Fully Permitted Mixed-Use
For Sale
$1,250,000
151 Main Street, Maynard, MA 01754
Fully permitted for construction of a mixed-use building with retail, office, and three residential units in downtown Maynard.
Property Size4,762 SF
Price / SF$262.49
Days on Market107
Property Features for 151 Main Street
General Information
Standard status
Active
Size
4,762 SF
Property subtype
Multi-family
Additional Details
Multifamily Units
3
Building Details
Year Built
2027
Listing Agency:
The Attias Group,LLC
(617) 267-3500
Listed By:
The Zur Attias Team
Source:
Eganrealtygroup
Added: May 11
Changed: Aug 21
Last Checked: Aug 25 at 5:08AM
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 The Attias Group,LLC
Investment Insights
Based on property information with market context.
This offering is for a shovel-ready mixed-use development with approvals in place for construction. The project is described as a modern mixed-use structure designed to support flexible layouts, with space intended for retail and office use alongside three residential units for living or condo/rental configuration. Large windows are indicated as part of the design to support natural light and visibility, with modern finishes planned throughout.
The property is located at 151 Main Street in Maynard, identified as being in downtown Maynard across from Mill & Main. The surrounding area is described as a mix of shops and restaurants with steady business activity.
For tenants, buyers, or operators, the core advantage is the ability to plan a consolidated retail, office, and residential environment under one ownership. The approved, ready-to-build status can support parties looking to time construction to their business and housing plans, with the project positioned for multiple uses in a single building. The layout is represented as able to accommodate a range of business opportunities while also providing dedicated residential units within the same development.
The property is located at 151 Main Street in Maynard, identified as being in downtown Maynard across from Mill & Main. The surrounding area is described as a mix of shops and restaurants with steady business activity.
For tenants, buyers, or operators, the core advantage is the ability to plan a consolidated retail, office, and residential environment under one ownership. The approved, ready-to-build status can support parties looking to time construction to their business and housing plans, with the project positioned for multiple uses in a single building. The layout is represented as able to accommodate a range of business opportunities while also providing dedicated residential units within the same development.
Key Highlights
- Fully permitted and shovel‑ready for construction of a mixed‑use building in downtown Maynard
- Planned mix includes retail and office space plus three residential units
- Downtown Maynard site is located across from Mill & Main
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
$78,573
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
6.29%
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%
$1,571,460
$1.6M
Cap Rate 7%
$1,122,471
$1.1M
Cap Rate 9%
$873,033
$873.0K
Market Conditions
NOI Build-Up for 4,762 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
$142.9K $30.00/SF
− Vacancy
−$17.1K −$3.60/SF
EGI
$125.7K $26.40/SF
− OpEx
−$47.1K −$9.90/SF
NOI
$78.6K $16.50/SF
Area
Middlesex County, MA
Vacancy
12.00%
Lease Rate
$30.00 /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%
$1,571,460
Cap Rate 7%
$1,122,471
Cap Rate 9%
$873,033
Alternative Uses
Best Use
Mixed Use
$1.12M
$982.2K – $1.31M
NOI $78,573 @ 7.0% cap · market cap 6.29%
Second Best
Retail
$977.8K
$855.5K – $1.14M
NOI $68,443 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$2.82M
$2.47M – $3.29M
NOI $197,336 @ 7.0% cap · market cap 15.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Residential units
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Shops & Services 46%
McDonald's
Dining
18,771 visits/mo
0.4 miles
Cumberland Farms
Shops & Services
9,370 visits/mo
0.5 miles
7-Eleven
Shops & Services
4,282 visits/mo
0.5 miles
Enterprise Rent-A-Car
Shops & Services
1,069 visits/mo
0.5 miles
Maynard Motors
Shops & Services
943 visits/mo
0.4 miles
Demographics for 01754, MA
10,730
Population
4,845
Households
2.2
Avg Household Size
43
Median Age
64%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
2,063
Density / Sq Mi
$119,549
Median Household Income
$74,452
Median Earnings
$1,678
Median Rent
$494,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully permitted for construction of a mixed-use building with retail, office, and three residential units in downtown Maynard.
Where is this mixed-use property located?
The property is located at 151 Main Street Maynard, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Fully permitted and shovel‑ready for construction of a mixed‑use building in downtown Maynard; Planned mix includes retail and office space plus three residential units; Downtown Maynard site is located across from Mill & Main
