Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    370 Main St Sharon, MA 02067
    Back to Search
    Property profile & analytics

    370 Main St Sharon, MA 02067

    View on Map
    • Investment properties
    • 0.23 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Investment properties

    Property Details for 370 Main St

    Year built
    2019
    Lot size
    0.23 lot acres
    Property type
    Investment properties

    Description

    This exceptional business opportunity presents a fully equipped restaurant space located at 370 S Main St, Sharon, MA, within a bustling strip mall. The 1195 square foot interior offers ample seating for dining, with a dedicated bar area and a separate room ideal for private events or expanded seating. Currently configured for 38 patrons, the seating capacity holds potential for increase by utilizing the additional room. A valuable full liquor license is included in the sale. A full basement provides substantial storage space for equipment and supplies. The property sits on a 0.23-acre lot. The current monthly lease is approximately $3675, inclusive of taxes. The landlord is open to negotiating a new lease with a prospective buyer. The restaurant recently reopened as a sports bar, offering a turnkey operation for a new owner. Convenient showings are available Monday through Friday. Priced at $75,000, this presents a compelling investment opportunity in a prime location with high foot traffic. The existing infrastructure and permits streamline the transition for a new business owner. This is a rare chance to acquire a well-established restaurant with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sharon
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1984
    Latitude
    42.1077

    Comparable in this City

    • Value Estimation
      $1,355,000
      13,284 SF

      59 Pond St

      OFFICE/RESIDENTIAL (MIXED USE) • 13,284 SF
      59 Pond St, Sharon, MA 02067-2046
      View Details
    • Value Estimation by Request
      1,724 SF

      71st Glendale Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,724 SF
      71st Glendale Rd, Sharon, MA 02067-1429
      View Details
    • Value Estimation by Request
      2,300 SF

      62-64 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,300 SF
      62-64 Main St, Sharon, MA 02067
      View Details
    • Value Estimation
      $1,895,000
      19,375 SF

      47 Pond St

      OFFICE/RESIDENTIAL (MIXED USE) • 19,375 SF
      47 Pond St, Sharon, MA 02067-2051
      View Details
    • Value Estimation
      $500,000
      2,962 SF

      355 Bay Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 2,962 SF
      355 Bay Rd, Sharon, MA 02067-1367
      View Details
    • Value Estimation by Request
      2,632 SF

      640 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,632 SF
      640 Main St, Sharon, MA 02067-2825
      View Details

    Similar Nearby for Sale

    • $2,500,000

      Prime Commercial Land I-95 Frontage

      7.07-acre commercial parcel with high visibility and accessibility.
      4 General Edwards Hwy, Sharon, MA 02067
      View Details
    • Contact for pricing

      Downtown Sharon Investment Opportunity

      Fully leased commercial property in a high-visibility downtown location.
      10 Billings St, Sharon, MA 02067
      View Details

    Similar Nearby for Lease

    • $4,600 /Mo

      Updated Office Space Available

      Handicapped accessible office with finished basement for lease.
      46 South Main St, Sharon, MA 02067
      View Details
    • $15 SF/Yr

      Industrial Office/Flex Space Available

      Industrial office/flex space with loading dock, Route 1 access.
      6-8 Merchant St, Sharon, MA 02067
      View Details
    • Contact for pricing

      Furnished Office Space Available

      Furnished office space near major routes.
      1 Merchant St, Sharon, MA 02067
      View Details
    • $1,300 /Mo

      Versatile Commercial Space in Sharon

      Adaptable commercial space suitable for various businesses in prime location.
      10 E Chestnut St, Sharon, MA 02067
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail space available, ranging from 2,000 to 160,000 SqFt.
      144 Old Post Rd, Sharon, MA 02067
      View Details
    • Contact for pricing

      Professionally Maintained Office Space Available

      Three-room office suitable for medical, legal, or professional use.
      88 Pond St, Sharon, MA 02067
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    370 Main St
    Sharon, MA 02067
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    370 Main St, Sharon, MA, 02067
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!