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    Retail Bakery and Event Building Title is generated by Realmo AI

    4 Olympia Street Norton, Norton, MA 02766

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    New
    For Sale
    $1,375,000

    Well-maintained retail building with an event-capable layout, built in 2021, plus office space and storage.

    Property size:
    4,800 SF
    Price / SF:
    $286/SF
    Added:
    Jun 4, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 5 at 2:17 am

    Property Features for 4 Olympia Street Norton

    General Information

    Standard status
    Active
    Size
    4,800 SF

    Building Details

    Year Built
    2021

    We can help!

    Listing Contact
    Amanda Lucido Hodges

    Listing agent Amanda Lucido Hodges

    Listing office

    Listing date Jun 4, 2026

    Source Bournetosellrealestate

    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 Amanda Lucido Hodges

    HighLights

    • 4800 SF commercial retail building built in 2021, currently operating as a bakery and event space
    • Bright interior with soaring ceilings and transom windows, designed for an open, functional retail/food‑service layout
    • Includes second‑floor office space plus break room and storage, along with attic space and a full basement for extra storage
    • Ample on‑site parking for approximately 25 vehicles
    • Versatile space suited for bakery/restaurant, café, catering, or event‑based business uses
    • Potential uses referenced include medical/dental, salon, childcare, and religious organizations

    Overview

    Located at 4 Olympia Street in Norton, this highly visible, well-maintained 4,800 SF commercial retail building is currently operating as a bakery and event space. Built in 2021, the property features an open, functional layout with natural light, soaring ceilings, and transom windows, supported by tasteful architectural details. In addition to the main space, there is second-floor office space along with a break room and storage, plus attic space and a full basement for additional storage and expansion.

    The site includes ample on-site parking for approximately 25 vehicles, supporting customer access for everyday operations and hosted events. The building’s configuration is designed to accommodate retail and food-service concepts, including uses tied to catering and gatherings.

    For tenants, owner-users, and investors, the space can support continued bakery/restaurant use and café concepts, and it may also fit a range of other service-oriented and community uses such as medical/dental, salon, childcare, or religious organizations. With dedicated office and multiple storage levels, the building also offers practical room for back-office needs and operational support.
    Location Intelligence

    Current Use by Public Records

    Sweet Stuff Bake ... Bakery

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norton
    County
    Bristol
    State
    Massachusetts
    Longitude
    -71.2074236
    Latitude
    41.9571015

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    FAQs

    What type of property is this?
    Conventional restaurant - Well-maintained retail building with an event-capable layout, built in 2021, plus office space and storage.
    Where is this conventional restaurant located?
    The property is located at 4 Olympia Street Norton Norton, MA.
    What is the asking price?
    The asking price for this property is $1,375,000.
    What are key features of this property?
    This property features: 4800 SF commercial retail building built in 2021, currently operating as a bakery and event space; Bright interior with soaring ceilings and transom windows, designed for an open, functional retail/food‑service layout; Includes second‑floor office space plus break room and storage, along with attic space and a full basement for extra storage
    (508) 643-8166
    We can help!
    Listing Contact
    Amanda Lucido Hodges
    Learn More
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    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
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