Single-Story Office
For Sale
Contact for pricing
10 Strathmore Rd, Natick, MA 01760
Office and R&D facilities positioned within Natick Business Park, near restaurants, lodging, daycare, and key transportation routes.
Property Size7,600 SF
Lot Size0.92 Acres
Price / SF$361.84
Days on Market10
Property Features for 10 Strathmore Rd
General Information
Standard status
Active
Size
7,600 SF
Lot size
0.92 Acres
Property subtype
INDUSTRIAL
Additional Details
Highway Access
Yes
Building Details
Buildings
1
Stories
1
Building Size
7,600 SF
Listing Agency:
R.W. Holmes Commercial Real Estate
(508) 651-9022
Listed By:
Craig Johnston · License #MA 9010879-RE-B
Source:
Moodyscre
Added: Jul 31
Changed: Aug 3
Last Checked: Aug 8 at 4:41AM
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 R.W. Holmes Commercial Real Estate
Investment Insights
Based on property information with market context.
This 7,600 SF single-level office and R&D property occupies .92 acres at 10 Strathmore Road in Natick, Massachusetts. The building’s configuration supports office-oriented operations alongside research and development functions, while its placement within Natick Business Park provides a business-focused setting.
Restaurants, hotels, daycare, and other amenities are accessible on foot. Regional connectivity is supported by proximity to the Mass. Pike, I-95, and Route 9, each located within minutes of the property.
Restaurants, hotels, daycare, and other amenities are accessible on foot. Regional connectivity is supported by proximity to the Mass. Pike, I-95, and Route 9, each located within minutes of the property.
Key Highlights
- 7,600 SF single‑story office/R&D building
- .92‑acre property in Natick Business Park
- Walking distance to restaurants, hotels, daycare, and other amenities
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$241,151
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.77%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,823,020
$4.8M
Cap Rate 7%
$3,445,014
$3.4M
Cap Rate 9%
$2,679,456
$2.7M
Market Conditions
NOI Build-Up for 7,600 SF
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.
Gross rent
$412.2K $54.24/SF
− Vacancy
−$90.7K −$11.93/SF
EGI
$321.5K $42.31/SF
− OpEx
−$80.4K −$10.58/SF
NOI
$241.2K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$4,823,020
Cap Rate 7%
$3,445,014
Cap Rate 9%
$2,679,456
Alternative Uses
Best Use
Office B
$3.45M
$3.01M – $4.02M
NOI $241,151 @ 7.0% cap · market cap 8.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.50M
$3.94M – $5.25M
NOI $314,942 @ 7.0% cap · market cap 11.45%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 01760, MA
36,659
Population
15,838
Households
2.3
Avg Household Size
42
Median Age
69%
College-Educated
98%
High-School Grad
14.8 sq mi
ZIP Area
2,477
Density / Sq Mi
$134,644
Median Household Income
$77,632
Median Earnings
$2,061
Median Rent
$740,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office and R&D facilities positioned within Natick Business Park, near restaurants, lodging, daycare, and key transportation routes.
Where is this office building located?
The property is located at 10 Strathmore Rd Natick, MA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 7,600 SF single‑story office/R&D building; .92‑acre property in Natick Business Park; Walking distance to restaurants, hotels, daycare, and other amenities
