170 Pulaski Blvd # 1, Bellingham, MA 02019

Building Details

Building Size 1,100 SF More

Year Built 1980 More

Listing Agency: Boucher Real Estate, Inc. Show Phone

Listed By: Gregory Smith · License #RES.0042933 Show Phone

Source: Churchillprop

Added: Sep 16 Changed: Oct 31 Last Checked: Nov 6 at 6:27AM

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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 Boucher Real Estate, Inc.

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Investment Insights

Based on property information with market context.

This conventional restaurant property at 170 Pulaski Blvd includes 1,100 in property size and was built in 1980. The asset is zoned Business and offers on-site parking for customers and employees.

Major highway access supports convenient arrival, while nearby shopping centers, restaurants, and recreational facilities add surrounding commercial activity. The property is also identified for potential retail, office, and service-oriented uses.

Key Highlights

• 1,100 property size
• Built in 1980
• Business zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,720

Suggested Prices Based on Cap Rates

Cap Rate 5%

$374,400 $374.4K

Cap Rate 7%

$267,429 $267.4K

Cap Rate 9%

$208,000 $208.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,100 SF

Gross rent

$27.5K $24.96/SF

− Vacancy

−$714 −$0.65/SF

EGI

$26.7K $24.31/SF

− OpEx

−$8.0K −$7.29/SF

NOI

$18.7K $17.02/SF

Area

Norfolk County, MA

Vacancy

2.60%

Lease Rate

$24.96 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$374,400

Cap Rate 7%

$267,429

Cap Rate 9%

$208,000

Alternative Uses

Best Use

Specialty Retail

$289.3K

$253.1K – $337.5K (±1% cap)

NOI $20,249 @ 7.0% cap · market cap 1,557.62%

Second Best

Retail

$267.4K

$234.0K – $312.0K (±1% cap)

NOI $18,720 @ 7.0% cap · market cap 1,440.00%

Theoretical Best

Office A

$651.2K

$569.8K – $759.7K (±1% cap)

NOI $45,584 @ 7.0% cap · market cap 3,506.46%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Subway Take-out & Catering The Accessory Bar (Bike/Boat/Book/etc) Store J R's Driving ... Training Center

Suggested Use

Top Pick Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon

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

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

381

Businesses Nearby

100k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 47% Groceries 37% Dining 12% Home Improvements & Furnishings 4%

Stop & Shop Groceries

36,692 visits/mo 0.3 miles

Cumberland Farms Shops & Services

12,305 visits/mo 0.2 miles

Dollar Tree Shops & Services

10,575 visits/mo 0.3 miles

Family Dollar Shops & Services

8,161 visits/mo 0.4 miles

Dunkin' Donuts Dining

6,700 visits/mo 0.3 miles

Demographics for 02019, MA

16,945

Population

6,555

Households

2.6

Avg Household Size

43

Median Age

40%

College-Educated

95%

High-School Grad

18.3 sq mi

ZIP Area

926

Density / Sq Mi

$120,966

Median Household Income

$61,453

Median Earnings

$1,788

Median Rent

$425,900

Median Home Value

Market

Properties on Market for Conventional restaurants in Norfolk County

Jul

Aug

Sep

Oct

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

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Frequently Asked Questions

What type of property is this?

Conventional restaurant - Business-zoned commercial space with on-site parking and access from major highways.

Where is this conventional restaurant located?

The property is located at 170 Pulaski Blvd # 1 Bellingham, MA.

What are key features of this property?

This property features: 1,100 property size; Built in 1980; Business zoning