Turn-Key Two-Unit Retail
For Sale
$549,500
597 Dartmouth St #AB, Dartmouth, MA 02748
Two renovated retail units on a highly visible corner lot with established tenant income in place.
Property Size1,650 SF
Price / SF$333.03
Days on Market222
Property Features for 597 Dartmouth St #AB
General Information
Standard status
Active
Size
1,650 SF
Zoning
BCMU
Additional Details
Business Included
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$4,361
Building Details
Building Size
1,650 SF
Year Built
1950
Tenancy
Multi
Listing Agency:
Coastal Realty
(508) 990-4280
Listed By:
Lori A Nery · License #451501061
Source:
Insightrealtygroup
Added: Jan 13
Changed: Aug 8
Last Checked: Aug 23 at 2:23AM
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 Coastal Realty
Investment Insights
Based on property information with market context.
Turn-key two-unit commercial property offering two separate spaces in a renovated condition. One unit is currently occupied by an established tenant generating $21,000 in annual rent, and the second unit will be delivered vacant for an owner-occupant or another tenant arrangement.
The property is located at 597 Dartmouth St, #AB, Dartmouth, MA 02748 on a highly visible corner lot within a thriving commercial district, providing strong exposure and accessibility. Recent exterior improvements include updated siding, downspouts, and gutters.
Interior updates include fresh paint, lighting, floor leveling, restrooms, and common areas and systems such as a common sink, oil tank, furnace expansion tank, and water shut-off valves. Tenant buildout features include new interior rooms, laundry hookups, lighting, exit signs, and a 240V outlet.
The property is located at 597 Dartmouth St, #AB, Dartmouth, MA 02748 on a highly visible corner lot within a thriving commercial district, providing strong exposure and accessibility. Recent exterior improvements include updated siding, downspouts, and gutters.
Interior updates include fresh paint, lighting, floor leveling, restrooms, and common areas and systems such as a common sink, oil tank, furnace expansion tank, and water shut-off valves. Tenant buildout features include new interior rooms, laundry hookups, lighting, exit signs, and a 240V outlet.
Key Highlights
- Two‑unit commercial property (Year built 1950) with two separate retail units
- One established tenant with $21,000 annual rent; second unit delivered vacant
- Recent exterior updates include siding, downspouts, and gutters
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
$33,888
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
6.17%
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%
$677,760
$677.8K
Cap Rate 7%
$484,114
$484.1K
Cap Rate 9%
$376,533
$376.5K
Market Conditions
NOI Build-Up for 1,650 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
$49.5K $30.00/SF
− Vacancy
−$1.1K −$0.66/SF
EGI
$48.4K $29.34/SF
− OpEx
−$14.5K −$8.80/SF
NOI
$33.9K $20.54/SF
Area
Bristol County, MA
Vacancy
2.20%
Lease Rate
$30.00 /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%
$677,760
Cap Rate 7%
$484,114
Cap Rate 9%
$376,533
Alternative Uses
Best Use
Retail
$484.1K
$423.6K – $564.8K
NOI $33,888 @ 7.0% cap · market cap 6.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$879.2K – $1.17M
NOI $70,338 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
502
Businesses Nearby
52k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 70%
Dining 17%
Home Improvements & Furnishings 13%
Cumberland Farms
Shops & Services
20,046 visits/mo
0.4 miles
Dunkin' Donuts
Dining
8,858 visits/mo
0.1 miles
Dollar General
Shops & Services
8,021 visits/mo
0.5 miles
Dartmouth Ace Hardware
Home Improvements & Furnishings
6,849 visits/mo
0.3 miles
Citizens Bank
Shops & Services
4,395 visits/mo
0.1 miles
Demographics for 02748, MA
11,888
Population
5,409
Households
2.2
Avg Household Size
52
Median Age
45%
College-Educated
89%
High-School Grad
23.2 sq mi
ZIP Area
512
Density / Sq Mi
$105,455
Median Household Income
$53,268
Median Earnings
$1,362
Median Rent
$482,500
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 - Two renovated retail units on a highly visible corner lot with established tenant income in place.
Where is this retail space located?
The property is located at 597 Dartmouth St #AB Dartmouth, MA.
What is the asking price?
The asking price for this property is $549,500.
What are key features of this property?
This property features: Two‑unit commercial property (Year built 1950) with two separate retail units; One established tenant with $21,000 annual rent; second unit delivered vacant; Recent exterior updates include siding, downspouts, and gutters
