Corner-Lot Mixed-Use
New
For Sale
$449,900
202 N Quarry St, Dartmouth, MA 02747
Four-bedroom layout with an equipped kitchen and first-floor living spaces.
Property Size1,940 SF
Days on Market4
Property Features for 202 N Quarry St
General Information
Standard status
Active
Size
1,940 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Building Size
1,940 SF
Year Built
1940
Buildings
1
Listing Agency:
Pelletier Realty, Inc.
(508) 995-2676
Listed By:
Becky Demelo
(508) 726-4461
Source:
Iverty
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 4 at 5:30AM
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 Pelletier Realty, Inc.
Investment Insights
Based on property information with market context.
This mixed-use property is configured as a four-bedroom, two-bath residence with identified potential for residential and/or commercial use. The first floor contains a kitchen, dining area, living room, and den, with new flooring installed throughout those areas. The fully applianced kitchen also includes a washer and dryer, supporting a practical live-work arrangement.
Located at 202 N Quarry St in Dartmouth, the property occupies a corner lot spanning just over an acre. The surrounding area provides access to highways, UMass Dartmouth, and shopping. Built in 1940, the property combines established residential construction with a flexible use profile for an owner-occupant or work-from-home setup.
Located at 202 N Quarry St in Dartmouth, the property occupies a corner lot spanning just over an acre. The surrounding area provides access to highways, UMass Dartmouth, and shopping. Built in 1940, the property combines established residential construction with a flexible use profile for an owner-occupant or work-from-home setup.
Key Highlights
- Residential and/or commercial use is identified
- Four bedrooms and two bathrooms
- First floor includes a kitchen, dining area, living room, and den
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
$31,887
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
7.09%
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%
$637,740
$637.7K
Cap Rate 7%
$455,529
$455.5K
Cap Rate 9%
$354,300
$354.3K
Market Conditions
NOI Build-Up for 1,940 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
$53.1K $27.36/SF
− Vacancy
−$10.6K −$5.44/SF
EGI
$42.5K $21.92/SF
− OpEx
−$10.6K −$5.48/SF
NOI
$31.9K $16.44/SF
Area
Bristol County, MA
Vacancy
19.90%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
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%
$637,740
Cap Rate 7%
$455,529
Cap Rate 9%
$354,300
Alternative Uses
Best Use
Office B
$455.5K
$398.6K – $531.5K
NOI $31,887 @ 7.0% cap · market cap 7.09%
Second Best
Mixed Use
$327.4K
$286.5K – $381.9K
NOI $22,916 @ 7.0% cap · market cap 5.09%
Theoretical Best
Office A
$1.18M
$1.03M – $1.38M
NOI $82,700 @ 7.0% cap · market cap 18.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 02747, MA
22,326
Population
7,339
Households
3
Avg Household Size
40
Median Age
33%
College-Educated
85%
High-School Grad
41.0 sq mi
ZIP Area
545
Density / Sq Mi
$97,665
Median Household Income
$41,015
Median Earnings
$1,384
Median Rent
$460,400
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Four-bedroom layout with an equipped kitchen and first-floor living spaces.
Where is this mixed-use property located?
The property is located at 202 N Quarry St Dartmouth, MA.
What is the asking price?
The asking price for this property is $449,900.
What are key features of this property?
This property features: Residential and/or commercial use is identified; Four bedrooms and two bathrooms; First floor includes a kitchen, dining area, living room, and den
