NNN-Leased Commercial
For Sale
$6,000,000
140 N Franklin St., Holbrook, MA 02343
Commercial Sale, Holbrook, MA
Property Size31,920 SF
Lot Size1.69 Acres
Price / SF$187.97
Days on Market157
Property Features for 140 N Franklin St.
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
B2
Zoning description
Legal Conforming
Bathrooms
10
Full bathrooms
10
Rooms
Bathroom 4, Bathroom 3, Bathroom 6, Bathroom 9, Bathroom 1, Bathroom 10, Bathroom 2, Bathroom 7, Bathroom 5, Bathroom 8
Directions
Please use GPS
Standard status
Active
APN
M:15 L:024000,105858
Size
31,920 SF
Lot size
1.69 Acres
Taxes and HOA fees
Tax Year
2024
Tax Annual Amount
58921
Building Details
Year built
2007
Listing Agency:
Keller Williams South Watuppa · Keller Williams Realty
(508) 677-3233
Listed By:
Clifford Ponte · License #9554597
(508) 675-0995
Added: Apr 1
Changed: Sep 3
Last Checked: Sep 4 at 1:06AM
MLS# 73495036
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Constructed in 2007, this 31,920-square-foot commercial property occupies 1.69 acres and is arranged as a mixed-use asset with two established tenants: Amego Inc. and CH Beauty Inc. The leases are structured on an NNN basis and include 3% annual rent escalations. Current income reflects an 8% cap rate.
The property is located at 140 N Franklin St. in Holbrook, Massachusetts, within the town’s B2 zoning district and Town Center Overlay District. These designations provide the governing land-use framework for the site. The building includes multiple bathrooms, with ten identified in the property information.
The property is located at 140 N Franklin St. in Holbrook, Massachusetts, within the town’s B2 zoning district and Town Center Overlay District. These designations provide the governing land-use framework for the site. The building includes multiple bathrooms, with ten identified in the property information.
Key Highlights
- 31,920‑square‑foot commercial property on 1.69 acres
- Two established tenants: Amego Inc. and CH Beauty Inc.
- NNN lease structure with 3% annual rent escalations
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
$308,347
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
5.14%
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%
$6,166,940
$6.2M
Cap Rate 7%
$4,404,957
$4.4M
Cap Rate 9%
$3,426,078
$3.4M
Market Conditions
NOI Build-Up for 31,920 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
$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 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%
$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
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
NOI $1,322,757 @ 7.0% cap · market cap 22.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
NNN property - Mixed-use asset with two established occupants and contractual annual rent increases.
Where is this nnn 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‑foot commercial property on 1.69 acres; Two established tenants: Amego Inc. and CH Beauty Inc.; NNN lease structure with 3% annual rent escalations
