Restaurant Property on Main
For Sale
Contact for pricing
1062 Main St, Holden, MA 01520
4,000 SF restaurant with 125 seats and full bar.
Property Size4,000 SF
Price / SF$375
Days on Market190
Property Features for 1062 Main St
General Information
Standard status
Active
Size
4,000 SF
Class
A
Total Parking Spaces
39
Property subtype
Business for Sale, Office, Retail
Zoning
B
Building Details
Year Renovated
2024
Buildings
1
Units
1
Listing Agency:
Coldwell Banker Realty
(774) 287-7398
Listed By:
Brandon O'Neal · License #9565076
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 8 at 6:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Realty
Investment Insights
Based on property information with market context.
This offering features a 4,000 SF restaurant property with real estate, located on Main Street at a prominent, signalized intersection in Massachusetts. The building is configured for a dining operation with 125 seats and a full bar, and includes space for seasonal outdoor service. Parking is available for over 30 vehicles. The property benefits from high visibility and is located near major highway access. Key systems and areas have been updated, including bathrooms, kitchen facilities, walk-in coolers, fire sprinklers, and HVAC. Classified as a Class A commercial property, the location is suitable for continued restaurant use and offers an opportunity for ownership tied to an operating business in an active commercial corridor.
Key Highlights
- High‑profile Main Street location at a signalized intersection with strong visibility.
- 4,000 SF restaurant property with real estate included.
- Seating for 125 patrons plus seasonal outdoor service area and a full bar.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,374
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,267,480
$1.3M
Cap Rate 7%
$905,343
$905.3K
Cap Rate 9%
$704,156
$704.2K
Market Conditions
NOI Build-Up for 4,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$86.4K $21.60/SF
− Vacancy
−$1.9K −$0.48/SF
EGI
$84.5K $21.12/SF
− OpEx
−$21.1K −$5.28/SF
NOI
$63.4K $15.84/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,267,480
Cap Rate 7%
$905,343
Cap Rate 9%
$704,156
Alternative Uses
Best Use
Specialty Retail
$905.3K
$792.2K – $1.06M
NOI $63,374 @ 7.0% cap · market cap 4.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,616 @ 7.0% cap · market cap 6.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
367
Businesses Nearby
80k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 39%
Shops & Services 22%
Home Improvements & Furnishings 18%
Dining 15%
Big Y World Class Market
Groceries
31,441 visits/mo
0.4 miles
Rocky's Ace Hardware
Home Improvements & Furnishings
14,598 visits/mo
0.4 miles
Mobil
Shops & Services
12,417 visits/mo
0.2 miles
Dunkin' Donuts
Dining
6,695 visits/mo
0.2 miles
Domino's Pizza
Dining
2,953 visits/mo
0.2 miles
Demographics for 01520, MA
16,394
Population
5,946
Households
2.8
Avg Household Size
42
Median Age
58%
College-Educated
96%
High-School Grad
18.8 sq mi
ZIP Area
872
Density / Sq Mi
$147,582
Median Household Income
$77,719
Median Earnings
$1,578
Median Rent
$444,300
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - 4,000 SF restaurant with 125 seats and full bar.
Where is this conventional restaurant located?
The property is located at 1062 Main St Holden, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: High‑profile Main Street location at a signalized intersection with strong visibility.; 4,000 SF restaurant property with real estate included.; Seating for 125 patrons plus seasonal outdoor service area and a full bar.
