100-102 Main St Gloucester, MA 01930
Mixed-use building with retail and residential units in Gloucester, MA.
Property Features for 100-102 Main St
General Information
- Standard status
- Active
- Size
- 8,068 SF
Building Details
- Year Built
- 1905
Listing office Churchill Properties (978) 515-7031
Listing date May 19, 2025
Source Corcoran
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 Churchill Properties
Investment Insights
Based on property information with market context.
Key Highlights
- Mixed‑use building with two retail stores and three residential apartments, all currently leased, offering immediate income.
- Prime location on Main Street among busy shops and restaurants.
- Luxury 2000+ sq ft single‑level apartment with granite kitchen.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $290.4k | $36.00 |
| − Vacancy | −$29.0k | −$3.60 |
| EGI | $261.4k | $32.40 |
| − OpEx | −$98.0k | −$12.15 |
| NOI | $163.4k | $20.25 |
