Renovated Mixed-Use
For Sale
$2,500,000
40 Central Sq, Bridgewater, MA 02324
Two-story property combines renovated retail space with updated residential rooms in a downtown setting.
Property Size10,458 SF
Price / SF$239.05
Days on Market124
Property Features for 40 Central Sq
General Information
Standard status
Active
Size
10,458 SF
Total Parking Spaces
8
Additional Details
Public Transit
Yes
Sprinkler System
Yes
Taxes and HOA fees
Annual Taxes
$12,500
Amenities
closed circuit camera system
Building Details
Buildings
1
Stories
2
Tenancy
Multi
Listing Agency:
eXp Realty
(617) 733-8280
Listed By:
CASTLES UNLIMITED TEAM
(617) 733-8280
Source:
Exprealty
Added: Apr 30
Changed: Aug 30
Last Checked: Aug 30 at 7:58PM
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 eXp Realty
Investment Insights
Based on property information with market context.
This 10,458-square-foot mixed-use building features five renovated retail spaces on the first floor, offering storefront exposure and access to street parking. The second floor contains 13 residential rooms with recent flooring improvements and updated bathrooms. Building systems include monitored fire suppression and a closed-circuit camera system, while eight private parking spaces are located behind the property.
Positioned at 40 Central Sq in Bridgewater, the property is near Bridgewater State University, public transportation, and highways. Its combination of commercial and residential components provides a substantial existing configuration for continued mixed-use occupancy or future redevelopment, as supported by the current layout.
Positioned at 40 Central Sq in Bridgewater, the property is near Bridgewater State University, public transportation, and highways. Its combination of commercial and residential components provides a substantial existing configuration for continued mixed-use occupancy or future redevelopment, as supported by the current layout.
Key Highlights
- 10,458‑square‑foot mixed‑use building at 40 Central Sq, Bridgewater, MA
- Five renovated first‑floor retail spaces
- Second floor includes 13 residential rooms
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
$171,829
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
6.87%
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%
$3,436,580
$3.4M
Cap Rate 7%
$2,454,700
$2.5M
Cap Rate 9%
$1,909,211
$1.9M
Market Conditions
NOI Build-Up for 10,458 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
$251.0K $24.00/SF
− Vacancy
−$5.5K −$0.53/SF
EGI
$245.5K $23.47/SF
− OpEx
−$73.6K −$7.04/SF
NOI
$171.8K $16.43/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$24.00 /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%
$3,436,580
Cap Rate 7%
$2,454,700
Cap Rate 9%
$1,909,211
Alternative Uses
Best Use
Retail
$2.45M
$2.15M – $2.86M
NOI $171,829 @ 7.0% cap · market cap 6.87%
Second Best
Apartment 5plus
$2.33M
$2.04M – $2.71M
NOI $162,894 @ 7.0% cap · market cap 6.52%
Theoretical Best
Office A
$6.19M
$5.42M – $7.22M
NOI $433,377 @ 7.0% cap · market cap 17.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
573
Businesses Nearby
Explore this area
Business Placement
Demographics for 02324, MA
25,676
Population
9,770
Households
2.6
Avg Household Size
42
Median Age
40%
College-Educated
94%
High-School Grad
27.0 sq mi
ZIP Area
951
Density / Sq Mi
$112,445
Median Household Income
$57,560
Median Earnings
$1,975
Median Rent
$500,600
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?
Mixed-use property - Two-story property combines renovated retail space with updated residential rooms in a downtown setting.
Where is this mixed-use property located?
The property is located at 40 Central Sq Bridgewater, MA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 10,458‑square‑foot mixed‑use building at 40 Central Sq, Bridgewater, MA; Five renovated first‑floor retail spaces; Second floor includes 13 residential rooms
