Mixed-Use Commercial
For Sale
$1,300,000
1467 S Main St, Fall River, MA 02724
Mixed-use property with flexible commercial, office, and industrial space.
Property Size11,743 SF
Lot Size0.85 Acres
Price / SF$110.70
Days on Market156
Property Features for 1467 S Main St
General Information
Standard status
Active
Size
11,743 SF
Lot size
0.85 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$10,657
Building Details
Year Built
1900
Listing Agency:
Alfonso Realty Co.
(508) 207-0152
Listed By:
Henry Alfonso · License #9029045
(508) 207-0152
Source:
Elliman
Added: Mar 10
Changed: Jul 10
Last Checked: Jul 10 at 3:49PM
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 Alfonso Realty Co.
Investment Insights
Based on property information with market context.
This mixed-use commercial property is located in a high-visibility area on South Main Street. The listing includes two buildings at 1467 South Main St. and 38 Allen St., totaling approximately 0.85 acres. The property has frontage on both streets and a shared access drive. The two buildings offer approximately 11,743 square feet of flexible commercial, office, industrial, and auto-related space. The layout includes multiple drive-in bays, office suites, a loading dock, private entrance points, and on-site parking. The property is surrounded by established local businesses, restaurants, and retail, and is located minutes from Route 195. This site benefits from strong traffic counts and exposure. The property is zoned B-L Limited Business District, which allows for a variety of commercial uses. It is suitable for an owner-user, investor, portfolio reposition, or redevelopment.
Key Highlights
- Prime mixed‑use commercial opportunity in high‑visibility location.
- Two buildings totaling approx. 11,743± SF of flexible space.
- Located on .85± acres with frontage on two streets and shared access.
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
$114,917
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
8.84%
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%
$2,298,340
$2.3M
Cap Rate 7%
$1,641,671
$1.6M
Cap Rate 9%
$1,276,856
$1.3M
Market Conditions
NOI Build-Up for 11,743 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
$176.1K $15.00/SF
− Vacancy
−$12.0K −$1.02/SF
EGI
$164.2K $13.98/SF
− OpEx
−$49.3K −$4.19/SF
NOI
$114.9K $9.79/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$15.00 /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%
$2,298,340
Cap Rate 7%
$1,641,671
Cap Rate 9%
$1,276,856
Alternative Uses
Best Use
Flex RnD
$5.28M
$4.62M – $6.15M
NOI $369,269 @ 7.0% cap · market cap 28.41%
Second Best
Office B
$2.76M
$2.41M – $3.22M
NOI $193,014 @ 7.0% cap · market cap 14.85%
Theoretical Best
Office A
$7.15M
$6.26M – $8.34M
NOI $500,590 @ 7.0% cap · market cap 38.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
709
Businesses Nearby
Explore this area
Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with flexible commercial, office, and industrial space.
Where is this mixed-use property located?
The property is located at 1467 S Main St Fall River, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Prime mixed‑use commercial opportunity in high‑visibility location.; Two buildings totaling approx. 11,743± SF of flexible space.; Located on .85± acres with frontage on two streets and shared access.
