Commercial Property on Route
For Sale
$549,000
58 Sandwich Rd, Wareham, MA 02571
Well-maintained commercial property with high visibility and traffic count.
Property Size1,379 SF
Price / SF$398.11
Days on Market486
Property Features for 58 Sandwich Rd
General Information
Standard status
Active
Size
1,379 SF
Taxes and HOA fees
Annual Taxes
$2,768
Building Details
Year Built
1920
Listing Agency:
LPT Realty - Home & Key Group
Listed By:
Wayne Bellemare
Source:
Corcoran
Added: May 4, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 LPT Realty - Home & Key Group
Investment Insights
Based on property information with market context.
This commercial property is located on Route 6 and was most recently used as an auto sales and repair facility. The property features a customer entrance and reception area with two walls of floor-to-ceiling windows. The reception area is finished with shiplap pine. There are 12-foot overhead doors at the front and rear of the shop that provide drive-through access to the rear lot. The fenced rear lot is accessible from the side of the building or via road frontage on Pires Street. The main level includes a large mechanical room, a half bath, and a three-quarter bath. The second story is a large, open room suitable for storage or office space. The building size is 1379 square feet.
Key Highlights
- High traffic count and excellent visibility on Rte 6.
- Grandfathered status suitable for various businesses (previously Auto Sales / Repair).
- Drive‑through access with 12' overhead doors at front and rear.
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
$22,658
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
4.13%
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%
$453,160
$453.2K
Cap Rate 7%
$323,686
$323.7K
Cap Rate 9%
$251,756
$251.8K
Market Conditions
NOI Build-Up for 1,379 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
$33.1K $24.00/SF
− Vacancy
−$728 −$0.53/SF
EGI
$32.4K $23.47/SF
− OpEx
−$9.7K −$7.04/SF
NOI
$22.7K $16.43/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
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%
$453,160
Cap Rate 7%
$323,686
Cap Rate 9%
$251,756
Alternative Uses
Best Use
Retail
$323.7K
$283.2K – $377.6K
NOI $22,658 @ 7.0% cap · market cap 4.13%
Second Best
Industrial
$209.5K
$183.4K – $244.5K
NOI $14,668 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$816.4K
$714.3K – $952.4K
NOI $57,145 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02571, MA
10,858
Population
6,205
Households
1.7
Avg Household Size
51
Median Age
32%
College-Educated
90%
High-School Grad
18.7 sq mi
ZIP Area
581
Density / Sq Mi
$87,302
Median Household Income
$56,282
Median Earnings
$1,427
Median Rent
$422,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Advanced Engine Rebuilding Inc — 176 Main St, Wareham, MA 02571
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Frequently Asked Questions
What type of property is this?
Auto shop - Well-maintained commercial property with high visibility and traffic count.
Where is this auto shop located?
The property is located at 58 Sandwich Rd Wareham, MA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: High traffic count and excellent visibility on Rte 6.; Grandfathered status suitable for various businesses (previously Auto Sales / Repair).; Drive‑through access with 12' overhead doors at front and rear.
