Manufacturing Property with
For Sale
Contact for pricing
617 N Elm St, West Bridgewater, MA 02379
Shop-oriented property with rear storage, city water, natural gas, gas heat, and fluorescent lighting.
Property Size1,640 SF
Lot Size0.25 Acres
Price / SF$289.63
Days on Market13
Property Features for 617 N Elm St
General Information
Standard status
Active
Size
1,640 SF
Lot size
0.25 Acres
Property subtype
INDUSTRIAL
Additional Details
Utilities to Site
Yes
Listing Agency:
Jay Nuss Realty Group, LLC
(781) 710-4186
Listed By:
Angela Nuss
(781) 710-4186
Source:
Moodyscre
Added: Jul 31
Changed: Aug 2
Last Checked: Aug 2 at 4:22AM
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 Jay Nuss Realty Group, LLC
Investment Insights
Based on property information with market context.
This manufacturing property includes a wood-frame storage building measuring 1,293 square feet at the rear of the site. The existing Jackson Welding occupancy is identified as a pre-existing, non-conforming use with grandfathered status. The storage building’s roof needs replacement.
The site contains 10,890 square feet of land and is located within Water Resource Protection District 12. Utility services include natural gas, gas heating, city water, and fluorescent lighting. The property is located at 617 N Elm St in West Bridgewater, Massachusetts.
The site contains 10,890 square feet of land and is located within Water Resource Protection District 12. Utility services include natural gas, gas heating, city water, and fluorescent lighting. The property is located at 617 N Elm St in West Bridgewater, Massachusetts.
Key Highlights
- 1,293‑square‑foot wood‑frame storage building at the rear of the site
- Existing Jackson Welding occupancy has grandfathered pre‑existing, non‑conforming use status
- Roof replacement is needed
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
$20,402
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
4.30%
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%
$408,040
$408.0K
Cap Rate 7%
$291,457
$291.5K
Cap Rate 9%
$226,689
$226.7K
Market Conditions
NOI Build-Up for 1,640 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
$26.2K $15.96/SF
− Vacancy
−$2.2K −$1.32/SF
EGI
$24.0K $14.64/SF
− OpEx
−$3.6K −$2.20/SF
NOI
$20.4K $12.44/SF
Area
Plymouth County, MA
Vacancy
8.30%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
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%
$408,040
Cap Rate 7%
$291,457
Cap Rate 9%
$226,689
Alternative Uses
Best Use
Warehouse
$291.5K
$255.0K – $340.0K
NOI $20,402 @ 7.0% cap · market cap 4.30%
Second Best
Industrial
$249.2K
$218.1K – $290.8K
NOI $17,445 @ 7.0% cap · market cap 3.67%
Theoretical Best
Office A
$970.9K
$849.5K – $1.13M
NOI $67,961 @ 7.0% cap · market cap 14.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
170
Businesses Nearby
Explore this area
Business Placement
Demographics for 02379, MA
7,697
Population
2,955
Households
2.6
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
15.3 sq mi
ZIP Area
503
Density / Sq Mi
$124,483
Median Household Income
$56,818
Median Earnings
$2,011
Median Rent
$501,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Manufacturing property - Shop-oriented property with rear storage, city water, natural gas, gas heat, and fluorescent lighting.
Where is this manufacturing property located?
The property is located at 617 N Elm St West Bridgewater, MA.
What is the asking price?
The asking price for this property is $475,000.
What are key features of this property?
This property features: 1,293‑square‑foot wood‑frame storage building at the rear of the site; Existing Jackson Welding occupancy has grandfathered pre‑existing, non‑conforming use status; Roof replacement is needed
