Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    425 East Washington 2 North Attleboro, MA 02760

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,000 /Mo

    Retail space for lease on busy East Washington Street.

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Richard Gomolka
    Source: Elliman

    Listing Agent: Richard Gomolka

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Retail Space on East Washington

    This retail space is located on busy East Washington Street, situated between a barbershop and a hearing aid company. The space includes a 3-bay sink, a hand wash sink, a grease trap, an in-unit bathroom, and central AC. The base rent is $1,890 per month plus NNN, which includes taxes, common area insurance, and common area maintenance. Restaurants that do not require a vent hood are allowed. Potential business uses include a hot dog shop, shake shop, ice cream shop, coffee/bakery, or cold sandwiches. Grilling must be done off-site. Pylon sign visibility is available. Discounted rent is available for the first year with a 5-year lease. Occupancy can occur quickly.
    Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    North Attleboro
    County
    State
    Massachusetts
    Longitude
    -71.3359
    Latitude
    41.9706

    Nearby Similar for Lease

    • $1,700 /Mo

      Updated Office Space Available

      North Attleboro office space with easy access and visibility.
      555 Elm 2, North Attleboro, MA 02760
      View Details
    • $12 SF/Yr

      North Attleboro Office Space Available

      3,035+ SF office building with ample parking for rent.
      106 Commonwealth Ave, North Attleboro, MA 02760
      View Details
    • $1,450 /Mo

      Commercial Space for Rent

      Second-floor commercial space perfect for professional or business use.
      481 Old Post Rd, North Attleboro, MA 02760
      View Details
    • $21 SF/Yr
      2,628 SF

      Well-Maintained Office Building For Rent

      Office building suitable for healthcare, retail, or professional services.
      543 Kelley Blvd, North Attleboro, MA
      View Details
    • Contact for pricing

      Retail Space in North Attleborough

      Retail spaces available for lease with prominent co-tenants.
      40 Cumberland Ave, North Attleboro, MA 02760
      View Details
    • Contact for pricing
      2,818 SF

      Retail Space on Route 1

      Retail space with high visibility on a well-traveled route.
      110 E Washington St, North Attleboro, MA
      View Details
    • $1,795 /Mo

      North Attleboro Office Space Available

      Second floor office space for rent in North Attleboro.
      16 E Washington St, North Attleboro, MA 02760
      View Details
    • Contact for pricing
      9,700 SF

      Retail Space in North Attleboro

      9,700 sq ft retail space available for rent.
      5-125 Robert F Toner Blvd, North Attleboro, MA
      View Details
    • $1,795 /Mo
      928 SF

      North Attleboro Office Space Available

      928 SF office space for rent in North Attleboro.
      16 E Washington St, North Attleboro, MA
      View Details

    FAQs

    What type of property is this?
    Retail space - Retail space for lease on busy East Washington Street.
    Where is this retail space located?
    The property is located at 425 East Washington 2 North Attleboro, MA.
    What are key features of this property?
    This property features: - Discounted rent year 1 with a 5-year lease.; - High-traffic location on East Washington Street, situated between established businesses.; - Suitable for various food service concepts (hot dog, shake, ice cream, coffee/bakery, cold sandwiches).
    (781) 408-1245
    Request Owner's contact information
    425 East Washington 2 North Attleboro, MA 02760
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    425 East Washington 2
    North Attleboro, MA 02760
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    425 East Washington 2 North Attleboro, MA 02760
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Richard Gomolka
    (781) 408-1245
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.