Mixed-Use Property with Retail
New
For Sale
$1,300,000
1064 Main, Hanson, MA 02341
Corner-lot property with an existing pizza shop, convenience store, rear warehouse units, and additional parking.
Property Size8,352 SF
Days on Market3
Property Features for 1064 Main
General Information
Standard status
Active
Size
8,352 SF
Property subtype
Commercial
Zoning
Mixed Use
Additional Details
Road Access
Yes
Building Details
Building Size
8,352 SF
Year Built
1960
Listing Agency:
Unicorn Realty
(617) 312-6742
Listed By:
Denece McGann Clinton · License #455012783
(617) 312-6742
Source:
Elliman
Added: Aug 18
Changed: Aug 19
Last Checked: Aug 20 at 10:39AM
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 Unicorn Realty
Investment Insights
Based on property information with market context.
This mixed-use property includes an existing pizza shop and convenience store with direct Main Street frontage. The corner-lot layout also provides rear warehouse units and additional parking, supported by three curb cuts for access.
The property is located steps from the Hanson MBTA Commuter Rail Station. Its business zoning permits residential and commercial uses within the MBTA Communities Overlay District, identified as MCMOD. A Wine and Beer License and Lottery sales License are available. Built in 1960, the property includes a combination of retail, food-service, warehouse, and parking components.
The property is located steps from the Hanson MBTA Commuter Rail Station. Its business zoning permits residential and commercial uses within the MBTA Communities Overlay District, identified as MCMOD. A Wine and Beer License and Lottery sales License are available. Built in 1960, the property includes a combination of retail, food-service, warehouse, and parking components.
Key Highlights
- Existing pizza shop and convenience store
- Direct frontage on Main Street
- Three curb cuts provide access to rear warehouse units and additional parking
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
$103,899
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
7.99%
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%
$2,077,980
$2.1M
Cap Rate 7%
$1,484,271
$1.5M
Cap Rate 9%
$1,154,433
$1.2M
Market Conditions
NOI Build-Up for 8,352 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
$133.3K $15.96/SF
− Vacancy
−$11.1K −$1.32/SF
EGI
$122.2K $14.64/SF
− OpEx
−$18.3K −$2.20/SF
NOI
$103.9K $12.44/SF
Area
Plymouth County, MA
Vacancy
8.30%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
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%
$2,077,980
Cap Rate 7%
$1,484,271
Cap Rate 9%
$1,154,433
Alternative Uses
Best Use
Specialty Retail
$2.21M
$1.93M – $2.57M
NOI $154,380 @ 7.0% cap · market cap 11.88%
Second Best
Retail
$1.96M
$1.72M – $2.29M
NOI $137,227 @ 7.0% cap · market cap 10.56%
Theoretical Best
Office A
$4.94M
$4.33M – $5.77M
NOI $346,105 @ 7.0% cap · market cap 26.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
140
Businesses Nearby
Explore this area
Business Placement
Demographics for 02341, MA
10,367
Population
4,014
Households
2.6
Avg Household Size
45
Median Age
39%
College-Educated
93%
High-School Grad
14.9 sq mi
ZIP Area
696
Density / Sq Mi
$112,457
Median Household Income
$59,200
Median Earnings
$1,912
Median Rent
$498,700
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Corner-lot property with an existing pizza shop, convenience store, rear warehouse units, and additional parking.
Where is this mixed-use property located?
The property is located at 1064 Main Hanson, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Existing pizza shop and convenience store; Direct frontage on Main Street; Three curb cuts provide access to rear warehouse units and additional parking
