Two-Story Restaurant with Commercial
For Sale
$875,000
43 Careswell St, Marshfield, MA 02050
Two-story restaurant property includes a spacious commercial kitchen, dining areas, and about 15 on-site parking spaces.
Property Size2,352 SF
Days on Market88
Property Features for 43 Careswell St
General Information
Standard status
Active
Size
2,352 SF
Total Parking Spaces
15
Property subtype
Commercial
Additional Details
Business Included
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$4,893
Building Details
Building Size
2,352 SF
Year Built
1968
Stories
2
Listing Agency:
V & E Realty
Listed By:
Derek Wong · License #455500324
(617) 290-8289
Source:
Classifiedrealtygroup
Added: Jun 10
Changed: Sep 4
Last Checked: Sep 5 at 4:46AM
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 V & E Realty
Investment Insights
Based on property information with market context.
This package sale includes a well-established Asian restaurant business together with the real estate. The first floor features a cashier counter, a small sushi bar, the main dining area, two bathrooms, and a spacious commercial kitchen. The second floor provides additional storage space along with a couple of bedrooms, offering flexibility for a variety of uses.
The property is situated on a highly visible roadway between Green Harbor and Brant Rock/Ocean Bluff, with convenient access and approximately 15 on-site parking spaces. The location benefits from tourist traffic and nearby residential neighborhoods.
The opportunity may also include the ability for a future owner to pursue a Beer & Wine and/or Full Liquor License, subject to applicable approvals.
The property is situated on a highly visible roadway between Green Harbor and Brant Rock/Ocean Bluff, with convenient access and approximately 15 on-site parking spaces. The location benefits from tourist traffic and nearby residential neighborhoods.
The opportunity may also include the ability for a future owner to pursue a Beer & Wine and/or Full Liquor License, subject to applicable approvals.
Key Highlights
- Two‑story Asian restaurant property built in 1968, offered with the business as a package
- First floor includes cashier counter, small sushi bar, main dining area, two bathrooms, and a spacious commercial kitchen
- Second floor includes additional storage and a couple of bedrooms for flexible use
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
$43,475
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
4.97%
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%
$869,500
$869.5K
Cap Rate 7%
$621,071
$621.1K
Cap Rate 9%
$483,056
$483.1K
Market Conditions
NOI Build-Up for 2,352 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
$59.3K $25.20/SF
− Vacancy
−$1.3K −$0.55/SF
EGI
$58.0K $24.65/SF
− OpEx
−$14.5K −$6.16/SF
NOI
$43.5K $18.48/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
25.00%
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%
$869,500
Cap Rate 7%
$621,071
Cap Rate 9%
$483,056
Alternative Uses
Best Use
Specialty Retail
$621.1K
$543.4K – $724.6K
NOI $43,475 @ 7.0% cap · market cap 4.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.39M
$1.22M – $1.62M
NOI $97,466 @ 7.0% cap · market cap 11.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02050, MA
25,956
Population
11,697
Households
2.2
Avg Household Size
48
Median Age
53%
College-Educated
97%
High-School Grad
28.8 sq mi
ZIP Area
901
Density / Sq Mi
$125,436
Median Household Income
$63,529
Median Earnings
$1,620
Median Rent
$622,600
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?
Conventional restaurant - Two-story restaurant property includes a spacious commercial kitchen, dining areas, and about 15 on-site parking spaces.
Where is this conventional restaurant located?
The property is located at 43 Careswell St Marshfield, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Two‑story Asian restaurant property built in 1968, offered with the business as a package; First floor includes cashier counter, small sushi bar, main dining area, two bathrooms, and a spacious commercial kitchen; Second floor includes additional storage and a couple of bedrooms for flexible use
