Updated Mixed-Use Retail
26-28 Norwood St Everett Everett, MA 02149
For Sale
$879,900
Two street-level storefronts in a fully updated mixed-use building with recent flooring, paint, HVAC, and plumbing improvements.
Property Size2,448 SF
Price / SF$359.44
Days on Market51
Property Features for 26-28 Norwood St Everett
General Information
- Standard status
- Active
- Size
- 2,448 SF
Building Details
- Year Built
- 1930
Listing Agency:
(508) 643-8166
Listed By:
Amanda Lucido Hodges
(508) 643-8166
Source:
Bournetosellrealestate
Added: Jun 3
Changed: Jul 23
Last Checked: Jul 23 at 5:05PM
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 Amanda Lucido Hodges
Investment Insights
Based on property information with market context.
26–28 Norwood St is a fully updated mixed-use commercial property featuring two street-level retail storefronts. The building has been improved with updated storefront finishes, new flooring, fresh paint, and upgrades to HVAC and plumbing, creating modern, functional spaces suited for occupancy or investment.
The property benefits from street-level visibility and convenient street parking. The address is described as being on a high-traffic corridor near major routes, public transportation, restaurants, and ongoing development in Everett.
With approximately 2,448 square feet, this well-maintained building offers a straightforward storefront configuration across two units and the possibility for expansion, as noted in the remarks.
The property benefits from street-level visibility and convenient street parking. The address is described as being on a high-traffic corridor near major routes, public transportation, restaurants, and ongoing development in Everett.
With approximately 2,448 square feet, this well-maintained building offers a straightforward storefront configuration across two units and the possibility for expansion, as noted in the remarks.
Key Highlights
- Two street‑level commercial storefronts in a mixed‑use building
- Approximately 2,448 sq ft building with updated, modern‑ready spaces
- Recent improvements include updated storefronts, new flooring, and fresh paint
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $53.8k | $21.96 |
| − Vacancy | −$3.5k | −$1.43 |
| EGI | $50.3k | $20.53 |
| − OpEx | −$15.1k | −$6.16 |
| NOI | $35.2k | $14.37 |
2,448 SF · lease $21.96/SF/yr · vacancy 6.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$502.6K
$439.8K – $586.4K
NOI $35,185 @ 7.0% cap · market cap 4.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,444 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
Similar Off Market Nearby
- Everett Florist — 379 Broadway, Everett, MA 02149
- Marji's Florist & Gift Shop — 252 main st, everett, ma 02149
- Berkely Flower Supply — 260 2nd St, Chelsea, MA 02150
- Boston Flower Exchange Inc — 260 2nd st, chelsea, ma 02150
- Pretty Flowers — 114 Ferry St, Everett, MA 02149
FAQs
What type of property is this?
Storefront property - Two street-level storefronts in a fully updated mixed-use building with recent flooring, paint, HVAC, and plumbing improvements.
Where is this storefront property located?
The property is located at 26-28 Norwood St Everett Everett, MA.
What is the asking price?
The asking price for this property is $879,900.
What are key features of this property?
This property features: Two street‑level commercial storefronts in a mixed‑use building; Approximately 2,448 sq ft building with updated, modern‑ready spaces; Recent improvements include updated storefronts, new flooring, and fresh paint
