Former Big Lots Retail
For Sale
$12,500,000
219 S Main St, Attleboro, MA 02703
Over 30,000 sqft retail space with loading docks available for lease.
Property Size30,000 SF
Price / SF$416.67
Days on Market195
Property Features for 219 S Main St
General Information
Standard status
Active
Size
30,000 SF
Listing Agency:
Keller Williams Leading Edge
(401) 334-3334
Listed By:
Spectrum Real Estate Consultants Team
(401) 334-3334
Source:
Exprealty
Added: Jan 26
Changed: Aug 8
Last Checked: Aug 8 at 6:03AM
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 Keller Williams Leading Edge
Investment Insights
Based on property information with market context.
This is a former Big Lots retail space available for lease, totaling over 30,000 square feet. The space includes 2 private, overhead doors with loading docks. The ceiling clear height is 15 feet, with a finished ceiling height of 13 feet. Rooftop HVAC units provide climate control. The shopping center is occupied by Dunkin Donuts, Seabra Foods, Family Dollar, Dialysis Center of Attleboro, other stores, and food establishments. The entire structure is fully sprinklered and provides parking for hundreds of cars. Illuminated pylon signage is available on South Main Street.
Key Highlights
- Large space available: Over 30,000 sqft, suitable for various business needs.
- Convenient loading: Features 2 private overhead doors with loading docks.
- Climate controlled: Rooftop HVAC units provide climate control.
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
$616,140
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
4.93%
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%
$12,322,800
$12.3M
Cap Rate 7%
$8,802,000
$8.8M
Cap Rate 9%
$6,846,000
$6.8M
Market Conditions
NOI Build-Up for 30,000 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
$900.0K $30.00/SF
− Vacancy
−$19.8K −$0.66/SF
EGI
$880.2K $29.34/SF
− OpEx
−$264.1K −$8.80/SF
NOI
$616.1K $20.54/SF
Area
Bristol County, MA
Vacancy
2.20%
Lease Rate
$30.00 /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%
$12,322,800
Cap Rate 7%
$8,802,000
Cap Rate 9%
$6,846,000
Alternative Uses
Best Use
Retail
$8.80M
$7.70M – $10.27M
NOI $616,140 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$18.27M
$15.99M – $21.31M
NOI $1,278,864 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
550
Businesses Nearby
35k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 47%
Dining 36%
Shops & Services 17%
Big Lots
Superstores
16,527 visits/mo
0.2 miles
Dunkin' Donuts
Dining
12,497 visits/mo
0.1 miles
Family Dollar
Shops & Services
6,030 visits/mo
0.1 miles
Demographics for 02703, MA
46,389
Population
19,014
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
26.8 sq mi
ZIP Area
1,731
Density / Sq Mi
$93,352
Median Household Income
$51,637
Median Earnings
$1,446
Median Rent
$409,400
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 - Over 30,000 sqft retail space with loading docks available for lease.
Where is this retail space located?
The property is located at 219 S Main St Attleboro, MA.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Large space available: Over 30,000 sqft, suitable for various business needs.; Convenient loading: Features 2 private overhead doors with loading docks.; Climate controlled: Rooftop HVAC units provide climate control.
