Mixed-Use Building Near Cohasset
For Sale
$2,550,000
147 S Main St, Cohasset, MA 02025
Newly built mixed-use property with commercial and residential units.
Property Size7,935 SF
Days on Market146
Property Features for 147 S Main St
General Information
Standard status
Active
Size
7,935 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$19,285
Building Details
Building Size
7,935 SF
Year Built
2023
Listing Agency:
McCarthy & Gratta RE
Listed By:
John Schiavo
(781) 925-6500
Source:
Classifiedrealtygroup
Added: Apr 22
Changed: Sep 4
Last Checked: Sep 13 at 5:40AM
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 McCarthy & Gratta RE
Investment Insights
Based on property information with market context.
This newly constructed, high-end mixed-use building features three commercial/retail suites and three residential townhouses. The residential units include two 2-bedroom, 2-bathroom units and one 3-bedroom, 3-bathroom unit. The property also includes four storage units. It is equipped with a fire suppression wet sprinkler and alarm system. The property is conveniently located just outside the historic Cohasset Village area, which offers a variety of dining and shopping options. Route 3A is a short drive away and features public transportation, walking trails, and additional dining and shopping opportunities. This property is intended for real estate investors.
Key Highlights
- Newly built in 2023, this mixed‑use building offers both commercial and residential opportunities.
- Features 3 commercial/retail suites and 3 residential townhouses, including two 2BR/2BA units and one 3BR/3BA unit.
- Conveniently located near Cohasset Village, offering easy access to dining and shopping.
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
$76,652
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
3.01%
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%
$1,533,040
$1.5M
Cap Rate 7%
$1,095,029
$1.1M
Cap Rate 9%
$851,689
$851.7K
Market Conditions
NOI Build-Up for 7,935 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
$133.3K $16.80/SF
− Vacancy
−$10.7K −$1.34/SF
EGI
$122.6K $15.46/SF
− OpEx
−$46.0K −$5.80/SF
NOI
$76.7K $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%
$1,533,040
Cap Rate 7%
$1,095,029
Cap Rate 9%
$851,689
Alternative Uses
Best Use
Mixed Use
$1.10M
$958.2K – $1.28M
NOI $76,652 @ 7.0% cap · market cap 3.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.70M
$4.11M – $5.48M
NOI $328,824 @ 7.0% cap · market cap 12.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
346
Businesses Nearby
Explore this area
Business Placement
Demographics for 02025, MA
8,381
Population
3,300
Households
2.5
Avg Household Size
44
Median Age
72%
College-Educated
98%
High-School Grad
9.8 sq mi
ZIP Area
855
Density / Sq Mi
$187,060
Median Household Income
$92,566
Median Earnings
$1,959
Median Rent
$1,092,500
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Newly built mixed-use property with commercial and residential units.
Where is this mixed-use property located?
The property is located at 147 S Main St Cohasset, MA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Newly built in 2023, this mixed‑use building offers both commercial and residential opportunities.; Features 3 commercial/retail suites and 3 residential townhouses, including two 2BR/2BA units and one 3BR/3BA unit.; Conveniently located near Cohasset Village, offering easy access to dining and shopping.
