Building Details

Year Built 1950

Year Renovated 2024

Buildings 1

Stories 2

Listing Agency: Ellis Realty Advisors

Listed By: David Ellis · License #MA 9524572 Show Phone

Source: Crexi

Added: Mar 19 Changed: Sep 29 Last Checked: Oct 4 at 9:35AM

Report an Issue

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 Ellis Realty Advisors

Investment Insights

Based on property information with market context.

This 5,500 square foot, two-story mixed-use building located at 55R Main Street was renovated in 2024. The building is currently occupied by a martial arts studio on the upper level and a chiropractic and sports medicine practice on the lower level. This property is suitable for either an investor or an owner-occupant.

Key Highlights

• Renovated in 2024.
• 5,500 SF two‑story mixed‑use building.
• Currently occupied by tenants.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$53,130

Cap Rate

7.60%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,062,600 $1.1M

Cap Rate 7%

$759,000 $759.0K

Cap Rate 9%

$590,333 $590.3K

Market Conditions

NOI Build-Up for 5,500 SF

Gross rent

$92.4K $16.80/SF

− Vacancy

−$7.4K −$1.34/SF

EGI

$85.0K $15.46/SF

− OpEx

−$31.9K −$5.80/SF

NOI

$53.1K $9.66/SF

Area

Plymouth County, MA

Vacancy

8.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

37.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,062,600

Cap Rate 7%

$759,000

Cap Rate 9%

$590,333

Alternative Uses

Best Use

Office B

$1.64M

$1.44M – $1.92M (±1% cap)

NOI $115,038 @ 7.0% cap · market cap 16.46%

Second Best

Retail

$1.29M

$1.13M – $1.51M (±1% cap)

NOI $90,367 @ 7.0% cap · market cap 12.93%

Theoretical Best

Office A

$3.26M

$2.85M – $3.80M (±1% cap)

NOI $227,919 @ 7.0% cap · market cap 32.61%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Mixed-use properties

Suggested Use

Top Pick Dental Office Pharmacy Hair Salon Nail Salon Parking Lot & Garage (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

226

Businesses Nearby

Explore this area Business Placement

Demographics for 02364, MA

13,708

Population

5,658

Households

2.4

Avg Household Size

43

Median Age

49%

College-Educated

99%

High-School Grad

18.6 sq mi

ZIP Area

737

Density / Sq Mi

$115,863

Median Household Income

$59,955

Median Earnings

$1,157

Median Rent

$562,000

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this mixed-use properties located? What is the asking price? Find similar properties What are key features of this property?

Similar For Sale Nearby

Three-Unit Residential Income

28 Main Street, Kingston, MA 02364

$749,900

2,526 SF

View details

Renovated 9-Unit Apartment Building

26 Main St, Kingston, MA 02364

Contact for pricing

View details

Specialty Commercial Property

53R-55R Main St, Kingston, MA 02364

$1,300,000

View details

Frequently Asked Questions

What type of property is this?

Mixed-use property - Two-story, 5,500 SF mixed-use building, renovated in 2024.

Where is this mixed-use property located?

The property is located at 55R Main St Kingston, MA.

What is the asking price?

The asking price for this property is $699,000.

What are key features of this property?

This property features: Renovated in 2024.; 5,500 SF two‑story mixed‑use building.; Currently occupied by tenants.