Building Details

Building Size 1,185 SF

Year Built 1947

Listing Agency: Coastal Realty

Listed By: Noble Vincent · License #106427 Show Phone

Source: Allisonmazer

Added: Oct 5 Changed: Oct 7 Last Checked: Oct 10 at 1:30AM

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Investment Insights

Based on property information with market context.

This 1,185-square-foot retail condominium has a rectangular plan with long, uninterrupted display walls and an open interior. The space is currently occupied by a fine wine shop, and its layout accommodates a range of retail or service configurations.

Located at 154 Front St, #1 in Marion, the property is directly across from the harbor. Shops, dining establishments, and a village general store are nearby.

Key Highlights

• 1,185‑square‑foot commercial condominium
• Directly across from the harbor at 154 Front St, #1, Marion
• Rectangular layout with long, uninterrupted display walls

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$19,470

Cap Rate

4.33%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$389,400 $389.4K

Cap Rate 7%

$278,143 $278.1K

Cap Rate 9%

$216,333 $216.3K

Market Conditions

NOI Build-Up for 1,185 SF

Gross rent

$28.4K $24.00/SF

− Vacancy

−$626 −$0.53/SF

EGI

$27.8K $23.47/SF

− OpEx

−$8.3K −$7.04/SF

NOI

$19.5K $16.43/SF

Area

Plymouth County, MA

Vacancy

2.20%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$389,400

Cap Rate 7%

$278,143

Cap Rate 9%

$216,333

Alternative Uses

Best Use

Retail

$278.1K

$243.4K – $324.5K (±1% cap)

NOI $19,470 @ 7.0% cap · market cap 4.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$701.5K

$613.8K – $818.4K (±1% cap)

NOI $49,106 @ 7.0% cap · market cap 10.91%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Bryan Mcsweeny PC Dental Office vinodivino Specialty Food Shop

Suggested Use

Top Pick Auto Repair Shop Building Supply Electrical Service Garden Center Furniture & Home Goods (Bike/Boat/Book/etc) Store

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

Location Intelligence

Trade Area within ½ mile

202

Businesses Nearby

Explore this area Business Placement

Demographics for 02738, MA

5,347

Population

2,468

Households

2.2

Avg Household Size

50

Median Age

45%

College-Educated

97%

High-School Grad

14.1 sq mi

ZIP Area

379

Density / Sq Mi

$120,227

Median Household Income

$58,838

Median Earnings

$1,452

Median Rent

$585,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this retail space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Retail space - An open, rectangular interior offers long display walls and flexible merchandising space.

Where is this retail space located?

The property is located at 154 Front St # 1 Marion, MA.

What is the asking price?

The asking price for this property is $450,000.

What are key features of this property?

This property features: 1,185‑square‑foot commercial condominium; Directly across from the harbor at 154 Front St, #1, Marion; Rectangular layout with long, uninterrupted display walls