Mixed-Use Property with
New
For Sale
$1,199,000
9 Taunton Grn, Taunton, MA 02780
Downtown building combines five residential apartments with a restaurant space occupied by 22 Bar and Lounge.
Property Size5,560 SF
Days on Market6
Property Features for 9 Taunton Grn
General Information
Standard status
Active
Size
5,560 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$4,488
Building Details
Building Size
5,560 SF
Year Built
1900
Listing Agency:
Ellis Realty Advisors
(781) 738-9696
Listed By:
Daniel Morton · License #9583567
(781) 738-9696
Source:
Elliman
Added: Aug 26
Changed: Aug 29
Last Checked: Aug 30 at 2:47PM
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 Ellis Realty Advisors
Investment Insights
Based on property information with market context.
Located in downtown Taunton, this mixed-use building contains five residential apartments on the upper floors and a restaurant space at street level. The commercial portion is occupied by 22 Bar and Lounge, creating a combined residential and restaurant configuration within one property.
Constructed in 1900, the building is positioned at 9 Taunton Grn in Taunton, Massachusetts. Walk Score is 38 and Bike Score is 31, with the area characterized as car-dependent and somewhat bikeable.
Constructed in 1900, the building is positioned at 9 Taunton Grn in Taunton, Massachusetts. Walk Score is 38 and Bike Score is 31, with the area characterized as car-dependent and somewhat bikeable.
Key Highlights
- Five residential apartments
- Street‑level restaurant space occupied by 22 Bar and Lounge
- Mixed‑use building in downtown Taunton
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
$92,342
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
7.70%
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%
$1,846,840
$1.8M
Cap Rate 7%
$1,319,171
$1.3M
Cap Rate 9%
$1,026,022
$1.0M
Market Conditions
NOI Build-Up for 5,560 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
$180.1K $32.40/SF
− Vacancy
−$12.2K −$2.20/SF
EGI
$167.9K $30.20/SF
− OpEx
−$75.6K −$13.59/SF
NOI
$92.3K $16.61/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$32.40 /SF/Yr
Expense Ratio
45.00%
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%
$1,846,840
Cap Rate 7%
$1,319,171
Cap Rate 9%
$1,026,022
Alternative Uses
Best Use
Apartment 5plus
$1.32M
$1.15M – $1.54M
NOI $92,342 @ 7.0% cap · market cap 7.70%
Second Best
Specialty Retail
$1.05M
$917.6K – $1.22M
NOI $73,409 @ 7.0% cap · market cap 6.12%
Theoretical Best
Office A
$3.39M
$2.96M – $3.95M
NOI $237,016 @ 7.0% cap · market cap 19.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Downtown building combines five residential apartments with a restaurant space occupied by 22 Bar and Lounge.
Where is this mixed-use property located?
The property is located at 9 Taunton Grn Taunton, MA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: Five residential apartments; Street‑level restaurant space occupied by 22 Bar and Lounge; Mixed‑use building in downtown Taunton
