Retail Building with Basement
For Sale
Contact for pricing
6 Great Rd, Acton, MA 01720
Retail space with high visibility and potential residential conversion.
Property Size3,012 SF
Price / SF$365.21
Days on Market1484
Property Features for 6 Great Rd
General Information
Standard status
Active
Size
3,012 SF
Class
B
Property subtype
Retail
Zoning
EAV
Investment Type
Owner/User
Building Details
Year Renovated
2019
Buildings
1
Stories
2
Units
1
Tenancy
Single
Listing Agency:
Omni Properties
(617) 834-8602
Listed By:
Tyler Spring · License #MA
Source:
Crexi
Added: Jul 29, 2022
Changed: Aug 20
Last Checked: Aug 19 at 9:19PM
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 Omni Properties
Investment Insights
Based on property information with market context.
This property features 3,012 square feet of retail space, complemented by an additional 1,174 square feet of dry basement storage. The building presents a unique opportunity for ownership of a boutique retail establishment. The property benefits from excellent visibility and frontage on 2A in Acton, Massachusetts. The location serves a substantial customer base of over 80,000 residents within a 5-mile radius, with average household incomes exceeding $150,000. The property could be converted to residential use.
Key Highlights
- Excellent visibility and frontage on 2A.
- Serves a captive audience of over 80,000 people within 5 miles.
- High average household income ($150,000+) within 5‑mile radius.
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
$43,291
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
3.94%
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%
$865,820
$865.8K
Cap Rate 7%
$618,443
$618.4K
Cap Rate 9%
$481,011
$481.0K
Market Conditions
NOI Build-Up for 3,012 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
$66.1K $21.96/SF
− Vacancy
−$4.3K −$1.43/SF
EGI
$61.8K $20.53/SF
− OpEx
−$18.6K −$6.16/SF
NOI
$43.3K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /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%
$865,820
Cap Rate 7%
$618,443
Cap Rate 9%
$481,011
Alternative Uses
Best Use
Retail
$618.4K
$541.1K – $721.5K
NOI $43,291 @ 7.0% cap · market cap 3.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,817 @ 7.0% cap · market cap 11.35%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
239
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 100%
McDonald's
Dining
17,796 visits/mo
0.2 miles
Spice
Dining
3,150 visits/mo
0.1 miles
Demographics for 01720, MA
23,232
Population
8,937
Households
2.6
Avg Household Size
43
Median Age
78%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,185
Density / Sq Mi
$154,101
Median Household Income
$79,774
Median Earnings
$1,908
Median Rent
$766,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Retail space with high visibility and potential residential conversion.
Where is this retail space located?
The property is located at 6 Great Rd Acton, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Excellent visibility and frontage on 2A.; Serves a captive audience of over 80,000 people within 5 miles.; High average household income ($150,000+) within 5‑mile radius.
