Single-Story Retail or Office
For Sale
$500,000
24 Samoset Street, Plymouth, MA 02360
Single-story finished space with a half-bath, off-street parking, and recent system and exterior upgrades.
Property Size1,756 SF
Lot Size0.08 Acres
Price / SF$284.74
Days on Market351
Property Features for 24 Samoset Street
General Information
Standard status
Active
Size
1,756 SF
Lot size
0.08 Acres
Property subtype
Commercial
Additional Details
Road Access
Yes
Building Details
Year Built
1900
Stories
1
Listing Agency:
Ryan Realty Group LLC
Listed By:
Patrick Ryan · License #9564942
(774) 283-1355
Source:
Stevebremis
Added: Sep 21, 2025
Changed: Sep 5
Last Checked: Sep 5 at 8:34AM
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 Ryan Realty Group LLC
Investment Insights
Based on property information with market context.
This single-story building offers 1,756 SF of finished space and includes a half-bath. Recent upgrades include plumbing, HVAC, electrical, the roof, and wood shingle siding. The property is equipped with forced hot air heating and central air conditioning, with off-street parking available.
Located in Downtown Plymouth at 24 Samoset Street, the property benefits from visibility and high traffic along one of Plymouth’s busiest roads.
The layout supports a variety of retail or service configurations, along with professional office use, depending on the tenant’s needs.
Located in Downtown Plymouth at 24 Samoset Street, the property benefits from visibility and high traffic along one of Plymouth’s busiest roads.
The layout supports a variety of retail or service configurations, along with professional office use, depending on the tenant’s needs.
Key Highlights
- Single‑story retail/service building with 1,756 SF of finished space and a half‑bath
- Located at 24 Samoset Street in Downtown Plymouth with off‑street parking
- Recent upgrades include plumbing, HVAC, electrical, roof, and wood shingle siding
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
$28,852
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
5.77%
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%
$577,040
$577.0K
Cap Rate 7%
$412,171
$412.2K
Cap Rate 9%
$320,578
$320.6K
Market Conditions
NOI Build-Up for 1,756 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
$42.1K $24.00/SF
− Vacancy
−$927 −$0.53/SF
EGI
$41.2K $23.47/SF
− OpEx
−$12.4K −$7.04/SF
NOI
$28.9K $16.43/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$24.00 /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%
$577,040
Cap Rate 7%
$412,171
Cap Rate 9%
$320,578
Alternative Uses
Best Use
Retail
$412.2K
$360.7K – $480.9K
NOI $28,852 @ 7.0% cap · market cap 5.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.04M
$909.6K – $1.21M
NOI $72,768 @ 7.0% cap · market cap 14.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,584
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02360, MA
61,134
Population
28,598
Households
2.1
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
96.4 sq mi
ZIP Area
634
Density / Sq Mi
$111,975
Median Household Income
$55,595
Median Earnings
$1,831
Median Rent
$494,700
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Storefront property - Single-story finished space with a half-bath, off-street parking, and recent system and exterior upgrades.
Where is this storefront property located?
The property is located at 24 Samoset Street Plymouth, MA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Single‑story retail/service building with 1,756 SF of finished space and a half‑bath; Located at 24 Samoset Street in Downtown Plymouth with off‑street parking; Recent upgrades include plumbing, HVAC, electrical, roof, and wood shingle siding
