Building Details

Year Built 1900

Listing Agency: Byrnes Real Estate Group LLC Show Phone

Listed By: Nicholas Redden Show Phone

Source: Lockandkeyre

Added: Oct 21 Changed: Oct 23 Last Checked: Oct 23 at 5:24PM

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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 Byrnes Real Estate Group LLC

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Investment Insights

Based on property information with market context.

This approximately 1,200-square-foot retail and office space is at 7 Exchange St Unit 10 in Barre. The building dates to 1900, and the suite is described for retail or professional-office use.

The property is in downtown Barre, near local businesses, shops, and community amenities.

Key Highlights

• Approximately 1,200 square feet
• Located at 7 Exchange St Unit 10 in Barre
• Retail and professional‑office use described

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$17,745

Suggested Prices Based on Cap Rates

Cap Rate 5%

$354,900 $354.9K

Cap Rate 7%

$253,500 $253.5K

Cap Rate 9%

$197,167 $197.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$25.9K $21.60/SF

− Vacancy

−$570 −$0.48/SF

EGI

$25.3K $21.12/SF

− OpEx

−$7.6K −$6.34/SF

NOI

$17.7K $14.79/SF

Area

Worcester County, MA

Vacancy

2.20%

Lease Rate

$21.60 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$354,900

Cap Rate 7%

$253,500

Cap Rate 9%

$197,167

Alternative Uses

Best Use

Retail

$253.5K

$221.8K – $295.8K (±1% cap)

NOI $17,745 @ 7.0% cap · market cap 1,774.50%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$409.8K

$358.6K – $478.1K (±1% cap)

NOI $28,685 @ 7.0% cap · market cap 2,868.50%

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

Property Analytics

Current Use

Nina Marcinowski Tax ... Tax Preparation

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store Plumbing Service Pharmacy Bakery (Bike/Boat/Book/etc) 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.

Location Intelligence

Trade Area within ½ mile

141

Businesses Nearby

4k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 100%

BP Shops & Services

3,720 visits/mo 0.1 miles

Demographics for 01005, MA

4,900

Population

1,876

Households

2.6

Avg Household Size

43

Median Age

36%

College-Educated

92%

High-School Grad

43.2 sq mi

ZIP Area

113

Density / Sq Mi

$97,390

Median Household Income

$47,564

Median Earnings

$1,603

Median Rent

$328,500

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

Similar For Sale Nearby

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$389,900

2,347 SF

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Mixed-Use Property with Artist Studio

50 Pleasant St, Barre, MA 01005

$499,000

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Frequently Asked Questions

What type of property is this?

Retail space - A downtown Barre suite can accommodate storefront or professional-office use.

Where is this retail space located?

The property is located at 7 Exchange St Unit 10 Barre, MA.

What are key features of this property?

This property features: Approximately 1,200 square feet; Located at 7 Exchange St Unit 10 in Barre; Retail and professional‑office use described