Commercial Building in Prime
For Sale
Contact for pricing
675 Main St, Clinton, MA 01510
Commercial building suitable for various business ventures in bustling Clinton.
Property Size2,178 SF
Price / SF$550.51
Days on Market940
Property Features for 675 Main St
General Information
Standard status
Active
Size
2,178 SF
Total Parking Spaces
80
Property subtype
Retail, Industrial
Zoning
Comm
Building Details
Year Built
1987
Stories
1
Units
1
Listing Agency:
RE/MAX JOURNEY
Listed By:
John Hogan · License #MA
(978) 807-9892
Source:
Crexi
Added: Feb 6, 2024
Changed: Aug 24
Last Checked: Sep 2 at 9:05PM
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 RE/MAX JOURNEY
Investment Insights
Based on property information with market context.
This commercial building, previously occupied by Burger King and D'angelo's Sandwich Shop, is situated in a prime location across from Walgreen's, in the busiest traffic block of Clinton. The property, with a size of 2178 square feet, offers an opportunity for various types of business ventures. The building benefits from two exits, facilitating smooth and efficient traffic flow.
Key Highlights
- Prime location in the heart of Clinton's busiest traffic block.
- High‑visibility location across from Walgreen's.
- Suitable for most types of business ventures.
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
$34,507
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
2.88%
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%
$690,140
$690.1K
Cap Rate 7%
$492,957
$493.0K
Cap Rate 9%
$383,411
$383.4K
Market Conditions
NOI Build-Up for 2,178 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
$47.0K $21.60/SF
− Vacancy
−$1.0K −$0.48/SF
EGI
$46.0K $21.12/SF
− OpEx
−$11.5K −$5.28/SF
NOI
$34.5K $15.84/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
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%
$690,140
Cap Rate 7%
$492,957
Cap Rate 9%
$383,411
Alternative Uses
Best Use
Specialty Retail
$493.0K
$431.3K – $575.1K
NOI $34,507 @ 7.0% cap · market cap 2.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$743.8K
$650.8K – $867.7K
NOI $52,063 @ 7.0% cap · market cap 4.34%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
736
Businesses Nearby
50k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 42%
Dining 25%
Shops & Services 24%
Home Improvements & Furnishings 9%
Hannaford
Groceries
20,686 visits/mo
0.2 miles
Dunkin' Donuts
Dining
11,155 visits/mo
0.4 miles
Aubuchon Hardware
Home Improvements & Furnishings
4,362 visits/mo
0.4 miles
Sunoco
Shops & Services
3,959 visits/mo
0.3 miles
Advance Auto Parts
Shops & Services
3,190 visits/mo
0.2 miles
Demographics for 01510, MA
15,428
Population
7,017
Households
2.2
Avg Household Size
39
Median Age
35%
College-Educated
91%
High-School Grad
5.7 sq mi
ZIP Area
2,707
Density / Sq Mi
$93,849
Median Household Income
$49,815
Median Earnings
$1,353
Median Rent
$348,000
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Commercial building suitable for various business ventures in bustling Clinton.
Where is this conventional restaurant located?
The property is located at 675 Main St Clinton, 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: Prime location in the heart of Clinton's busiest traffic block.; High‑visibility location across from Walgreen's.; Suitable for most types of business ventures.
