Mixed-Use Property with Residential
For Sale
$900,000
38 Adams Street, Taunton, MA 02780
Combines ground-floor dining and retail uses with occupied residential space above.
Property Size5,181 SF
Price / SF$173.71
Days on Market99
Property Features for 38 Adams Street
General Information
Standard status
Active
Size
5,181 SF
Total Parking Spaces
8
Property subtype
Multi-Family
Zoning
Mixed Use
Net Operating Income
$42,360
Units
Unit Mix
4 x 2BR
Multifamily Units
4
Building Details
Building Size
5,181 SF
Year Built
1900
Stories
7
Tenancy
Multi
Listing Agency:
The Collaborative Companies
(978) 578-5013
Listed By:
Chris Bernier · License #9585673
(978) 578-5013
Source:
Churchillprop
Added: May 24
Changed: Aug 29
Last Checked: Jul 6 at 4:50PM
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 The Collaborative Companies
Investment Insights
Based on property information with market context.
This mixed-use property contains 5,892 square feet across a ground-floor diner and variety store, with four residential units on the upper levels. The commercial space includes lottery sales and an ATM, while the residential component provides two-bedroom layouts with established occupants.
Private off-street parking is located behind the building for use by residents and commercial customers. Built in 1900, the property is positioned near historic Taunton Green in Taunton, Massachusetts, combining neighborhood-oriented commercial activity with residential occupancy in one building.
Private off-street parking is located behind the building for use by residents and commercial customers. Built in 1900, the property is positioned near historic Taunton Green in Taunton, Massachusetts, combining neighborhood-oriented commercial activity with residential occupancy in one building.
Key Highlights
- 5,892‑square‑foot mixed‑use property in Taunton, MA
- Ground‑floor diner and variety store with lottery sales and an ATM
- Four upper‑level residential units, each with two bedrooms
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
$68,405
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
7.60%
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%
$1,368,100
$1.4M
Cap Rate 7%
$977,214
$977.2K
Cap Rate 9%
$760,056
$760.1K
Market Conditions
NOI Build-Up for 5,181 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
$93.3K $18.00/SF
− Vacancy
−$2.1K −$0.40/SF
EGI
$91.2K $17.60/SF
− OpEx
−$22.8K −$4.40/SF
NOI
$68.4K $13.20/SF
Area
Bristol County, MA
Vacancy
2.20%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$1,368,100
Cap Rate 7%
$977,214
Cap Rate 9%
$760,056
Alternative Uses
Best Use
Retail
$1.52M
$1.33M – $1.77M
NOI $106,407 @ 7.0% cap · market cap 11.82%
Second Best
Multifamily LT 5
$1.32M
$1.16M – $1.54M
NOI $92,590 @ 7.0% cap · market cap 10.29%
Theoretical Best
Office A
$3.16M
$2.76M – $3.68M
NOI $220,860 @ 7.0% cap · market cap 24.54%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,402
Businesses Nearby
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Combines ground-floor dining and retail uses with occupied residential space above.
Where is this mixed-use property located?
The property is located at 38 Adams Street Taunton, MA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: 5,892‑square‑foot mixed‑use property in Taunton, MA; Ground‑floor diner and variety store with lottery sales and an ATM; Four upper‑level residential units, each with two bedrooms
