First-Floor Office
1078 Main Street, Leicester, MA 01524
For Sale
Contact for pricing
An open-plan workspace combines hardwood flooring with abundant natural light.
Property Size1,200 SF
Price / SF$1.67
Days on Market51
Property Features for 1078 Main Street
General Information
Standard status
Size
Total Parking Spaces
Additional Details
Floor
Building Details
Year Built
Listing Agency:
New England Real Estate Services
Listed By:
Patricia Grant
(617) 543-1301
Source:
Lockandkeyre
Added: Sep 21
Changed: Nov 8
Last Checked: Nov 10 at 8:17AM
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 New England Real Estate Services
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Investment Insights
Based on property information with market context.
This first-floor office suite offers 1,200 square feet arranged in an open plan, with hardwood floors, 10-foot ceilings, and natural light. The professional space is located at 1078 Main Street in Leicester, along Route 9, about five minutes from Worcester.
Eight dedicated parking spaces are available on site for staff and visitors.
Eight dedicated parking spaces are available on site for staff and visitors.
Key Highlights
- 1,200 square feet on the first floor
- Open‑plan layout with hardwood flooring and 10‑foot ceilings
- Eight dedicated on‑site parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,870
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,400
$437.4K
Cap Rate 7%
$312,429
$312.4K
Cap Rate 9%
$243,000
$243.0K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$36.0K $30.00/SF
− Vacancy
−$6.8K −$5.70/SF
EGI
$29.2K $24.30/SF
− OpEx
−$7.3K −$6.08/SF
NOI
$21.9K $18.23/SF
Area
Worcester County, MA
Vacancy
19.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,400
Cap Rate 7%
$312,429
Cap Rate 9%
$243,000
Alternative Uses
Best Use
Office B
$312.4K
$273.4K – $364.5K
NOI $21,870 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$409.8K
$358.6K – $478.1K
NOI $28,685 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
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Business Placement
Demographics for 01524, MA
6,621
Population
2,448
Households
2.7
Avg Household Size
43
Median Age
31%
College-Educated
91%
High-School Grad
15.9 sq mi
ZIP Area
416
Density / Sq Mi
$93,191
Median Household Income
$52,881
Median Earnings
$1,055
Median Rent
$390,800
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Worcester County, MA
Properties on Market for Office Units in Worcester County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - An open-plan workspace combines hardwood flooring with abundant natural light.
Where is this office unit located?
The property is located at 1078 Main Street Leicester, MA.
What are key features of this property?
This property features: 1,200 square feet on the first floor; Open‑plan layout with hardwood flooring and 10‑foot ceilings; Eight dedicated on‑site parking spaces
