Historic Landmark on Great
For Sale
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144 Great Rd, Acton, MA 01720
Historic landmark with prime frontage, ideal for retail or office.
Property Size5,637 SF
Price / SF$266.10
Days on Market822
Property Features for 144 Great Rd
General Information
Standard status
Active
Size
5,637 SF
Class
B
Property subtype
Mixed Use, Office, Retail
Zoning
Limited Business
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Units
1
Listing Agency:
Omni Properties
(978) 369-4884
Listed By:
Anne Flanagan · License #MA 9033032
Source:
Crexi
Added: May 21, 2024
Changed: Aug 19
Last Checked: Aug 19 at 5:42AM
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 Omni Properties
Investment Insights
Based on property information with market context.
This historic landmark property, situated on Great Road, offers excellent visibility and prime frontage within a vibrant commercial area. The property is suitable for retail or office use. A notable feature is the outdoor patio, which is ideal for hosting clients or employee events. The property encompasses a total size of 5637 square feet.
Key Highlights
- Historic landmark property
- Excellent visibility and prime frontage
- Located in the most vibrant commercial area in Acton
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
$93,011
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
6.20%
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%
$1,860,220
$1.9M
Cap Rate 7%
$1,328,729
$1.3M
Cap Rate 9%
$1,033,456
$1.0M
Market Conditions
NOI Build-Up for 5,637 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
$169.1K $30.00/SF
− Vacancy
−$20.3K −$3.60/SF
EGI
$148.8K $26.40/SF
− OpEx
−$55.8K −$9.90/SF
NOI
$93.0K $16.50/SF
Area
Middlesex County, MA
Vacancy
12.00%
Lease Rate
$30.00 /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%
$1,860,220
Cap Rate 7%
$1,328,729
Cap Rate 9%
$1,033,456
Alternative Uses
Best Use
Office B
$2.56M
$2.24M – $2.98M
NOI $178,864 @ 7.0% cap · market cap 11.92%
Second Best
Mixed Use
$1.33M
$1.16M – $1.55M
NOI $93,011 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$3.34M
$2.92M – $3.89M
NOI $233,596 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 01720, MA
23,232
Population
8,937
Households
2.6
Avg Household Size
43
Median Age
78%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,185
Density / Sq Mi
$154,101
Median Household Income
$79,774
Median Earnings
$1,908
Median Rent
$766,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic landmark with prime frontage, ideal for retail or office.
Where is this mixed-use property located?
The property is located at 144 Great Rd Acton, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Historic landmark property; Excellent visibility and prime frontage; Located in the most vibrant commercial area in Acton
