Retail Building with Event
4 Olympia St, Norton, MA 02766
For Sale
Contact for pricing
Well-maintained retail building with bakery and event space.
Property Size4,816 SF
Price / SF$285.51
Days on Market275
Property Features for 4 Olympia St
General Information
Standard status
Size
Property subtype
Zoning
Investment Type
Building Details
Year Built
Buildings
Stories
Units
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
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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 / Yr
$98,911
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
164
Businesses Nearby
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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
$476,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Bristol County, MA
Properties on Market for Retail space in Bristol County
Vacancy Rate% for Retail in Northeast region
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.
