Mixed-Use Property with Retail and
New
For Sale
$2,850,000
1-3 Forge Village Road, Groton, MA 01450
The building combines commercial space for retail and office use along Forge Village Road.
Property Size14,042 SF
Price / SF$202.96
Days on Market7
Property Features for 1-3 Forge Village Road
General Information
Standard status
Active
Size
14,042 SF
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1994
Listing Agency:
Castlearch Property Advisors
Listed By:
Sabrina Magno · License #SL9508754
(617) 331-1330
Source:
Foster-healey
Added: Oct 4
Changed: Oct 10
Last Checked: Oct 9 at 11:42PM
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 Castlearch Property Advisors
Investment Insights
Based on property information with market context.
Located at 1-3 Forge Village Road in Groton, this mixed-use property brings retail and office space together across two parcels. The building was constructed in 1994.
Key Highlights
- Retail and office space in one mixed‑use property
- Two parcels at 1‑3 Forge Village Road
- Built in 1994
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$231,693
Cap Rate
8.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,633,860
$4.6M
Cap Rate 7%
$3,309,900
$3.3M
Cap Rate 9%
$2,574,367
$2.6M
Market Conditions
NOI Build-Up for 14,042 SF
Gross rent
$421.3K $30.00/SF
− Vacancy
−$50.6K −$3.60/SF
EGI
$370.7K $26.40/SF
− OpEx
−$139.0K −$9.90/SF
NOI
$231.7K $16.50/SF
Area
Middlesex County, MA
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,633,860
Cap Rate 7%
$3,309,900
Cap Rate 9%
$2,574,367
Alternative Uses
Best Use
Mixed Use
$3.31M
$2.90M – $3.86M
NOI $231,693 @ 7.0% cap · market cap 8.13%
Second Best
Retail
$2.88M
$2.52M – $3.36M
NOI $201,823 @ 7.0% cap · market cap 7.08%
Theoretical Best
Office A
$8.31M
$7.27M – $9.70M
NOI $581,897 @ 7.0% cap · market cap 20.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
69
Businesses Nearby
34k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 81%
Shops & Services 19%
Dining 1%
Shaw's Supermarket
Groceries
27,370 visits/mo
0.2 miles
Dollar Tree
Shops & Services
6,265 visits/mo
0.2 miles
Dunkin' Donuts
Dining
228 visits/mo
0.0 miles
Demographics for 01450, MA
11,298
Population
3,773
Households
3
Avg Household Size
43
Median Age
66%
College-Educated
96%
High-School Grad
32.8 sq mi
ZIP Area
344
Density / Sq Mi
$189,355
Median Household Income
$78,750
Median Earnings
$1,521
Median Rent
$673,500
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The building combines commercial space for retail and office use along Forge Village Road.
Where is this mixed-use property located?
The property is located at 1-3 Forge Village Road Groton, MA.
What is the asking price?
The asking price for this property is $2,850,000.
What are key features of this property?
This property features: Retail and office space in one mixed‑use property; Two parcels at 1‑3 Forge Village Road; Built in 1994
