Adaptable Flex
For Sale
Contact for pricing
1150-1152 Main St, Leicester, MA 01524
Mixed showroom, office, warehouse, and storage areas support customer-facing operations alongside back-of-house functions.
Property Size26,585 SF
Lot Size2.30 Acres
Price / SF$0.00
Days on Market48
Property Features for 1150-1152 Main St
General Information
Standard status
Active
Size
26,585 SF
Lot size
2.30 Acres
Property subtype
Commercial
Zoning
CB
Lease Type
NNN
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,555
Building Details
Building Size
26,585 SF
Year Built
1900
Buildings
1
Listing Agency:
BA Property & Lifestyle Advisors
(508) 852-4227
Listed By:
Michael Barbera
(508) 509-8867
Source:
Churchillprop
Added: Sep 2
Changed: Oct 6
Last Checked: Oct 16 at 7:12AM
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 BA Property & Lifestyle Advisors
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This flex-space property includes 26,585 square feet across showroom, office, warehouse, and storage areas, along with a residential apartment component. The layout brings customer-facing functions and operational space together within one building, with limited subdivision potentially available. The building dates to 1900 and is zoned CB.
Positioned along Route 9 at 1150-1152 Main St in Leicester, the property occupies 2.3 acres in the Worcester MetroWest market. More than 50 surface parking spaces and convenient ingress and egress support visitor access and day-to-day operations. The site’s configuration accommodates businesses seeking a combination of public-facing space, offices, storage, and warehousing in a single location.
Positioned along Route 9 at 1150-1152 Main St in Leicester, the property occupies 2.3 acres in the Worcester MetroWest market. More than 50 surface parking spaces and convenient ingress and egress support visitor access and day-to-day operations. The site’s configuration accommodates businesses seeking a combination of public-facing space, offices, storage, and warehousing in a single location.
Key Highlights
- 26,585‑square‑foot building with showroom, office, warehouse, and storage areas
- Residential apartment component included within the building
- 2.3 Acres along Route 9 at 1150‑1152 Main St
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$242,686
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,853,720
$4.9M
Cap Rate 7%
$3,466,943
$3.5M
Cap Rate 9%
$2,696,511
$2.7M
Market Conditions
NOI Build-Up for 26,585 SF
Gross rent
$366.9K $13.80/SF
− Vacancy
−$20.2K −$0.76/SF
EGI
$346.7K $13.04/SF
− OpEx
−$104.0K −$3.91/SF
NOI
$242.7K $9.13/SF
Area
Worcester County, MA
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,853,720
Cap Rate 7%
$3,466,943
Cap Rate 9%
$2,696,511
Alternative Uses
Best Use
Office B
$6.92M
$6.06M – $8.08M
NOI $484,512 @ 7.0% cap · market cap 8,075,200.00%
Second Best
Retail
$5.62M
$4.91M – $6.55M
NOI $393,122 @ 7.0% cap · market cap 6,552,033.33%
Theoretical Best
Office A
$9.08M
$7.94M – $10.59M
NOI $635,488 @ 7.0% cap · market cap 10,591,466.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
182
Businesses Nearby
Balanced
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Mixed showroom, office, warehouse, and storage areas support customer-facing operations alongside back-of-house functions.
Where is this flex space located?
The property is located at 1150-1152 Main St Leicester, MA.
What are key features of this property?
This property features: 26,585‑square‑foot building with showroom, office, warehouse, and storage areas; Residential apartment component included within the building; 2.3 Acres along Route 9 at 1150‑1152 Main St
