Freestanding Mixed-Use
For Sale
$549,000
Pending
9 Summit Ave, Dartmouth, MA 02747
Mini-split systems, updated utilities, and town water and sewer support day-to-day operations.
Property Size1,518 SF
Lot Size0.42 Acres
Days on Market123
Property Features for 9 Summit Ave
General Information
Standard status
Pending
Size
1,518 SF
Lot size
0.42 Acres
Zoning
mixed use
Lease Term
Existing Lease Type: "Other (See Remarks)"
Site & Location
Highway Access
Yes
Utilities to Site
Yes
Amenities
mini-splits
updated electric & plumbing
washer & dryer
town water & sewer
Building Details
Building Size
1,518 SF
Year Built
1930
Construction
shingled
Listing Agency:
Coastal Realty
(508) 736-2387
Listed By:
Lori A. Nery · License #451501061
(508) 736-2387
Source:
Iverty
Added: Apr 30
Changed: Aug 30
Last Checked: Aug 30 at 4:29PM
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 Coastal Realty
Investment Insights
Based on property information with market context.
Located at 9 Summit Ave, this freestanding mixed-use property contains 1,518 square feet on an 18,295-square-foot lot. Built in 1930, the building features a shingled exterior and roof, along with mini-split systems for heating and air conditioning. Electrical and plumbing systems have been updated, and a washer and dryer are included. Town water and sewer serve the property.
The Dartmouth setting places the property near highways, shopping plazas, restaurants, residential areas, medical facilities, and UMass Dartmouth. Mixed-use zoning and the existing building configuration support consideration of office, retail, or service-oriented commercial applications. The property also offers room on the site for future expansion, subject to applicable approvals.
The Dartmouth setting places the property near highways, shopping plazas, restaurants, residential areas, medical facilities, and UMass Dartmouth. Mixed-use zoning and the existing building configuration support consideration of office, retail, or service-oriented commercial applications. The property also offers room on the site for future expansion, subject to applicable approvals.
Key Highlights
- 1,518‑square‑foot freestanding building on an 18,295‑square‑foot lot
- Mixed‑use zoning with office, retail, and service business potential
- Built in 1930 with a shingled exterior and roof
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
$17,931
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
3.27%
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%
$358,620
$358.6K
Cap Rate 7%
$256,157
$256.2K
Cap Rate 9%
$199,233
$199.2K
Market Conditions
NOI Build-Up for 1,518 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
$31.9K $21.00/SF
− Vacancy
−$3.2K −$2.10/SF
EGI
$28.7K $18.90/SF
− OpEx
−$10.8K −$7.09/SF
NOI
$17.9K $11.81/SF
Area
Bristol County, MA
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
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%
$358,620
Cap Rate 7%
$256,157
Cap Rate 9%
$199,233
Alternative Uses
Best Use
Mixed Use
$256.2K
$224.1K – $298.9K
NOI $17,931 @ 7.0% cap · market cap 3.27%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$924.4K
$808.9K – $1.08M
NOI $64,711 @ 7.0% cap · market cap 11.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
Explore this area
Business Placement
Demographics for 02747, MA
22,326
Population
7,339
Households
3
Avg Household Size
40
Median Age
33%
College-Educated
85%
High-School Grad
41.0 sq mi
ZIP Area
545
Density / Sq Mi
$97,665
Median Household Income
$41,015
Median Earnings
$1,384
Median Rent
$460,400
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mini-split systems, updated utilities, and town water and sewer support day-to-day operations.
Where is this mixed-use property located?
The property is located at 9 Summit Ave Dartmouth, MA.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: 1,518‑square‑foot freestanding building on an 18,295‑square‑foot lot; Mixed‑use zoning with office, retail, and service business potential; Built in 1930 with a shingled exterior and roof
