Plymouth Sober House Investment
For Sale
$1,566,000
4 Nook Road, Plymouth, MA 02360
MASH certified sober house with long-term triple net lease.
Property Size3,631 SF
Lot Size0.64 Acres
Price / SF$431.29
Days on Market379
Property Features for 4 Nook Road
General Information
Standard status
Active
Size
3,631 SF
Lot size
0.64 Acres
Property subtype
Commercial
Building Details
Year Built
1975
Listing Agency:
JMR Commercial RE Services
(617) 851-3458
Listed By:
J. Murray Regan
Source:
Stevebremis
Added: Jul 29, 2025
Changed: Aug 8
Last Checked: Aug 10 at 8:24AM
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 JMR Commercial RE Services
Investment Insights
Based on property information with market context.
Located at 4 Nook Rd in Plymouth, this property offers an investment opportunity. Constructed in 1975 and renovated in 2023-2024, the residence provides 3,631 square feet of living area on a 27,841 square foot lot. The property is a MASH Certified sober house with 24 beds. It is leased on a pure triple net basis for a term of 20 years, commencing in April 2023, with annual rent increases of 2.5%. The current rent is $140,991, providing a 9.00% yield. This property is suitable for a 1031 exchange buyer. The property may also be purchased with 230 Summer St.
Key Highlights
- MASH Certified sober house with 24 beds
- Long‑term, pure triple net lease in place for 20 years (commenced April 2023), providing stable income
- Attractive 9.00% yield on current rent of $140,991, offering a strong return on investment
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
$67,711
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
4.32%
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%
$1,354,220
$1.4M
Cap Rate 7%
$967,300
$967.3K
Cap Rate 9%
$752,344
$752.3K
Market Conditions
NOI Build-Up for 3,631 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
$122.0K $33.60/SF
− Vacancy
−$9.2K −$2.52/SF
EGI
$112.9K $31.08/SF
− OpEx
−$45.1K −$12.43/SF
NOI
$67.7K $18.65/SF
Area
Plymouth County, MA
Vacancy
7.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
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%
$1,354,220
Cap Rate 7%
$967,300
Cap Rate 9%
$752,344
Alternative Uses
Best Use
Healthcare Medical
$967.3K
$846.4K – $1.13M
NOI $67,711 @ 7.0% cap · market cap 4.32%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.15M
$1.88M – $2.51M
NOI $150,468 @ 7.0% cap · market cap 9.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
Explore this area
Business Placement
Demographics for 02360, MA
61,134
Population
28,598
Households
2.1
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
96.4 sq mi
ZIP Area
634
Density / Sq Mi
$111,975
Median Household Income
$55,595
Median Earnings
$1,831
Median Rent
$494,700
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Rehabilitation center - MASH certified sober house with long-term triple net lease.
Where is this rehabilitation center located?
The property is located at 4 Nook Road Plymouth, MA.
What is the asking price?
The asking price for this property is $1,566,000.
What are key features of this property?
This property features: MASH Certified sober house with 24 beds; Long‑term, pure triple net lease in place for 20 years (commenced April 2023), providing stable income; Attractive 9.00% yield on current rent of $140,991, offering a strong return on investment
