Mixed-Use Building with Rental
For Sale
$399,900
531 Summer St, Barre, MA 01005
Commercial Sale, Barre, MA
Property Size2,347 SF
Lot Size0.36 Acres
Price / SF$170.39
Days on Market60
Property Features for 531 Summer St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
Legal Conforming
Bathrooms
3
Full bathrooms
3
Rooms
Bathroom 1, Bathroom 3, Bathroom 2
Directions
Summer St is Rt 122. Also, frontage and access from Valley Rd
Standard status
Active
APN
M:00EA B:0029 L:,3644560
Size
2,347 SF
Lot size
0.36 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
3050
Amenities
secured building
coin-op laundry
Building Details
Year built
1900
Listing Agency:
RE/MAX Vision · RE/MAX International
(508) 595-9900
Listed By:
Jeff Burk · License #9035530
(508) 826-3301
Added: Jul 7
Changed: Sep 3
Last Checked: Sep 4 at 5:06AM
MLS# 73545763
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 2,347-square-foot mixed-use property, built in 1900, contains two commercial units on the first floor and two apartments above. The commercial space includes a three-room office suite and a food-service window. The office lease runs through 6-30-27 and includes heat, hot water, and electric. The food-service area has metered electric and a three-bowl scullery system installed in 2018.
The residential units have separate utilities and legal egresses. Landlord-owned equipment includes two stoves, two refrigerators, a coin-operated washer/dryer, and a scullery sink. Additional features include a shared half bath with coin-operated laundry, vinyl siding, water and sewer service, a secured building, and a roof completed in 2016. Off-street parking is provided, with shopping, banks, restaurants, schools, and Felton Field nearby in Barre.
The residential units have separate utilities and legal egresses. Landlord-owned equipment includes two stoves, two refrigerators, a coin-operated washer/dryer, and a scullery sink. Additional features include a shared half bath with coin-operated laundry, vinyl siding, water and sewer service, a secured building, and a roof completed in 2016. Off-street parking is provided, with shopping, banks, restaurants, schools, and Felton Field nearby in Barre.
Key Highlights
- 2,347 SF mixed‑use building with 2 commercial units and 2 residential apartments
- First‑floor commercial space includes a 3‑room office suite and food‑service window
- Office lease in place through 6‑30‑27, including heat, hot water, and electric
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
$27,610
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
6.90%
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%
$552,200
$552.2K
Cap Rate 7%
$394,429
$394.4K
Cap Rate 9%
$306,778
$306.8K
Market Conditions
NOI Build-Up for 2,347 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
$51.5K $21.96/SF
− Vacancy
−$1.3K −$0.57/SF
EGI
$50.2K $21.39/SF
− OpEx
−$22.6K −$9.63/SF
NOI
$27.6K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
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%
$552,200
Cap Rate 7%
$394,429
Cap Rate 9%
$306,778
Alternative Uses
Best Use
Office B
$611.1K
$534.7K – $712.9K
NOI $42,774 @ 7.0% cap · market cap 10.70%
Second Best
Apartment 5plus
$394.4K
$345.1K – $460.2K
NOI $27,610 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$801.5K
$701.3K – $935.1K
NOI $56,103 @ 7.0% cap · market cap 14.03%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Office units
2
Residential units
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
Explore this area
Business Placement
Demographics for 01005, MA
4,900
Population
1,876
Households
2.6
Avg Household Size
43
Median Age
36%
College-Educated
92%
High-School Grad
43.2 sq mi
ZIP Area
113
Density / Sq Mi
$97,390
Median Household Income
$47,564
Median Earnings
$1,603
Median Rent
$328,500
Median Home Value
Market
Vacancy Rate% for Office 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 commercial suites, apartments, off-street parking, and separately metered residential utilities.
Where is this mixed-use property located?
The property is located at 531 Summer St Barre, MA.
What is the asking price?
The asking price for this property is $399,900.
What are key features of this property?
This property features: 2,347 SF mixed‑use building with 2 commercial units and 2 residential apartments; First‑floor commercial space includes a 3‑room office suite and food‑service window; Office lease in place through 6‑30‑27, including heat, hot water, and electric
