Commercial Property on Route
For Sale
$549,000
58 Sandwich Rd, Wareham, MA 02571
Well-maintained commercial property with high visibility and traffic count.
Property Size1,379 SF
Price / SF$398.11
Days on Market532
Property Features for 58 Sandwich Rd
General Information
Standard status
Active
Size
1,379 SF
Taxes and HOA fees
Annual Taxes
$2,768
Building Details
Year Built
1920
Listing Agency:
LPT Realty - Home & Key Group
Listed By:
Wayne Bellemare
(508) 944-9701
Source:
Corcoran
Added: May 4, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:08AM
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 LPT Realty - Home & Key Group
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Investment Insights
Based on property information with market context.
This commercial property is located on Route 6 and was most recently used as an auto sales and repair facility. The property features a customer entrance and reception area with two walls of floor-to-ceiling windows. The reception area is finished with shiplap pine. There are 12-foot overhead doors at the front and rear of the shop that provide drive-through access to the rear lot. The fenced rear lot is accessible from the side of the building or via road frontage on Pires Street. The main level includes a large mechanical room, a half bath, and a three-quarter bath. The second story is a large, open room suitable for storage or office space. The building size is 1379 square feet.
Key Highlights
- High traffic count and excellent visibility on Rte 6.
- Grandfathered status suitable for various businesses (previously Auto Sales / Repair).
- Drive‑through access with 12' overhead doors at front and rear.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,658
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,160
$453.2K
Cap Rate 7%
$323,686
$323.7K
Cap Rate 9%
$251,756
$251.8K
Market Conditions
NOI Build-Up for 1,379 SF
Gross rent
$33.1K $24.00/SF
− Vacancy
−$728 −$0.53/SF
EGI
$32.4K $23.47/SF
− OpEx
−$9.7K −$7.04/SF
NOI
$22.7K $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 Rate 5%
$453,160
Cap Rate 7%
$323,686
Cap Rate 9%
$251,756
Alternative Uses
Best Use
Retail
$323.7K
$283.2K – $377.6K
NOI $22,658 @ 7.0% cap · market cap 4.13%
Second Best
Industrial
$209.5K
$183.4K – $244.5K
NOI $14,668 @ 7.0% cap · market cap 2.67%
Theoretical Best
Office A
$816.4K
$714.3K – $952.4K
NOI $57,145 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02571, MA
10,858
Population
6,205
Households
1.7
Avg Household Size
51
Median Age
32%
College-Educated
90%
High-School Grad
18.7 sq mi
ZIP Area
581
Density / Sq Mi
$87,302
Median Household Income
$56,282
Median Earnings
$1,427
Median Rent
$422,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
Similar Off Market Nearby
- Advanced Engine Rebuilding Inc — 176 Main St, Wareham, MA 02571
- Vaughn's Towing — 2747 Cranberry Hwy, Wareham, MA 02571
Frequently Asked Questions
What type of property is this?
Auto shop - Well-maintained commercial property with high visibility and traffic count.
Where is this auto shop located?
The property is located at 58 Sandwich Rd Wareham, MA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: High traffic count and excellent visibility on Rte 6.; Grandfathered status suitable for various businesses (previously Auto Sales / Repair).; Drive‑through access with 12' overhead doors at front and rear.
