Freestanding Retail Building with
For Sale
$2,200,000
785 Bedford, Whitman, MA 02382
Freestanding retail building offers flexible suites ranging up to 2,036 SF with 40 on-site parking spaces.
Property Size5,000 SF
Price / SF$440
Days on Market36
Property Features for 785 Bedford
General Information
Standard status
Active
Size
5,000 SF
Total Parking Spaces
40
Property subtype
Commercial
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,690
Building Details
Year Built
1930
Listing Agency:
Compass
(508) 367-0175
Listed By:
Blake La Grassa
Source:
Classifiedrealtygroup
Added: Jul 20
Changed: Aug 23
Last Checked: Aug 24 at 3:45AM
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 Compass
Investment Insights
Based on property information with market context.
Freestanding retail building totaling 5,000 SF with suite sizes ranging from 964 SF to 2,036 SF, with the ability to combine units for a larger configuration. The property includes 40 on-site parking spaces to support customer access.
The building is located on highly visible Bedford Street in Whitman, just off Route 18, designed to capture consistent traffic exposure. The seller notes the potential for the building to be delivered vacant for an owner-user or single-tenant use.
For tenants or buyers seeking a storefront-style retail footprint with flexible interior sizing and on-site parking, this property provides an adaptable option within a single freestanding asset.
The building is located on highly visible Bedford Street in Whitman, just off Route 18, designed to capture consistent traffic exposure. The seller notes the potential for the building to be delivered vacant for an owner-user or single-tenant use.
For tenants or buyers seeking a storefront-style retail footprint with flexible interior sizing and on-site parking, this property provides an adaptable option within a single freestanding asset.
Key Highlights
- Freestanding 5,000 SF retail building on highly visible Bedford Street in Whitman, just off Route 18
- Flexible suite sizes from 964 SF to 2,036 SF, with ability to combine space
- Strong frontage with consistent traffic exposure
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
$82,152
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
3.73%
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%
$1,643,040
$1.6M
Cap Rate 7%
$1,173,600
$1.2M
Cap Rate 9%
$912,800
$912.8K
Market Conditions
NOI Build-Up for 5,000 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
$120.0K $24.00/SF
− Vacancy
−$2.6K −$0.53/SF
EGI
$117.4K $23.47/SF
− OpEx
−$35.2K −$7.04/SF
NOI
$82.2K $16.43/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$24.00 /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%
$1,643,040
Cap Rate 7%
$1,173,600
Cap Rate 9%
$912,800
Alternative Uses
Best Use
Retail
$1.17M
$1.03M – $1.37M
NOI $82,152 @ 7.0% cap · market cap 3.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.45M
NOI $207,199 @ 7.0% cap · market cap 9.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
337
Businesses Nearby
27k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 67%
Dining 33%
Cumberland Farms
Shops & Services
16,471 visits/mo
0.2 miles
Dunkin' Donuts
Dining
9,051 visits/mo
0.1 miles
Enterprise Rent-A-Car
Shops & Services
1,016 visits/mo
0.0 miles
Extra Space Storage
Shops & Services
729 visits/mo
0.5 miles
Demographics for 02382, MA
15,121
Population
6,031
Households
2.5
Avg Household Size
41
Median Age
29%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
2,191
Density / Sq Mi
$107,794
Median Household Income
$53,875
Median Earnings
$1,785
Median Rent
$456,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail building offers flexible suites ranging up to 2,036 SF with 40 on-site parking spaces.
Where is this retail space located?
The property is located at 785 Bedford Whitman, MA.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Freestanding 5,000 SF retail building on highly visible Bedford Street in Whitman, just off Route 18; Flexible suite sizes from 964 SF to 2,036 SF, with ability to combine space; Strong frontage with consistent traffic exposure
