Updated Mixed-Use Retail
For Sale
$850,000
26-28 Norwood St Everett, Everett, MA 02149
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$347.22
Days on Market145
Property Features for 26-28 Norwood St Everett
General Information
Standard status
Active
Size
2,448 SF
Zoning
BD
Net Operating Income
$242,331
Taxes and HOA fees
Annual Taxes
$9,469
Building Details
Year Built
1930
Listed By:
Amanda Lucido Hodges
(508) 643-8166
Source:
Bournetosellrealestate
Added: Jun 3
Changed: Oct 11
Last Checked: Oct 7 at 8:47AM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$35,185
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,700
$703.7K
Cap Rate 7%
$502,643
$502.6K
Cap Rate 9%
$390,944
$390.9K
Market Conditions
NOI Build-Up for 2,448 SF
Gross rent
$53.8K $21.96/SF
− Vacancy
−$3.5K −$1.43/SF
EGI
$50.3K $20.53/SF
− OpEx
−$15.1K −$6.16/SF
NOI
$35.2K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$703,700
Cap Rate 7%
$502,643
Cap Rate 9%
$390,944
Alternative Uses
Best Use
Retail
$502.6K
$439.8K – $586.4K
NOI $35,185 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,444 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,870
Businesses Nearby
39k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 52%
Dining 48%
Dunkin' Donuts
Dining
14,101 visits/mo
0.3 miles
Family Dollar
Shops & Services
7,640 visits/mo
0.2 miles
7-Eleven
Shops & Services
6,716 visits/mo
0.3 miles
7-Eleven
Shops & Services
5,960 visits/mo
0.4 miles
Dunkin' Donuts
Dining
4,689 visits/mo
0.5 miles
Demographics for 02149, MA
49,075
Population
18,541
Households
2.6
Avg Household Size
35
Median Age
23%
College-Educated
80%
High-School Grad
3.4 sq mi
ZIP Area
14,434
Density / Sq Mi
$79,658
Median Household Income
$40,836
Median Earnings
$1,988
Median Rent
$605,200
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Berkely Flower Supply — 260 2nd St, Chelsea, MA 02150
- Boston Flower Exchange Inc — 260 2nd st, chelsea, ma 02150
- Everett Florist — 379 Broadway, Everett, MA 02149
- Marji's Florist & Gift Shop — 252 main st, everett, ma 02149
- Pretty Flowers — 114 Ferry St, Everett, MA 02149
Frequently Asked Questions
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 $850,000.
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
