Building Details

Year built 2007

Listing Agency: Keller Williams South Watuppa · Keller Williams Realty

Listed By: Clifford Ponte Show Phone

Added: Apr 1 Changed: Sep 24 Last Checked: Oct 19 at 11:06AM

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MLS# 73495036

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Investment Insights

Based on property information with market context.

At 140 N Franklin St. in Holbrook, this 31,920-square-foot mixed-use property sits on 1.69 acres and was built in 2007. Amego Inc. and CH Beauty Inc. are the two tenants. The leases use an NNN structure and include 3% annual rent escalations. The property is reported to have a cap rate above 8%.

The site is zoned B2 and is also within the Town Center Overlay District. Together, the property’s mixed-use classification, two-tenant occupancy, and documented zoning designations describe its existing commercial configuration.

Key Highlights

• 31,920 square feet on a 1.69‑acre site
• Two tenants: Amego Inc. and CH Beauty Inc.
• NNN leases include 3% annual rent escalations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$308,347

Cap Rate

5.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,166,940 $6.2M

Cap Rate 7%

$4,404,957 $4.4M

Cap Rate 9%

$3,426,078 $3.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 31,920 SF

Gross rent

$536.3K $16.80/SF

− Vacancy

−$42.9K −$1.34/SF

EGI

$493.4K $15.46/SF

− OpEx

−$185.0K −$5.80/SF

NOI

$308.3K $9.66/SF

Area

Norfolk County, MA

Vacancy

8.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,166,940

Cap Rate 7%

$4,404,957

Cap Rate 9%

$3,426,078

Alternative Uses

Best Use

Mixed Use

$4.40M

$3.85M – $5.14M (±1% cap)

NOI $308,347 @ 7.0% cap · market cap 5.14%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$18.90M

$16.53M – $22.05M (±1% cap)

NOI $1,322,757 @ 7.0% cap · market cap 22.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Emerging Academy Daycare Center Bounce On Us Party ... Party Supply Store En Pointe Dance ... Theater & Performing Art Venue Senior Equity Financial ... Financial Advisor

Suggested Use

Top Pick Real Estate Agency Dental Office Restaurant Law Firm Auto Parts Store Storage Facility

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

Lease Details

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

326

Businesses Nearby

Explore this area Business Placement

Demographics for 02343, MA

11,364

Population

4,268

Households

2.7

Avg Household Size

42

Median Age

37%

College-Educated

94%

High-School Grad

7.0 sq mi

ZIP Area

1,623

Density / Sq Mi

$107,198

Median Household Income

$56,269

Median Earnings

$1,522

Median Rent

$435,300

Median Home Value

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Frequently Asked Questions

What type of property is this?

Mixed-use property - Two tenants occupy the property under NNN leases with annual rent increases built into the agreements.

Where is this mixed-use property located?

The property is located at 140 N Franklin St. Holbrook, MA.

What is the asking price?

The asking price for this property is $6,000,000.

What are key features of this property?

This property features: 31,920 square feet on a 1.69‑acre site; Two tenants: Amego Inc. and CH Beauty Inc.; NNN leases include 3% annual rent escalations