Leased Retail Condo with
For Sale
$299,900
1794 Bridge St 13a, Dracut, MA 01826
Neighborhood retail condominium with an operating bakery, additional storage, and visibility within a strip mall setting.
Property Size1,300 SF
Price / SF$230.69
Days on Market18
Property Features for 1794 Bridge St 13a
General Information
Standard status
Active
Size
1,300 SF
Occupancy
100%
Amenities
two restrooms
full basement
Building Details
Year Built
1985
Tenancy
Single
Listing Agency:
LAER Realty Partners
(978) 551-5644
Listed By:
Daniel O'Connell Jr
Source:
Lyvrealty
Added: Aug 12
Changed: Aug 28
Last Checked: Aug 25 at 5:06AM
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 LAER Realty Partners
Investment Insights
Based on property information with market context.
This retail condominium at 1794 Bridge St 13a is currently leased and operating as an established bakery. The approximately 1,300+ sq. ft. unit includes an efficient interior layout, two restrooms, and a full basement that adds substantial storage area. The property was built in 1985.
Positioned within a Dracut neighborhood retail plaza, the unit benefits from visibility in an established strip mall environment. The existing lease will be assumed by the new owner, and the space may support retail, food service, or professional use subject to local approvals.
Positioned within a Dracut neighborhood retail plaza, the unit benefits from visibility in an established strip mall environment. The existing lease will be assumed by the new owner, and the space may support retail, food service, or professional use subject to local approvals.
Key Highlights
- Approximately 1,300+ sq. ft. retail condominium unit
- Currently leased and operating as an established bakery
- Full basement provides additional storage space
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
$18,685
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
6.23%
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%
$373,700
$373.7K
Cap Rate 7%
$266,929
$266.9K
Cap Rate 9%
$207,611
$207.6K
Market Conditions
NOI Build-Up for 1,300 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
$28.5K $21.96/SF
− Vacancy
−$1.9K −$1.43/SF
EGI
$26.7K $20.53/SF
− OpEx
−$8.0K −$6.16/SF
NOI
$18.7K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
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%
$373,700
Cap Rate 7%
$266,929
Cap Rate 9%
$207,611
Alternative Uses
Best Use
Retail
$266.9K
$233.6K – $311.4K
NOI $18,685 @ 7.0% cap · market cap 6.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$769.6K
$673.4K – $897.9K
NOI $53,872 @ 7.0% cap · market cap 17.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
205
Businesses Nearby
10k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Dunkin' Donuts
Dining
9,858 visits/mo
0.1 miles
Demographics for 01826, MA
32,689
Population
12,480
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,572
Density / Sq Mi
$111,451
Median Household Income
$58,361
Median Earnings
$1,740
Median Rent
$466,200
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?
Retail space - Neighborhood retail condominium with an operating bakery, additional storage, and visibility within a strip mall setting.
Where is this retail space located?
The property is located at 1794 Bridge St 13a Dracut, MA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: Approximately 1,300+ sq. ft. retail condominium unit; Currently leased and operating as an established bakery; Full basement provides additional storage space
