Mixed-Use Building with
For Sale
$900,000
Pending
38 Adams Street Taunton, Taunton, MA 02780
Well-maintained mixed-use property combines a first-floor diner and variety store with four two-bedroom residential units.
Property Size5,892 SF
Days on Market81
Property Features for 38 Adams Street Taunton
General Information
Standard status
Pending
Size
5,892 SF
Zoning
Mixed Use
Additional Details
Business Included
Yes
Multifamily Units
4
Building Details
Building Size
5,892 SF
Year Built
1900
Listing Agency:
Venture
(508) 501-1443
Listed By:
Derek DaRosa · License #9585673
(508) 501-1443
Source:
Milestonerealtyinc
Added: Jun 3
Changed: Aug 14
Last Checked: Aug 13 at 3:08AM
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 Venture
Investment Insights
Based on property information with market context.
This mixed-use building is configured with a diner and variety store on the first floor, along with lottery sales and an ATM. The upper levels include four well-kept residential units, each with two bedrooms. Private off-street parking is available in the rear for residents and customers.
The property is located just minutes from historic Taunton Green. It is maintained to a turnkey standard, supporting an owner-operator or investor looking for a ready-to-manage setup in a walkable, established area.
For tenants and buyers, the layout offers an operational food and retail component paired with four long-term residential units. That combination can help diversify income streams within a single asset. With on-site parking and a commercial tenant-facing use on the ground level, the building is designed to serve both daily customer activity and residential needs.
The property is located just minutes from historic Taunton Green. It is maintained to a turnkey standard, supporting an owner-operator or investor looking for a ready-to-manage setup in a walkable, established area.
For tenants and buyers, the layout offers an operational food and retail component paired with four long-term residential units. That combination can help diversify income streams within a single asset. With on-site parking and a commercial tenant-facing use on the ground level, the building is designed to serve both daily customer activity and residential needs.
Key Highlights
- Mixed‑use building with a first‑floor diner and variety store plus four residential units
- Four well‑kept 2‑bedroom residential units with long‑term tenants in place
- First‑floor retail includes variety store with lottery sales and an ATM
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
$77,792
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
8.64%
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%
$1,555,840
$1.6M
Cap Rate 7%
$1,111,314
$1.1M
Cap Rate 9%
$864,356
$864.4K
Market Conditions
NOI Build-Up for 5,892 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
$106.1K $18.00/SF
− Vacancy
−$2.3K −$0.40/SF
EGI
$103.7K $17.60/SF
− OpEx
−$25.9K −$4.40/SF
NOI
$77.8K $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%
$1,555,840
Cap Rate 7%
$1,111,314
Cap Rate 9%
$864,356
Alternative Uses
Best Use
Retail
$1.73M
$1.51M – $2.02M
NOI $121,010 @ 7.0% cap · market cap 13.45%
Second Best
Multifamily LT 5
$1.50M
$1.32M – $1.75M
NOI $105,296 @ 7.0% cap · market cap 11.70%
Theoretical Best
Office A
$3.59M
$3.14M – $4.19M
NOI $251,169 @ 7.0% cap · market cap 27.91%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
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 - Well-maintained mixed-use property combines a first-floor diner and variety store with four two-bedroom residential units.
Where is this mixed-use property located?
The property is located at 38 Adams Street Taunton 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: Mixed‑use building with a first‑floor diner and variety store plus four residential units; Four well‑kept 2‑bedroom residential units with long‑term tenants in place; First‑floor retail includes variety store with lottery sales and an ATM
