Bank Building with
For Sale
$749,000
818 Washington St, Holliston, MA 01746
Two-story commercial building with established drive-through improvements and a prior banking configuration.
Property Size3,345 SF
Price / SF$223.92
Days on Market236
Property Features for 818 Washington St
General Information
Standard status
Active
Size
3,345 SF
Property subtype
Commercial
Zoning
VC
Additional Details
Drive-Thru
Yes
Taxes and HOA fees
Annual Taxes
$10,237
Building Details
Building Size
3,345 SF
Year Built
1956
Buildings
1
Stories
2
Abandoned
Yes
Listing Agency:
Colliers International
(617) 330-8000
Listed By:
David Goodhue
(617) 330-8082
Source:
Churchillprop
Added: Feb 20
Changed: Oct 6
Last Checked: Oct 12 at 6:34PM
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 Colliers International
Investment Insights
Based on property information with market context.
Built in 1956, this former bank property contains a two-story, 3,345-square-foot commercial building with an on-site drive-through. The existing configuration is suited to continued banking use or evaluation for another commercial application, subject to applicable requirements.
The property is located at 818 Washington St in Holliston, Massachusetts, along Route 16. VC zoning applies to the site.
The property is located at 818 Washington St in Holliston, Massachusetts, along Route 16. VC zoning applies to the site.
Key Highlights
- 3,345 SF two‑story commercial building
- Former bank property with drive‑through
- Built in 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,656
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,120
$1.3M
Cap Rate 7%
$895,086
$895.1K
Cap Rate 9%
$696,178
$696.2K
Market Conditions
NOI Build-Up for 3,345 SF
Gross rent
$90.3K $27.00/SF
− Vacancy
−$6.8K −$2.03/SF
EGI
$83.5K $24.98/SF
− OpEx
−$20.9K −$6.24/SF
NOI
$62.7K $18.73/SF
Area
Middlesex County, MA
Vacancy
7.50%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,253,120
Cap Rate 7%
$895,086
Cap Rate 9%
$696,178
Alternative Uses
Best Use
Specialty Retail
$895.1K
$783.2K – $1.04M
NOI $62,656 @ 7.0% cap · market cap 8.37%
Second Best
Retail
$686.8K
$601.0K – $801.3K
NOI $48,077 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$1.98M
$1.73M – $2.31M
NOI $138,616 @ 7.0% cap · market cap 18.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
451
Businesses Nearby
Explore this area
Business Placement
Demographics for 01746, MA
14,996
Population
5,774
Households
2.6
Avg Household Size
43
Median Age
66%
College-Educated
96%
High-School Grad
18.7 sq mi
ZIP Area
802
Density / Sq Mi
$154,684
Median Household Income
$75,457
Median Earnings
$1,651
Median Rent
$620,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Bank - Two-story commercial building with established drive-through improvements and a prior banking configuration.
Where is this bank located?
The property is located at 818 Washington St Holliston, MA.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: 3,345 SF two‑story commercial building; Former bank property with drive‑through; Built in 1956
