Mixed-Use Commercial Condo
For Sale
$375,000
Pending
C-1391 Main St, Walpole, MA 02081
First-floor commercial space in a mixed-use property with dedicated upper condominium parking and ample onsite parking.
Property Size2,000 SF
Days on Market644
Property Features for C-1391 Main St
General Information
Standard status
Pending
Size
2,000 SF
Total Parking Spaces
23
Building Details
Stories
3
Listing Agency:
StartPoint Realty
(978) 422-3999
Listed By:
Steve Cunningham
(508) 801-6858
Source:
Exprealty
Added: Jan 15, 2025
Changed: Oct 2
Last Checked: Oct 21 at 2:00AM
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 StartPoint Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This listing offers first-floor commercial condo space within a mixed-use property that also includes luxury condominiums on two upper floors. The builder will subdivide the space to suit the buyer, and buyer is responsible for buildout.
The property is positioned for exposure to Main Street traffic flow and provides ample parking, with 23+ spaces available and additional parking potentially possible depending on the business. The upper condominium units have separate parking.
The space is described as well-suited for uses such as a convenience store, office space, accountants and lawyers, and retail.
The property is positioned for exposure to Main Street traffic flow and provides ample parking, with 23+ spaces available and additional parking potentially possible depending on the business. The upper condominium units have separate parking.
The space is described as well-suited for uses such as a convenience store, office space, accountants and lawyers, and retail.
Key Highlights
- First‑floor commercial space in a mixed‑use property with luxury condominiums on two floors above
- 8500 SF total commercial space available; listing is for 2000 SF (buyer responsible for buildout)
- Offered for sale or lease at $170/SF, with 2000 SF included in the listing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,035
Cap Rate
9.08%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,700
$680.7K
Cap Rate 7%
$486,214
$486.2K
Cap Rate 9%
$378,167
$378.2K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$49.9K $24.96/SF
− Vacancy
−$1.3K −$0.65/SF
EGI
$48.6K $24.31/SF
− OpEx
−$14.6K −$7.29/SF
NOI
$34.0K $17.02/SF
Area
Norfolk County, MA
Vacancy
2.60%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$680,700
Cap Rate 7%
$486,214
Cap Rate 9%
$378,167
Alternative Uses
Best Use
Office B
$627.0K
$548.6K – $731.5K
NOI $43,888 @ 7.0% cap · market cap 11.70%
Second Best
Retail
$486.2K
$425.4K – $567.3K
NOI $34,035 @ 7.0% cap · market cap 9.08%
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 22.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
316
Businesses Nearby
Explore this area
Business Placement
Demographics for 02081, MA
20,584
Population
7,663
Households
2.7
Avg Household Size
43
Median Age
61%
College-Educated
97%
High-School Grad
17.7 sq mi
ZIP Area
1,163
Density / Sq Mi
$150,233
Median Household Income
$75,808
Median Earnings
$1,980
Median Rent
$647,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - First-floor commercial space in a mixed-use property with dedicated upper condominium parking and ample onsite parking.
Where is this mixed-use property located?
The property is located at C-1391 Main St Walpole, MA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: First‑floor commercial space in a mixed‑use property with luxury condominiums on two floors above; 8500 SF total commercial space available; listing is for 2000 SF (buyer responsible for buildout); Offered for sale or lease at $170/SF, with 2000 SF included in the listing
