Renovated Retail Storefront
For Sale
$329,900
562 Washington Street, Abington, MA 02351
Newly renovated retail storefront offered for sale with CBD zoning in Abington Center.
Property Size800 SF
Price / SF$412.38
Days on Market186
Property Features for 562 Washington Street
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Zoning
CBD
Additional Details
Highway Access
Yes
Building Details
Year Built
1896
Listing Agency:
Coldwell Banker Realty - Plymouth
Listed By:
Jared Borgatti
(508) 208-8316
Source:
Campionre
Added: Mar 6
Changed: Sep 6
Last Checked: Sep 6 at 9:22AM
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 Coldwell Banker Realty - Plymouth
Investment Insights
Based on property information with market context.
This newly renovated retail storefront is being offered for sale, with updates described as completed “top to bottom.” The property is presented as a blank canvas for a customized interior build-out, and it is currently available for an incoming business to move in.
The space is located in Abington Center and is described as favorably zoned for Central Business District (CBD), with zoning bylaws referenced as available (see attached). Access is noted as close to Routes 123, 18, and 58.
Retail build-out can be tailored to the next user, supported by the property’s recently completed renovations and its established presence in Abington Center for over 30 years.
The space is located in Abington Center and is described as favorably zoned for Central Business District (CBD), with zoning bylaws referenced as available (see attached). Access is noted as close to Routes 123, 18, and 58.
Retail build-out can be tailored to the next user, supported by the property’s recently completed renovations and its established presence in Abington Center for over 30 years.
Key Highlights
- Newly renovated commercial retail storefront in Abington Center
- CBD (Central Business District) zoning for the retail space (see attached zoning bylaws)
- Year built: 1896
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
$13,144
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
3.98%
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%
$262,880
$262.9K
Cap Rate 7%
$187,771
$187.8K
Cap Rate 9%
$146,044
$146.0K
Market Conditions
NOI Build-Up for 800 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
$19.2K $24.00/SF
− Vacancy
−$422 −$0.53/SF
EGI
$18.8K $23.47/SF
− OpEx
−$5.6K −$7.04/SF
NOI
$13.1K $16.43/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
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%
$262,880
Cap Rate 7%
$187,771
Cap Rate 9%
$146,044
Alternative Uses
Best Use
Retail
$187.8K
$164.3K – $219.1K
NOI $13,144 @ 7.0% cap · market cap 3.98%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.6K
$414.4K – $552.5K
NOI $33,152 @ 7.0% cap · market cap 10.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
322
Businesses Nearby
31k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Bank of America
Shops & Services
11,036 visits/mo
0.3 miles
Citgo
Shops & Services
7,464 visits/mo
0.4 miles
7-Eleven
Shops & Services
6,249 visits/mo
0.2 miles
Santander Bank
Shops & Services
4,054 visits/mo
0.1 miles
Advance Auto Parts
Shops & Services
2,526 visits/mo
0.4 miles
Demographics for 02351, MA
17,085
Population
6,576
Households
2.6
Avg Household Size
41
Median Age
40%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
1,709
Density / Sq Mi
$119,787
Median Household Income
$61,646
Median Earnings
$1,547
Median Rent
$516,300
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?
Retail space - Newly renovated retail storefront offered for sale with CBD zoning in Abington Center.
Where is this retail space located?
The property is located at 562 Washington Street Abington, MA.
What is the asking price?
The asking price for this property is $329,900.
What are key features of this property?
This property features: Newly renovated commercial retail storefront in Abington Center; CBD (Central Business District) zoning for the retail space (see attached zoning bylaws); Year built: 1896
