Building Details

Building Size 31,920 SF

Year Built 2007

Tenancy Multi

Listing Agency: Keller Williams South Watuppa Show Phone

Listed By: Luke Walen · License #9565991 Show Phone

Source: Condonrealty

Added: Oct 19 Changed: Oct 23 Last Checked: Oct 23 at 3:18PM

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Investment Insights

Based on property information with market context.

Located at 140 North Franklin Street in Holbrook, this 31,920-square-foot mixed-use commercial property was built in 2007. The building is leased to two tenants, Amego Inc. and CH Beauty Inc., under NNN leases. Existing lease terms include 3% annual rent escalations.

The property is zoned B2, Legal Conforming, and falls within the Town Center Overlay District. These designations establish its zoning and overlay context for evaluating the property.

Key Highlights

• 31,920‑square‑foot mixed‑use property built in 2007
• Two established 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 established tenants occupy a conforming B2-zoned property with contractual annual rent increases.

Where is this mixed-use property located?

The property is located at 140 North 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 mixed‑use property built in 2007; Two established tenants: Amego Inc. and CH Beauty Inc.; NNN leases include 3% annual rent escalations