Updated Mixed-Use Retail
For Sale
$850,000
26-28 Norwood St Everett, Everett, MA 02149
Two street-level storefronts in a fully updated mixed-use building with recent flooring, paint, HVAC, and plumbing improvements.
Property Size2,448 SF
Price / SF$347.22
Days on Market84
Property Features for 26-28 Norwood St Everett
General Information
Standard status
Active
Size
2,448 SF
Zoning
BD
Net Operating Income
$242,331
Taxes and HOA fees
Annual Taxes
$9,469
Building Details
Year Built
1930
Listing Agency:
(508) 643-8166
Listed By:
Amanda Lucido Hodges
(508) 643-8166
Source:
Bournetosellrealestate
Added: Jun 3
Changed: Aug 24
Last Checked: Aug 25 at 5:28AM
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
Investment Insights
Based on property information with market context.
26–28 Norwood St is a fully updated mixed-use commercial property featuring two street-level retail storefronts. The building has been improved with updated storefront finishes, new flooring, fresh paint, and upgrades to HVAC and plumbing, creating modern, functional spaces suited for occupancy or investment.
The property benefits from street-level visibility and convenient street parking. The address is described as being on a high-traffic corridor near major routes, public transportation, restaurants, and ongoing development in Everett.
With approximately 2,448 square feet, this well-maintained building offers a straightforward storefront configuration across two units and the possibility for expansion, as noted in the remarks.
The property benefits from street-level visibility and convenient street parking. The address is described as being on a high-traffic corridor near major routes, public transportation, restaurants, and ongoing development in Everett.
With approximately 2,448 square feet, this well-maintained building offers a straightforward storefront configuration across two units and the possibility for expansion, as noted in the remarks.
Key Highlights
- Two street‑level commercial storefronts in a mixed‑use building
- Approximately 2,448 sq ft building with updated, modern‑ready spaces
- Recent improvements include updated storefronts, new flooring, and fresh paint
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
$35,185
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
4.14%
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%
$703,700
$703.7K
Cap Rate 7%
$502,643
$502.6K
Cap Rate 9%
$390,944
$390.9K
Market Conditions
NOI Build-Up for 2,448 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
$53.8K $21.96/SF
− Vacancy
−$3.5K −$1.43/SF
EGI
$50.3K $20.53/SF
− OpEx
−$15.1K −$6.16/SF
NOI
$35.2K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /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%
$703,700
Cap Rate 7%
$502,643
Cap Rate 9%
$390,944
Alternative Uses
Best Use
Retail
$502.6K
$439.8K – $586.4K
NOI $35,185 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,444 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,870
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Dunkin' Donuts
Dining
14,101 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,640 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,716 visits/mo
0.3 miles
7-Eleven
Shops & Services
5,960 visits/mo
0.4 miles
Dunkin' Donuts
Dining
4,689 visits/mo
0.5 miles
Demographics for 02149, MA
49,075
Population
18,541
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
80%
High-School Grad
3.4 sq mi
ZIP Area
14,434
Density / Sq Mi
$79,658
Median Household Income
$40,836
Median Earnings
$1,988
Median Rent
$605,200
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?
Storefront property - Two street-level storefronts in a fully updated mixed-use building with recent flooring, paint, HVAC, and plumbing improvements.
Where is this storefront property located?
The property is located at 26-28 Norwood St Everett Everett, MA.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Two street‑level commercial storefronts in a mixed‑use building; Approximately 2,448 sq ft building with updated, modern‑ready spaces; Recent improvements include updated storefronts, new flooring, and fresh paint
