100 Market StRockland, MA 02370

  • Retail space
  • 4,960 SF
For Sale
$1,100,000 View listing

Property Details for 100 Market St

Year built
1986
Construction
FRAME
Lot size
0.40 AC
Property size (Sq ft)
4,960 SF
Zone code
BUSINE
Property type
Retail space
APN
ROCK M:51 B:0 L:145
APU
ROCKM51B0L145

Description

This fee-simple, multi-tenant retail shopping center in Rockland, MA, presents a compelling investment opportunity. The 4,800 square foot property, built in 1986 and renovated in 1991, sits on a 0.4-acre lot at 100 Market Street, 02370. Currently 100% occupied by three tenants, including Domino's Pizza, it boasts a strong net lease structure with a 6.39% cap rate and a Net Operating Income (NOI) of $70,239. The asking price is $1,100,000 ($229.17/sq ft). Leases feature annual rental increases, with Domino's and another tenant showing 7% increases during renewal periods. The property benefits from a prime location with high visibility on Market Street (over 14,000 vehicles daily), surrounded by numerous national and local retailers, including CVS, McDonald's, and Target (within 1 mile). The area demonstrates strong demographics, with average household incomes exceeding $120,000 and high population density. A new roof was installed in April 2024. This two-story building offers a stable, high-yield investment in a thriving retail corridor.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,205,453
    6.5%
    $1,112,726
    7%
    $1,033,246
  • Comparable approach

    Method
    Valuation
    Relative Method
    $1,633,146
    Geo Method
    $1,633,146
  • Alternative Use

    Use
    Valuation
    Residential
    $938,626
    Hospitality
    $859,776
    Educational
    $715,324
    Medical
    $739,925
    Retail
    $1,112,726

Location Insight

City
Rockland
County
Plymouth
State
Massachusetts
Latitude
42.1217
Longitude
-70.9164
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
$11,519
$227,400
$591,900
$819,300
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-
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