
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    • $599,900

      Large Land Tract For Sale

      Large tract of raw land in prime West Bridgewater area.
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    • $1,890,000
      8,010 SF

      West Bridgewater Industrial/Flex Space

      8,010 SF industrial/flex space in West Bridgewater, Massachusetts.
      793 W Center St, West Bridgewater, MA 02379
      View Details
    • Contact for pricing
      12,453 SF

      Contractor Yard with Secure Storage

      2.16 acre lot with secure storage and clear-span construction.
      300 Manley St, West Bridgewater, MA 02379
      View Details
    • $1,550,000

      Turn Key Commercial Office Building

      14-unit office building on a corner lot with high visibility.
      234 W Center St, West Bridgewater, MA 02379
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    • $450,000
      0.92 Acres

      Residential Lot in West Bridgewater

      Large lot ready for custom home construction in West Bridgewater.
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    Similar Nearby for Lease

    • $1,987 /Mo

      Commercial Space on Route 106

      900 sq ft retail/office space near Route 24.
      120 Center St West, West Bridgewater, MA 02379
      View Details
    • Contact for pricing
      25,600 SF

      Retail Space in West Bridgewater

      Retail property with development potential in West Bridgewater, MA.
      846-2077 N Main St, West Bridgewater, MA 02379
      View Details
    • Contact for pricing

      Land for Multifaceted Development

      Land available for industrial, storage, warehouse, or residential development.
      N Main St, West Bridgewater, MA 02379
      View Details
    • Contact for pricing
      210,600 SF

      West Bridgewater Warehouse Space Available

      210,600 square foot warehouse space for lease.
      45 Turnpike St, West Bridgewater, MA 02379
      View Details
    • Contact for pricing
      493,000 SF

      West Bridgewater Office Suite For Lease

      First-floor office, move-in ready, ample parking.
      35 United Dr, West Bridgewater, MA 02379
      View Details
    • $22 SF/Yr
      128,963 SF

      Prime West Bridgewater Office Space

      15,737 SF Executive Suite, Route 24 Access
      750 Center St, West Bridgewater, MA 02379
      View Details
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    888 Ctr St
    West Bridgewater, MA 02379-1518
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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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