Building Details

Year Built 1978

Year Renovated 2021

Stories 1

Listing Agency: Atlantic Capital Partners

Listed By: David Hoppe · License #NC 288268 Show Phone

Source: Crexi

Added: Jul 15 Changed: Oct 5 Last Checked: Oct 15 at 12:06AM

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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 Atlantic Capital Partners

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Investment Insights

Based on property information with market context.

Built in 1978, this freestanding 4,211-square-foot retail property is being delivered 100% vacant. General Business zoning supports flexible repositioning, leasing, or owner occupancy, while the existing storefront format provides a practical foundation for continued retail use.

The property fronts State Road, also identified as Route 6, with exposure to more than 21,300 vehicles per day. It is less than one mile from Interstate 195, which carries approximately 83,400 vehicles daily, and sits immediately adjacent to Dartmouth Mall. The surrounding retail concentration includes Target, Walmart Supercenter, BJ’s Wholesale Club, Home Depot, Lowe’s, Dick’s Sporting Goods, Best Buy, Kohl’s, Macy’s, TJ Maxx, and Barnes & Noble, along with restaurants and service providers.

Dartmouth is approximately 30 miles southeast of Providence and less than 60 miles south of Boston. UMass Dartmouth enrolls approximately 8,500 students, while nearly 120,000 residents live within a five-mile radius.

Key Highlights

• 4,211‑square‑foot freestanding retail building constructed in 1978
• Delivered 100% vacant for leasing, repositioning, or owner occupancy
• General Business zoning

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$86,486

Cap Rate

4.34%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,729,720 $1.7M

Cap Rate 7%

$1,235,514 $1.2M

Cap Rate 9%

$960,956 $961.0K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,211 SF

Gross rent

$126.3K $30.00/SF

− Vacancy

−$2.8K −$0.66/SF

EGI

$123.6K $29.34/SF

− OpEx

−$37.1K −$8.80/SF

NOI

$86.5K $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 Rate 5%

$1,729,720

Cap Rate 7%

$1,235,514

Cap Rate 9%

$960,956

Alternative Uses

Best Use

Retail

$1.24M

$1.08M – $1.44M (±1% cap)

NOI $86,486 @ 7.0% cap · market cap 4.34%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$2.56M

$2.24M – $2.99M (±1% cap)

NOI $179,510 @ 7.0% cap · market cap 9.00%

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

Property Analytics

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Current Use

Sleep Number Furniture & Home Goods

Suggested Use

Top Pick Law Firm Big Box & Wholesale Store Electrical Service Storage Facility Real Estate Agency Garden Center

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

Location Intelligence

Trade Area within ½ mile

764

Businesses Nearby

675k

Monthly Visits Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Apparel 26% Dining 26% Shops & Services 22% Groceries 11%

T.J. Maxx Apparel

63,248 visits/mo 0.4 miles

Burlington Apparel

53,664 visits/mo 0.1 miles

Macy's Apparel

53,550 visits/mo 0.2 miles

BJ's Gas Shops & Services

41,493 visits/mo 0.5 miles

Stop & Shop Groceries

40,663 visits/mo 0.3 miles

Demographics for 02747, MA

22,326

Population

7,339

Households

3

Avg Household Size

40

Median Age

33%

College-Educated

85%

High-School Grad

41.0 sq mi

ZIP Area

545

Density / Sq Mi

$97,665

Median Household Income

$41,015

Median Earnings

$1,384

Median Rent

$460,400

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Similar Off Market Nearby

• Stop & Shop Florist — 25 Faunce Corner Rd, Dartmouth, MA 02747

Frequently Asked Questions

What type of property is this?

Storefront property - Vacant retail building with General Business zoning along State Road in Dartmouth.

Where is this storefront property located?

The property is located at 319 State Road North Dartmouth, MA.

What is the asking price?

The asking price for this property is $1,995,000.

What are key features of this property?

This property features: 4,211‑square‑foot freestanding retail building constructed in 1978; Delivered 100% vacant for leasing, repositioning, or owner occupancy; General Business zoning