Six-Suite Retail
New
For Sale
Contact for pricing
461-B Washington St, Holliston, MA 01746
Five suites house businesses, while a sixth remains unoccupied.
Property Size7,068 SF
Lot Size1.53 Acres
Price / SF$353.71
Days on Market2
Property Features for 461-B Washington St
General Information
Standard status
Active
Size
7,068 SF
Lot size
1.53 Acres
Property subtype
RETAIL
Additional Details
Tenant in Place
Yes
Building Details
Year Built
1967
Tenancy
Multi
Listing Agency:
Northeast Private Client Group | Greater Boston
(857) 990-6800
Listed By:
Tom Egbers · License #9585952
(857) 216-7792
Source:
Moodyscre
Added: Oct 30
Last Checked: Oct 30 at 3:03PM
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 Northeast Private Client Group | Greater Boston
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This six-suite retail center in Holliston dates to 1967 and sits on a 1.53-acre parcel. Five suites are occupied by Subway, Kings Pizza, Jings Garden, a liquor store, and a jewelry store. The remaining 1,600-square-foot suite is unoccupied, offering a future owner a leasing decision. Existing suites range from 563 to 1,900 square feet, and the buildings cover approximately 11% of the site.
The property is on Washington Street, about five miles from Framingham, a 13-minute drive. Boston and Worcester are each less than 50 minutes away.
The property is on Washington Street, about five miles from Framingham, a 13-minute drive. Boston and Worcester are each less than 50 minutes away.
Key Highlights
- Six‑suite retail center on 1.53 acres
- Built in 1967; buildings cover approximately 11% of the site
- One unoccupied suite measures 1,600 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,587
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,031,740
$2.0M
Cap Rate 7%
$1,451,243
$1.5M
Cap Rate 9%
$1,128,744
$1.1M
Market Conditions
NOI Build-Up for 7,068 SF
Gross rent
$155.2K $21.96/SF
− Vacancy
−$10.1K −$1.43/SF
EGI
$145.1K $20.53/SF
− OpEx
−$43.5K −$6.16/SF
NOI
$101.6K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,031,740
Cap Rate 7%
$1,451,243
Cap Rate 9%
$1,128,744
Alternative Uses
Best Use
Retail
$1.45M
$1.27M – $1.69M
NOI $101,587 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.18M
$3.66M – $4.88M
NOI $292,896 @ 7.0% cap · market cap 11.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
191
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01746, MA
14,996
Population
5,774
Households
2.6
Avg Household Size
43
Median Age
66%
College-Educated
96%
High-School Grad
18.7 sq mi
ZIP Area
802
Density / Sq Mi
$154,684
Median Household Income
$75,457
Median Earnings
$1,651
Median Rent
$620,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Shopping center - Five suites house businesses, while a sixth remains unoccupied.
Where is this shopping center located?
The property is located at 461-B Washington St Holliston, 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: Six‑suite retail center on 1.53 acres; Built in 1967; buildings cover approximately 11% of the site; One unoccupied suite measures 1,600 SF
