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    Studio Flex Space with Parking Title is generated by Realmo AI

    1131 Main St #2B, Hanson, MA 02341

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    New
    For Lease
    $3,100/Mo $18 SF/Yr (calc)

    Newly renovated main-street studio with cathedral ceilings, natural light, and versatile zoning for wellness or creative use.

    Property size:
    2,000 SF
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:43 am

    Property Features for 1131 Main St #2B

    General Information

    Standard status
    Active
    Size
    2,000 SF

    Building Details

    Year Built
    1850

    We can help!

    Listing Contact
    Effie Treon
    Effie Treon

    Listing agent Effie Treon License #449504905

    Listing office Treon Realty Group

    Listing date Jun 2, 2026

    Source Housatonicrealestate

    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 Treon Realty Group

    HighLights

    • Newly renovated 2,000 SF commercial studio space with an open layout, cathedral ceilings, hardwood floors, and lots of natural light
    • Central air & heat with separate utilities for the leased space
    • Zoned commercial/FLEX, supporting a wide range of uses including wellness and creative or community uses
    • Located on Main Street in Hanson directly across from the commuter rail
    • Ample on‑site parking available
    • Triple net (NNN) lease terms

    Overview

    This newly renovated 2,000-square-foot commercial studio suite offers a large open layout with cathedral ceilings, hardwood floors, and abundant natural light. The space is designed for flexible, studio-style operations and includes central air and heat for year-round comfort. On-site parking is available, and utilities are separate, which can help simplify operating expense management. The suite is also well-suited for companies looking for a clean, versatile environment that can be shaped to fit a variety of programming needs.

    The property is located on Main Street in the center of Hanson, directly across from the commuter rail, providing strong visibility and convenient access for clients and visitors. This prominent frontage location can support walk-in traffic and makes the space easy to reach for classes, events, and community-facing activities.

    Zoned commercial/FLEX, the suite allows for a wide range of uses, making it a practical option for an operator who needs both presence and adaptability. It is specifically described as a strong fit for ballet or dance, yoga and wellness, martial arts or creative movement, and community-oriented uses such as a community center or church. The layout can also support private events or parties, offering additional revenue potential for the right operator.
    Location Intelligence

    Current Use by Public Records

    Baptist Church Inc Church

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Hanson
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.882177
    Latitude
    42.0430909

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    FAQs

    What type of property is this?
    Creative space - Newly renovated main-street studio with cathedral ceilings, natural light, and versatile zoning for wellness or creative use.
    Where is this creative space located?
    The property is located at 1131 Main St #2B Hanson, MA.
    What is the lease rate?
    The lease rate is $3,100 /Mo.
    What are key features of this property?
    This property features: Newly renovated 2,000 SF commercial studio space with an open layout, cathedral ceilings, hardwood floors, and lots of natural light; Central air & heat with separate utilities for the leased space; Zoned commercial/FLEX, supporting a wide range of uses including wellness and creative or community uses
    (781) 424-0131
    We can help!
    Listing Contact
    Effie Treon
    Effie Treon
    Real Estate License ID: 449504905
    Learn More
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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.

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