Walpole Commercial Condo
1391 Main Street #C, Walpole, MA 02081
For Sale
$375,000
Pending
Commercial condo for sale in Walpole, great location.
Property Size2,000 SF
Days on Market667
Property Features for 1391 Main Street #C
General Information
Standard status
Size
Property subtype
Building Details
Year Built
Listing Agency:
StartPoint Realty
(978) 422-3999
Listed By:
Steve Cunningham
(508) 801-6858
Source:
Corcoran
Added: Jan 15, 2025
Changed: Aug 8
Last Checked: Aug 8 at 4:46AM
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 StartPoint Realty
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 condo is available for sale in Walpole. The listing is for 2000 square feet of commercial space. The buyer is responsible for buildout. The property offers exposure to Main Street traffic. Ample commercial parking is available, with 23+ parking spaces, and more may be possible depending on the business. The property is located on the first floor, consisting of 3/4 units of commercial space, with two floors of luxury condominiums above. The condominiums have their own separate parking. The builder will subdivide to suit the buyer. The space is ideal for a convenience store, office space, accountants, lawyers, or retail.
Key Highlights
- Great location with high Main Street traffic exposure.
- Flexible space: Builder will subdivide to suit buyer's needs.
- Ample parking: 23+ spaces available, with potential for more.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,035
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,700
$680.7K
Cap Rate 7%
$486,214
$486.2K
Cap Rate 9%
$378,167
$378.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$49.9K $24.96/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$48.6K $24.31/SF
− OpEx
−$14.6K −$7.29/SF
NOI
$34.0K $17.02/SF
Area
Norfolk County, MA
Vacancy
2.60%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,700
Cap Rate 7%
$486,214
Cap Rate 9%
$378,167
Alternative Uses
Best Use
Office B
$842.4K
$737.1K – $982.8K
NOI $58,968 @ 7.0% cap · market cap 15.72%
Second Best
Retail
$486.2K
$425.4K – $567.3K
NOI $34,035 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 22.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
317
Businesses Nearby
Explore this area
Business Placement
Demographics for 02081, MA
20,584
Population
7,663
Households
2.7
Avg Household Size
43
Median Age
61%
College-Educated
97%
High-School Grad
17.7 sq mi
ZIP Area
1,163
Density / Sq Mi
$150,233
Median Household Income
$75,808
Median Earnings
$1,980
Median Rent
$647,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office Units in Norfolk County, MA
Properties on Market for Office Units in Norfolk County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial condo for sale in Walpole, great location.
Where is this office unit located?
The property is located at 1391 Main Street #C Walpole, MA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Great location with high Main Street traffic exposure.; Flexible space: Builder will subdivide to suit buyer's needs.; Ample parking: 23+ spaces available, with potential for more.
