Profitable Retail Italian Bakery For
For Sale
Contact for pricing
123 Bakery Blvd Middlesex MA, Stoneham, MA 02180
Well-established, high-volume Italian bakery in prime location for sale.
Property Size1,800 SF
Price / SF$166.67
Days on Market1537
Property Features for 123 Bakery Blvd Middlesex MA
General Information
Standard status
Active
Size
1,800 SF
Property subtype
Business for Sale, Retail
Zoning
HB
Occupancy
100%
Lease Type
NNN
Investment Type
Owner/User
Building Details
Stories
1
Tenancy
Single
Listing Agency:
Maker Capital
(978) 927-8700
Listed By:
David Maker · License #MA 009525221
Source:
Crexi
Added: Jun 7, 2022
Changed: Aug 8
Last Checked: May 13 at 8:04PM
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 Maker Capital
Investment Insights
Based on property information with market context.
This is an opportunity to acquire a well-established and profitable Italian bakery that has been in operation for over 50 years at the same location. Situated on a high-traffic artery in Middlesex County, Massachusetts, the business benefits from a Main Street location with a vehicle count of 31,000 per day. The bakery is known for its wide range of offerings, including Italian and American pastries, custom specialty cakes and mini pastries, artisan bread, rolls, Italian cookies, signature pizza, calzones, and seasonal holiday specialties. The sale is turnkey and includes all front-of-house and back-of-house operations, furniture, fixtures, and equipment, a POS system, and the existing business website. The property size is 1800 square feet.
Key Highlights
- Highly profitable, well‑established Italian bakery with a 50+ year legacy
- Prime Main Street location in Middlesex County, MA with high visibility and 31,000 VPD
- Turnkey operation including all Furniture, Fixtures, and Equipment (FF&E), POS system, and website
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
$25,871
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
8.62%
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%
$517,420
$517.4K
Cap Rate 7%
$369,586
$369.6K
Cap Rate 9%
$287,456
$287.5K
Market Conditions
NOI Build-Up for 1,800 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
$39.5K $21.96/SF
− Vacancy
−$2.6K −$1.43/SF
EGI
$37.0K $20.53/SF
− OpEx
−$11.1K −$6.16/SF
NOI
$25.9K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /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%
$517,420
Cap Rate 7%
$369,586
Cap Rate 9%
$287,456
Alternative Uses
Best Use
Specialty Retail
$481.7K
$421.5K – $561.9K
NOI $33,716 @ 7.0% cap · market cap 11.24%
Second Best
Retail
$369.6K
$323.4K – $431.2K
NOI $25,871 @ 7.0% cap · market cap 8.62%
Theoretical Best
Office A
$1.07M
$932.4K – $1.24M
NOI $74,592 @ 7.0% cap · market cap 24.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
961
Businesses Nearby
15k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 54%
Home Improvements & Furnishings 46%
Dunkin' Donuts
Dining
8,350 visits/mo
0.3 miles
Spartan Paint & Supply Co.
Home Improvements & Furnishings
3,775 visits/mo
0.2 miles
Round's Hardware
Home Improvements & Furnishings
3,255 visits/mo
0.4 miles
Demographics for 02180, MA
23,244
Population
9,832
Households
2.4
Avg Household Size
44
Median Age
54%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,874
Density / Sq Mi
$112,635
Median Household Income
$71,709
Median Earnings
$1,878
Median Rent
$629,000
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?
Conventional restaurant - Well-established, high-volume Italian bakery in prime location for sale.
Where is this conventional restaurant located?
The property is located at 123 Bakery Blvd Middlesex MA Stoneham, MA.
What is the asking price?
The asking price for this property is $300,000.
What are key features of this property?
This property features: Highly profitable, well‑established Italian bakery with a 50+ year legacy; Prime Main Street location in Middlesex County, MA with high visibility and 31,000 VPD; Turnkey operation including all Furniture, Fixtures, and Equipment (FF&E), POS system, and website
