Commercial Property on Busy
For Sale
$1,200,000
1255 Bridge Street, Dracut, MA 01826
B3 Zoned commercial property on a high traffic road.
Property Size1,828 SF
Price / SF$656.46
Days on Market159
Property Features for 1255 Bridge Street
General Information
Standard status
Active
Size
1,828 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$8,429
Building Details
Building Size
1,828 SF
Year Built
1972
Listing Agency:
Dick Lepine Real Estate,Inc.
Listed By:
Michael McDowell
(978) 441-2100
Source:
Classifiedrealtygroup
Added: May 15
Changed: Oct 17
Last Checked: Oct 19 at 4:02AM
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 Dick Lepine Real Estate,Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial property is located on the Dracut/Lowell line on Route 38. Previously a TD Bank, the property is zoned B3 and situated in a high-traffic area with access to public transportation. The building includes approximately 700 square feet of additional space in the lower level, which features a kitchen area, office/storage space, a men's room, and a ladies' room. Nearby businesses include Market Basket Plaza, McDonald's, Burger King, Walgreens, Advanced Auto Parts, and Discount Auto Parts. The property has 1828 square feet.
Key Highlights
- Prime location on busy Route 38, on the Dracut/Lowell line.
- B3 Zoned commercial property.
- High traffic area with public transportation access.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,241
Cap Rate
2.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,820
$684.8K
Cap Rate 7%
$489,157
$489.2K
Cap Rate 9%
$380,456
$380.5K
Market Conditions
NOI Build-Up for 1,828 SF
Gross rent
$49.4K $27.00/SF
− Vacancy
−$3.7K −$2.03/SF
EGI
$45.7K $24.98/SF
− OpEx
−$11.4K −$6.24/SF
NOI
$34.2K $18.73/SF
Area
Middlesex County, MA
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$684,820
Cap Rate 7%
$489,157
Cap Rate 9%
$380,456
Alternative Uses
Best Use
Specialty Retail
$489.2K
$428.0K – $570.7K
NOI $34,241 @ 7.0% cap · market cap 2.85%
Second Best
Retail
$375.3K
$328.4K – $437.9K
NOI $26,274 @ 7.0% cap · market cap 2.19%
Theoretical Best
Office A
$1.08M
$946.9K – $1.26M
NOI $75,752 @ 7.0% cap · market cap 6.31%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
517
Businesses Nearby
112k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 50%
Groceries 42%
Shops & Services 5%
Electronics 3%
Market Basket
Groceries
47,083 visits/mo
0.1 miles
McDonald's
Dining
22,825 visits/mo
0.1 miles
Wendy's
Dining
16,681 visits/mo
0.2 miles
Burger King
Dining
10,836 visits/mo
0.2 miles
Moe's Southwest Grill
Dining
5,148 visits/mo
0.1 miles
Demographics for 01826, MA
32,689
Population
12,480
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,572
Density / Sq Mi
$111,451
Median Household Income
$58,361
Median Earnings
$1,740
Median Rent
$466,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Bank - B3 Zoned commercial property on a high traffic road.
Where is this bank located?
The property is located at 1255 Bridge Street Dracut, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime location on busy Route 38, on the Dracut/Lowell line.; B3 Zoned commercial property.; High traffic area with public transportation access.
