Mixed-Use Commercial Condo
C-1391 Main St Walpole, MA 02081
C-1391 Main St, Walpole, MA, 02081
$375,000
Pending
For Sale
$375,000
Pending
First-floor commercial space in a mixed-use property with dedicated upper condominium parking and ample onsite parking.
Property Size2,000 SF
Days on Market553
Property Features for C-1391 Main St
General Information
- Standard status
- Pending
- Size
- 2,000 SF
Listing agency
StartPoint Realty
(508) 801-6858
Listed by
Steve Cunningham
(508) 801-6858
Source
Exprealty
Added: Jan 15, 2025 Updated: Jul 22 at 5:36AM Checked: Jul 22 at 5:36AM
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
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
Local Financial Insights For Retail
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 | $49.9k | $24.96 |
| − Vacancy | −$1.3k | −$0.65 |
| EGI | $48.6k | $24.31 |
| − OpEx | −$14.6k | −$7.29 |
| NOI | $34.0k | $17.02 |
2,000 SF · lease $24.96/SF/yr · vacancy 2.60% · expense 30.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
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
