Building Details

Building Size 4,171 SF

Year Built 1935

Stories 2

Tenancy Multi

Listing Agency: Conway - Hingham Show Phone

Listed By: Stanley Blackmur Show Phone

Source: Churchillprop

Added: Jul 12 Changed: Oct 6 Last Checked: Oct 24 at 2:02PM

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Investment Insights

Based on property information with market context.

This mixed-use property combines ground-floor commercial space with multiple residential units. The first floor offers 11 rooms and 2 baths, along with a 1-car garage and a full basement. The second floor includes a 2-bedroom apartment with a kitchen, full bath, screened porch, deck, and two large 21-by-26 rooms. There is also a basement apartment currently occupied by a tenant who intends to remain, with 3 rooms including a 1BR, kitchen, and full bath. The property currently has four bathrooms, and the septic system is designed for five.

The commercial space was most recently used as a general dental practice. Several rooms on the first floor are already set up with plumbing, electrical, and internet network wiring intended to support medical or specialty dental equipment, including exam rooms. The first-floor layout can be readily divided to create an additional residential apartment if desired.

Overall, the building presents a flexible configuration for owner-users and investors seeking both medical-ready commercial space and residential rental income.

Key Highlights

• Year built 1935 mixed‑use building with first‑floor commercial, second‑floor apartment, and a leased basement unit
• First‑floor commercial space has 11 rooms and 2 baths plus a 1‑car garage and full basement
• First‑floor space is medical‑ready, with exam rooms already having plumbing, electrical, and internet network wiring

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$68,557

Cap Rate

5.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,371,140 $1.4M

Cap Rate 7%

$979,386 $979.4K

Cap Rate 9%

$761,744 $761.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,171 SF

Gross rent

$114.1K $27.36/SF

− Vacancy

−$22.7K −$5.44/SF

EGI

$91.4K $21.92/SF

− OpEx

−$22.9K −$5.48/SF

NOI

$68.6K $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 Rate 5%

$1,371,140

Cap Rate 7%

$979,386

Cap Rate 9%

$761,744

Alternative Uses

Best Use

Healthcare Medical

$1.73M

$1.51M – $2.02M (±1% cap)

NOI $121,071 @ 7.0% cap · market cap 10.09%

Second Best

Office B

$979.4K

$857.0K – $1.14M (±1% cap)

NOI $68,557 @ 7.0% cap · market cap 5.71%

Theoretical Best

Office A

$2.54M

$2.22M – $2.96M (±1% cap)

NOI $177,805 @ 7.0% cap · market cap 14.82%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Norton Family Dentistry Dental Office Dr. Eyad Salloum, ... Dental Office Small Maryanne Dental Office Tran Quan a DDS Dental Office Paull Bethaney Dental Office

Suggested Use

Top Pick Real Estate Agency Plumbing Service (Bike/Boat/Book/etc) Store Bakery Big Box & Wholesale Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2

Residential units

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

90

Businesses Nearby

Explore this area Business Placement

Demographics for 02766, MA

19,202

Population

6,725

Households

2.9

Avg Household Size

41

Median Age

46%

College-Educated

94%

High-School Grad

27.8 sq mi

ZIP Area

691

Density / Sq Mi

$127,404

Median Household Income

$60,134

Median Earnings

$1,986

Median Rent

$476,900

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - First-floor medical-ready commercial space with exam-room wiring and plumbing, plus two residential apartments and a leased basement unit.

Where is this mixed-use property located?

The property is located at 275 West Main St Norton, MA.

What is the asking price?

The asking price for this property is $1,200,000.

What are key features of this property?

This property features: Year built 1935 mixed‑use building with first‑floor commercial, second‑floor apartment, and a leased basement unit; First‑floor commercial space has 11 rooms and 2 baths plus a 1‑car garage and full basement; First‑floor space is medical‑ready, with exam rooms already having plumbing, electrical, and internet network wiring