Retail Building with Event
For Sale
Contact for pricing
4 Olympia St, Norton, MA 02766
Well-maintained retail building with bakery and event space.
Property Size4,816 SF
Price / SF$285.51
Days on Market183
Property Features for 4 Olympia St
General Information
Standard status
Active
Size
4,816 SF
Property subtype
Retail
Zoning
Village commercial
Investment Type
Owner/User
Building Details
Year Built
2021
Buildings
1
Stories
2
Units
1
Listing Agency:
Keller Williams Realty
Listed By:
Susan Lee · License #MA 9513506
Source:
Crexi
Added: Feb 11
Changed: Aug 8
Last Checked: Aug 8 at 2:49PM
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 Keller Williams Realty
Investment Insights
Based on property information with market context.
This is a highly-visible and well-maintained 4800 SF commercial retail building constructed in 2021. Currently operating as a successful bakery and event space, it presents an excellent opportunity for an owner-user or investor. The property features an open and functional layout suitable for a variety of retail, food service, or specialty business uses. The interior is bright and filled with natural light, featuring soaring ceilings, transom windows, and tasteful architectural details. Additional spaces include a second-floor office, break room, storage areas, attic space, and a full basement for additional storage and expansion. On-site parking is available for approximately 25 vehicles. The interior space is well-suited for continued bakery or restaurant use, a cafe concept, catering, or an event-based business. The space could also accommodate medical or dental practices, a salon, childcare facilities, or religious organizations.
Key Highlights
- High‑visibility, well‑maintained 4800 SF commercial building.
- Built in 2021, offering modern construction and amenities.
- Versatile open layout suitable for various retail, food service, or specialty businesses.
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
$98,911
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
7.19%
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%
$1,978,220
$2.0M
Cap Rate 7%
$1,413,014
$1.4M
Cap Rate 9%
$1,099,011
$1.1M
Market Conditions
NOI Build-Up for 4,816 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
$144.5K $30.00/SF
− Vacancy
−$3.2K −$0.66/SF
EGI
$141.3K $29.34/SF
− OpEx
−$42.4K −$8.80/SF
NOI
$98.9K $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 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%
$1,978,220
Cap Rate 7%
$1,413,014
Cap Rate 9%
$1,099,011
Alternative Uses
Best Use
Retail
$1.41M
$1.24M – $1.65M
NOI $98,911 @ 7.0% cap · market cap 7.19%
Second Best
Specialty Retail
$908.4K
$794.8K – $1.06M
NOI $63,586 @ 7.0% cap · market cap 4.62%
Theoretical Best
Office A
$2.93M
$2.57M – $3.42M
NOI $205,300 @ 7.0% cap · market cap 14.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
Explore this area
Business Placement
Demographics for 02766, MA
19,202
Population
6,725
Households
2.9
Avg Household Size
41
Median Age
46%
College-Educated
94%
High-School Grad
27.8 sq mi
ZIP Area
691
Density / Sq Mi
$127,404
Median Household Income
$60,134
Median Earnings
$1,986
Median Rent
$476,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Well-maintained retail building with bakery and event space.
Where is this retail space located?
The property is located at 4 Olympia St Norton, MA.
What is the asking price?
The asking price for this property is $1,375,000.
What are key features of this property?
This property features: High‑visibility, well‑maintained 4800 SF commercial building.; Built in 2021, offering modern construction and amenities.; Versatile open layout suitable for various retail, food service, or specialty businesses.
