Restaurant Space with Retail
2 NORFOLK RD, Holbrook, MA 02343
For Sale
Contact for pricing
Pending
Commercial premises configured for both restaurant and retail use in a downtown setting.
Property Size2,450 SF
Days on Market107
Property Features for 2 NORFOLK RD
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Investment Type
Building Details
Year Built
Stories
Units
Listing Agency:
Property Navigator
Listed By:
Maurice Fraone · License MA 9509433-RE-B
Source:
Crexi
Added: Jul 29
Changed: Nov 6
Last Checked: Nov 12 at 6:50AM
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 Property Navigator
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,450-square-foot commercial property is configured for restaurant and retail use. The building was constructed in 2000 and is identified as a conventional restaurant asset. Located at 2 Norfolk Rd in Holbrook, Massachusetts, the property is described as being along a major artery in the downtown area, with visibility from that corridor.
Key Highlights
- 2,450‑square‑foot restaurant and retail space
- Constructed in 2000
- Located along a major downtown artery
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$45,101
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,020
$902.0K
Cap Rate 7%
$644,300
$644.3K
Cap Rate 9%
$501,122
$501.1K
Market Conditions
NOI Build-Up for 2,450 SF
Gross rent
$61.7K $25.20/SF
− Vacancy
−$1.6K −$0.66/SF
EGI
$60.1K $24.54/SF
− OpEx
−$15.0K −$6.14/SF
NOI
$45.1K $18.41/SF
Area
Norfolk County, MA
Vacancy
2.60%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$902,020
Cap Rate 7%
$644,300
Cap Rate 9%
$501,122
Alternative Uses
Best Use
Specialty Retail
$644.3K
$563.8K – $751.7K
NOI $45,101 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$595.6K
$521.2K – $694.9K
NOI $41,693 @ 7.0% cap · market cap 5.56%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,527 @ 7.0% cap · market cap 13.54%
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
Location Intelligence
Trade Area within ½ mile
366
Businesses Nearby
16k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
Dunkin' Donuts
Dining
10,268 visits/mo
0.1 miles
Dunkin' Donuts
Dining
5,991 visits/mo
0.1 miles
Demographics for 02343, MA
11,364
Population
4,268
Households
2.7
Avg Household Size
42
Median Age
37%
College-Educated
94%
High-School Grad
7.0 sq mi
ZIP Area
1,623
Density / Sq Mi
$107,198
Median Household Income
$56,269
Median Earnings
$1,522
Median Rent
$435,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Properties on Market for Conventional restaurants in Norfolk County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial premises configured for both restaurant and retail use in a downtown setting.
Where is this conventional restaurant located?
The property is located at 2 NORFOLK RD Holbrook, MA.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 2,450‑square‑foot restaurant and retail space; Constructed in 2000; Located along a major downtown artery
