7 Brookfield Rd, Charlton, MA 01507

Building Details

Building Size 1,643 SF More

Year Built 1930 More

Buildings 1 More

Listing Agency: NAI Glickman Kovago & Jacobs

Listed By: Brendan Toohey · License #MA #9629048 Show Phone

Source: Glickmankovago

Added: Nov 4 Last Checked: Nov 8 at 4:53AM

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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 NAI Glickman Kovago & Jacobs

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Investment Insights

Based on property information with market context.

This mixed-use building dates to 1930 and combines a ground-floor café tenancy with one residential rental unit on the second floor. The café tenant is Sturbridge Coffee Roasters, and the property carries CB zoning.

The building fronts Route 31 in Charlton’s commercial corridor, just off Route 20, and is next to a bank branch.

Key Highlights

• Ground‑floor café tenant: Sturbridge Coffee Roasters
• One residential rental unit on the second floor
• Frontage on Route 31, just off Route 20

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$26,031

Cap Rate

6.67%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$520,620 $520.6K

Cap Rate 7%

$371,871 $371.9K

Cap Rate 9%

$289,233 $289.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,643 SF

Gross rent

$35.5K $21.60/SF

− Vacancy

−$781 −$0.48/SF

EGI

$34.7K $21.12/SF

− OpEx

−$8.7K −$5.28/SF

NOI

$26.0K $15.84/SF

Area

Worcester County, MA

Vacancy

2.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$520,620

Cap Rate 7%

$371,871

Cap Rate 9%

$289,233

Alternative Uses

Best Use

Specialty Retail

$371.9K

$325.4K – $433.9K (±1% cap)

NOI $26,031 @ 7.0% cap · market cap 6.67%

Second Best

Mixed Use

$211.7K

$185.2K – $247.0K (±1% cap)

NOI $14,818 @ 7.0% cap · market cap 3.80%

Theoretical Best

Office A

$561.1K

$490.9K – $654.6K (±1% cap)

NOI $39,274 @ 7.0% cap · market cap 10.07%

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

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Sturbridge Coffee Roasters ... Cafe & Coffee Shop

Suggested Use

Top Pick Real Estate Agency Electrical Service Plumbing Service Bakery Nail Salon Cafe & Coffee Shop

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

1

Residential units

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

180

Businesses Nearby

39k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 55% Dining 45%

Mobil Shops & Services

19,349 visits/mo 0.1 miles

Dunkin' Donuts Dining

17,667 visits/mo 0.1 miles

Gulf Oil Shops & Services

2,149 visits/mo 0.1 miles

Demographics for 01507, MA

13,315

Population

5,240

Households

2.5

Avg Household Size

44

Median Age

38%

College-Educated

94%

High-School Grad

42.2 sq mi

ZIP Area

316

Density / Sq Mi

$119,809

Median Household Income

$64,911

Median Earnings

$1,215

Median Rent

$405,200

Median Home Value

Market

Average Price Trend$/SF for Mixed-use properties in Worcester County, MA

$193 Jul

$188 Aug

$166 Sep

$184 Oct

Properties on Market for Mixed-use properties in Worcester County

Jul

Aug

Sep

Oct

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 second-floor residential rental complements the ground-level café tenancy in this commercial-corridor property.

Where is this mixed-use property located?

The property is located at 7 Brookfield Rd Charlton, MA.

What is the asking price?

The asking price for this property is $390,000.

What are key features of this property?

This property features: Ground‑floor café tenant: Sturbridge Coffee Roasters; One residential rental unit on the second floor; Frontage on Route 31, just off Route 20