B-347 W Grove St Middleboro, MA
Two-unit half-duplex with first-floor office and upstairs space, separate entrance, GU zoning, and Route 28 frontage.
- Added:
- Feb 19, 2026
- Days on Market:
- 145
- Last Refresh:
- Jul 11 at 3:10 am
Property Features for B-347 W Grove St
General Information
- Standard status
- Active
- Size
- 1,721 SF
Listing office Cape Landing Real Estate (508) 208-1159
Listing date Feb 19, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
The property is located approximately 1.1 miles from the new Middleboro T Station and benefits from busy Route 28 frontage for visibility and convenient access. Improvements noted include an LED sign rebuilt in 2022, a fully re-shingled roof from October 2018, and a new septic system installed in September 2019. Zoned GU, the entire building is available for purchase or lease.
The combination of two separate levels, a separate upstairs entrance, and recent property upgrades supports flexible occupancy or mixed-use configuration within one asset.
Key Highlights
- Spacious two‑story commercial half‑duplex with 2 units and 1,700+ sq. ft. of versatile space
- First floor offers 1,000+ sq. ft. of office/commercial space; upstairs adds 600+ sq. ft. with a separate entrance
- Busy Route 28 frontage with prime visibility and easy access
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.9k | $16.80 |
| − Vacancy | −$2.3k | −$1.34 |
| EGI | $26.6k | $15.46 |
| − OpEx | −$10.0k | −$5.80 |
| NOI | $16.6k | $9.66 |