Three-Unit Retail Strip
For Sale
$699,900
1101 N Main St, Randolph, MA 02368
Each suite has dedicated heating, air conditioning, and electrical service, with a full basement for storage.
Property Size1,969 SF
Days on Market9
Property Features for 1101 N Main St
General Information
Standard status
Active
Size
1,969 SF
Property subtype
Commercial
Site & Location
Corner Location
Yes
Traffic Count
35,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Additional Details
Tenant in Place
Yes
Amenities
full basement
MBTA bus line
Building Details
Building Size
1,969 SF
Year Built
1969
Buildings
1
Construction
masonry
Tenancy
Multi
Listing Agency:
Todd A. Sandler REALTORS
(781) 961-1185
Listed By:
Todd Sandler
(617) 293-2033
Source:
Iverty
Added: Oct 21
Changed: Oct 29
Last Checked: Oct 28 at 7:33AM
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 Todd A. Sandler REALTORS
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Investment Insights
Based on property information with market context.
This 1969 brick-front masonry retail center contains three occupied suites on a corner lot. The units measure 885 square feet, 595 square feet, and 595 square feet. The largest suite has one lavatory; one 595-square-foot space includes an office, an open room, and two lavatories, while the other is open space with vinyl laminate flooring and one lavatory. Each suite has its own heating and air conditioning, separate electrical service, and a full basement. Town water and sewer serve the property, and the site has 12+ parking spaces.
The property fronts State Route 28, where the stated traffic count is approximately 35,000 cars per day. It is one minute from I-93 and on an MBTA bus line in the North Randolph Business District. Current occupants include a hair and nail salon, a home health care training company, and an electrical contractor.
The property fronts State Route 28, where the stated traffic count is approximately 35,000 cars per day. It is one minute from I-93 and on an MBTA bus line in the North Randolph Business District. Current occupants include a hair and nail salon, a home health care training company, and an electrical contractor.
Key Highlights
- Three retail suites measuring 885 square feet, 595 square feet, and 595 square feet
- 12+ parking spaces on a corner lot
- Full basement beneath each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,508
Cap Rate
4.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,160
$670.2K
Cap Rate 7%
$478,686
$478.7K
Cap Rate 9%
$372,311
$372.3K
Market Conditions
NOI Build-Up for 1,969 SF
Gross rent
$49.1K $24.96/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$47.9K $24.31/SF
− OpEx
−$14.4K −$7.29/SF
NOI
$33.5K $17.02/SF
Area
Norfolk County, MA
Vacancy
2.60%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$670,160
Cap Rate 7%
$478,686
Cap Rate 9%
$372,311
Alternative Uses
Best Use
Retail
$478.7K
$418.9K – $558.5K
NOI $33,508 @ 7.0% cap · market cap 4.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.17M
$1.02M – $1.36M
NOI $81,595 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
35,000 VPD
Traffic count
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
471
Businesses Nearby
17k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 83%
Dining 17%
Mobil
Shops & Services
14,329 visits/mo
0.3 miles
Domino's Pizza
Dining
2,898 visits/mo
0.2 miles
Demographics for 02368, MA
35,025
Population
13,091
Households
2.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
9.3 sq mi
ZIP Area
3,766
Density / Sq Mi
$103,321
Median Household Income
$52,614
Median Earnings
$2,049
Median Rent
$464,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Strip mall - Each suite has dedicated heating, air conditioning, and electrical service, with a full basement for storage.
Where is this strip mall located?
The property is located at 1101 N Main St Randolph, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Three retail suites measuring 885 square feet, 595 square feet, and 595 square feet; 12+ parking spaces on a corner lot; Full basement beneath each unit
