Four-Building Mixed-Use
For Sale
$1,299,900
407 - 411 Old Colony Rd, Norton, MA 02766
Commercial property combining retail, office, and garage components across four buildings.
Property Size7,387 SF
Price / SF$175.97
Days on Market311
Property Features for 407 - 411 Old Colony Rd
General Information
Standard status
Active
Size
7,387 SF
Property subtype
Commercial
Zoning
.
Additional Details
Traffic Count
15,000 vehicles/day
Office Units
6
Taxes and HOA fees
Annual Taxes
$8,530
Building Details
Building Size
7,387 SF
Year Built
1955
Buildings
4
Listing Agency:
Four Points Realty
(508) 232-6280
Listed By:
Sherry Palmer
Source:
Churchillprop
Added: Dec 10, 2025
Changed: Oct 6
Last Checked: Oct 16 at 6:32AM
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 Four Points Realty
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Investment Insights
Based on property information with market context.
This mixed-use commercial property at 407–411 Old Colony Rd in Norton, Massachusetts, comprises 7,387 SF across four buildings. The configuration includes six retail/office units and a separate garage equipped with a lift, offering a combination of customer-facing, workspace, and service-oriented components.
Positioned near the Norton/Attleboro line, the property benefits from approximately 15,000 average daily car traffic. Originally built in 1955, the site presents a multi-unit commercial layout with distinct retail and office spaces alongside the garage structure. Buyers should verify permitted uses and other municipal requirements with town hall.
Positioned near the Norton/Attleboro line, the property benefits from approximately 15,000 average daily car traffic. Originally built in 1955, the site presents a multi-unit commercial layout with distinct retail and office spaces alongside the garage structure. Buyers should verify permitted uses and other municipal requirements with town hall.
Key Highlights
- 7,387 SF mixed‑use property across 4 buildings
- 6 retail/office units plus 1 garage with lift
- Approximately 15,000 average daily car traffic
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$87,259
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,745,180
$1.7M
Cap Rate 7%
$1,246,557
$1.2M
Cap Rate 9%
$969,544
$969.5K
Market Conditions
NOI Build-Up for 7,387 SF
Gross rent
$155.1K $21.00/SF
− Vacancy
−$15.5K −$2.10/SF
EGI
$139.6K $18.90/SF
− OpEx
−$52.4K −$7.09/SF
NOI
$87.3K $11.81/SF
Area
Bristol County, MA
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,745,180
Cap Rate 7%
$1,246,557
Cap Rate 9%
$969,544
Alternative Uses
Best Use
Retail
$2.17M
$1.90M – $2.53M
NOI $151,714 @ 7.0% cap · market cap 11.67%
Second Best
Office B
$1.73M
$1.52M – $2.02M
NOI $121,417 @ 7.0% cap · market cap 9.34%
Theoretical Best
Office A
$4.50M
$3.94M – $5.25M
NOI $314,899 @ 7.0% cap · market cap 24.22%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
6
Office units
15,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
120
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercial property combining retail, office, and garage components across four buildings.
Where is this mixed-use property located?
The property is located at 407 - 411 Old Colony Rd Norton, MA.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: 7,387 SF mixed‑use property across 4 buildings; 6 retail/office units plus 1 garage with lift; Approximately 15,000 average daily car traffic
