Building Details

Building Size 1,850 SF

Year Built 1850

Listing Agency: Keller Williams Realty Show Phone

Listed By: Gordon Avery Show Phone

Source: Iverty

Added: Oct 30 Changed: Nov 1 Last Checked: Nov 1 at 2:49AM

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Investment Insights

Based on property information with market context.

This mixed-use property combines a county store with an updated interior, a modern kitchen, and a dining room. The sale includes the store equipment and a liquor license. A remodeled two-bedroom apartment occupies the second floor, creating a separate residential component within the building.

Built in 1850, the property is located at 98 Main St in Blandford, Massachusetts. The store retains country-style character alongside its updates.

Key Highlights

• Store equipment and liquor license included
• Remodeled two‑bedroom apartment on the second floor
• Updated store with modern kitchen and dining room

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,396

Cap Rate

5.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$607,920 $607.9K

Cap Rate 7%

$434,229 $434.2K

Cap Rate 9%

$337,733 $337.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,850 SF

Gross rent

$44.4K $24.00/SF

− Vacancy

−$977 −$0.53/SF

EGI

$43.4K $23.47/SF

− OpEx

−$13.0K −$7.04/SF

NOI

$30.4K $16.43/SF

Area

Hampden County, MA

Vacancy

2.20%

Lease Rate

$24.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$607,920

Cap Rate 7%

$434,229

Cap Rate 9%

$337,733

Alternative Uses

Best Use

Retail

$434.2K

$380.0K – $506.6K (±1% cap)

NOI $30,396 @ 7.0% cap · market cap 5.53%

Second Best

Specialty Retail

$341.8K

$299.1K – $398.8K (±1% cap)

NOI $23,926 @ 7.0% cap · market cap 4.35%

Theoretical Best

Office A

$1.14M

$997.7K – $1.33M (±1% cap)

NOI $79,813 @ 7.0% cap · market cap 14.51%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Blandford Country Store Department Store

Suggested Use

Top Pick Plumbing Service Auto Parts Store Kitchen & Bath Showroom Veterinary Clinic Accounting Firm Department Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Yes

Liquor license

Location Intelligence

Trade Area within ½ mile

35

Businesses Nearby

Explore this area Business Placement

Demographics for 01008, MA

1,317

Population

655

Households

2

Avg Household Size

49

Median Age

29%

College-Educated

96%

High-School Grad

61.2 sq mi

ZIP Area

22

Density / Sq Mi

$90,625

Median Household Income

$55,795

Median Earnings

$954

Median Rent

$279,500

Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019

7.1% 2020

6.5% 2021

6% 2022

5.7% 2023

5.6% 2024

6% 2025

Frequently Asked Questions

What type of property is this?

Mixed-use property - The commercial space includes a modern kitchen, dining area, and equipment, with a remodeled two-bedroom residence above.

Where is this mixed-use property located?

The property is located at 98 Main St Blandford, MA.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: Store equipment and liquor license included; Remodeled two‑bedroom apartment on the second floor; Updated store with modern kitchen and dining room