Plymouth Sober House Investment
4 Nook Road, Plymouth, MA 02360
For Sale
$1,566,000
MASH certified sober house with long-term triple net lease.
Property Size3,631 SF
Lot Size0.64 Acres
Price / SF$431.29
Days on Market469
Property Features for 4 Nook Road
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Year Built
Listing Agency:
JMR Commercial RE Services
Listed By:
J. Murray Regan
(617) 851-3458
Source:
Stevebremis
Added: Jul 29, 2025
Changed: Aug 31
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
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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 / Yr
$67,711
Cap Rate
4.32%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
639
Businesses Nearby
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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
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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
