Commercial Property on Busy
For Sale
$1,200,000
1255 Bridge Street Dracut, Dracut, MA 01826
B3 Zoned commercial property on a high traffic road.
Property Size1,828 SF
Price / SF$656.46
Days on Market106
Property Features for 1255 Bridge Street Dracut
General Information
Standard status
Active
Size
1,828 SF
Zoning
B3
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
(508) 501-1443
Listed By:
Alyson Roslonek
(508) 501-1443
Source:
Milestonerealtyinc
Added: May 15
Changed: Aug 28
Last Checked: Aug 28 at 7:33AM
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
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 = 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
$34,241
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
2.85%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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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 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.
