Building Details

Building Size 1,692 SF

Year Built 1900

Year Renovated 2017

Listing Agency: The Stubblebine Company - CORFAC International

Listed By: Chloe Stubblebine · License #MA #9581528 Show Phone

Source: Corfac

Added: Aug 20 Changed: Sep 10 Last Checked: Oct 4 at 7:28AM

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Investment Insights

Based on property information with market context.

This two-level mixed-use property combines commercial and residential components within a 1,692-square-foot building. The ground-floor retail area is vacant, while the upper level is configured as a residential studio. Building improvements include a 2017 renovation and a newer roof.

Heating and cooling are supported by propane heaters and mini-split systems serving both floors. The property occupies 0.10 acres at 190 Main St in Athol, Massachusetts, and dates to 1900.

Key Highlights

• 1,692 SF mixed‑use building with retail and residential studio components
• Ground‑floor retail area is vacant
• Upper level configured as a residential studio

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,020

Cap Rate

8.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$500,400 $500.4K

Cap Rate 7%

$357,429 $357.4K

Cap Rate 9%

$278,000 $278.0K

Market Conditions

NOI Build-Up for 1,692 SF

Gross rent

$36.5K $21.60/SF

− Vacancy

−$804 −$0.48/SF

EGI

$35.7K $21.12/SF

− OpEx

−$10.7K −$6.34/SF

NOI

$25.0K $14.79/SF

Area

Worcester County, MA

Vacancy

2.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$500,400

Cap Rate 7%

$357,429

Cap Rate 9%

$278,000

Alternative Uses

Best Use

Retail

$357.4K

$312.8K – $417.0K (±1% cap)

NOI $25,020 @ 7.0% cap · market cap 8.34%

Second Best

Mixed Use

$218.0K

$190.8K – $254.3K (±1% cap)

NOI $15,260 @ 7.0% cap · market cap 5.09%

Theoretical Best

Office A

$577.8K

$505.6K – $674.1K (±1% cap)

NOI $40,446 @ 7.0% cap · market cap 13.48%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Storefront properties

Suggested Use

Top Pick Parking Lot & Garage Bakery Hair Salon HVAC Service Garden Center Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

471

Businesses Nearby

24k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 93% Dining 7%

Cumberland Farms Shops & Services

10,895 visits/mo 0.1 miles

Ocean State Job Lot Shops & Services

7,792 visits/mo 0.2 miles

BP Shops & Services

2,294 visits/mo 0.1 miles

Domino's Pizza Dining

1,700 visits/mo 0.1 miles

Liberty Tax Shops & Services

672 visits/mo 0.2 miles

Demographics for 01331, MA

13,656

Population

6,050

Households

2.3

Avg Household Size

44

Median Age

21%

College-Educated

89%

High-School Grad

54.2 sq mi

ZIP Area

252

Density / Sq Mi

$68,345

Median Household Income

$42,132

Median Earnings

$1,041

Median Rent

$257,300

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

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What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-level property combining a vacant retail area with an upstairs residential studio and updated building systems.

Where is this mixed-use property located?

The property is located at 190 Main St Athol, MA.

What is the asking price?

The asking price for this property is $300,000.

What are key features of this property?

This property features: 1,692 SF mixed‑use building with retail and residential studio components; Ground‑floor retail area is vacant; Upper level configured as a residential studio