Building Details

Building Size 4,018 SF

Year Built 1916

Tenancy Multi

Listing Agency: RE/MAX Synergy

Listed By: Luis Martins Realty Team Show Phone

Source: Espositorealtygroup

Added: Jul 23 Changed: Oct 27 Last Checked: Oct 26 at 3:58PM

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Investment Insights

Based on property information with market context.

This mixed-use property combines a single-family residence with three storefront units. The home has three bedrooms and two full bathrooms, and the building dates to 1916.

Brockton Hospital is approximately one minute away, and the property is on a bus route. Parking is available on site.

Key Highlights

• Three storefront units accompany a single‑family residence
• Residential portion includes 3 bedrooms and 2 full bathrooms
• Built in 1916

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$57,132

Cap Rate

7.62%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,142,640 $1.1M

Cap Rate 7%

$816,171 $816.2K

Cap Rate 9%

$634,800 $634.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 4,018 SF

Gross rent

$89.2K $22.20/SF

− Vacancy

−$7.6K −$1.89/SF

EGI

$81.6K $20.31/SF

− OpEx

−$24.5K −$6.09/SF

NOI

$57.1K $14.22/SF

Area

Brockton, MA

Vacancy

8.50%

Lease Rate

$22.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,142,640

Cap Rate 7%

$816,171

Cap Rate 9%

$634,800

Alternative Uses

Best Use

Mixed Use

$1.07M

$932.3K – $1.24M (±1% cap)

NOI $74,584 @ 7.0% cap · market cap 9.95%

Second Best

Retail

$816.2K

$714.2K – $952.2K (±1% cap)

NOI $57,132 @ 7.0% cap · market cap 7.62%

Theoretical Best

Office A

$1.91M

$1.67M – $2.23M (±1% cap)

NOI $133,770 @ 7.0% cap · market cap 17.84%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Kitchen & Bath Showroom Computer & Electronic Repair Auto Parts 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.

Lease Details

3

Office units

Multi-tenant

Tenancy

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

956

Businesses Nearby

109k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 44% Shops & Services 30% Home Improvements & Furnishings 23% Electronics 2%

The Home Depot Home Improvements & Furnishings

24,275 visits/mo 0.4 miles

McDonald's Dining

19,766 visits/mo 0.3 miles

Dollar Tree Shops & Services

16,379 visits/mo 0.3 miles

Dunkin' Donuts Dining

11,246 visits/mo 0.4 miles

Popeyes Louisiana Kitchen Dining

7,817 visits/mo 0.3 miles

Demographics for 02302, MA

36,202

Population

12,828

Households

2.8

Avg Household Size

38

Median Age

21%

College-Educated

83%

High-School Grad

8.9 sq mi

ZIP Area

4,068

Density / Sq Mi

$87,560

Median Household Income

$45,342

Median Earnings

$1,476

Median Rent

$395,000

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

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Frequently Asked Questions

What type of property is this?

Mixed-use property - A three-bedroom residence with two full bathrooms sits alongside three commercial storefronts.

Where is this mixed-use property located?

The property is located at 616 Centre Brockton, MA.

What is the asking price?

The asking price for this property is $749,900.

What are key features of this property?

This property features: Three storefront units accompany a single‑family residence; Residential portion includes 3 bedrooms and 2 full bathrooms; Built in 1916