Concord R&D Building For
For Sale
$2,250,000
61 Domino Drive, Concord, MA 01742
10,000 SF R&D building in Concord, ready for customization.
Property Size10,000 SF
Price / SF$225
Days on Market536
Property Features for 61 Domino Drive
General Information
Standard status
Active
Size
10,000 SF
Taxes and HOA fees
Annual Taxes
$17,839
Building Details
Year Built
1979
Listing Agency:
The Attias Group, LLC
Listed By:
The Zur Attias Team
Source:
Corcoran
Added: Apr 29, 2025
Changed: Mar 16
Last Checked: Mar 16 at 9:09AM
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 The Attias Group, LLC
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Investment Insights
Based on property information with market context.
This 10,000 square foot building, zoned for research and development, is located in Concord, Massachusetts. Previously used as a Gold's Gym, the property has been recently emptied of interior demolition debris. The building features high ceilings, brick face, and cinder block construction. It includes one loading dock garage door bay and one drive-in bay that allows direct access into the warehouse. Ample parking is available. Situated at the end of a cul-de-sac in a prime location, the property presents a unique opportunity for business ownership and customization. The surrounding area includes a moving and storage facility, industrial building supplies, an embroidery shop, publishing businesses, and general office spaces, indicating a variety of potential uses. This commercial/warehouse building offers a business address in historic Concord, Massachusetts.
Key Highlights
- Zoned for Research and Development (R&D) offering versatile business opportunities.
- 10,000 sq ft of open space ready for customization** after recent debris removal.
- Prime location in Concord, MA at the end of a cul‑de‑sac with ample parking.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$129,163
Cap Rate
5.74%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,583,260
$2.6M
Cap Rate 7%
$1,845,186
$1.8M
Cap Rate 9%
$1,435,144
$1.4M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$160.8K $16.08/SF
− Vacancy
−$8.8K −$0.88/SF
EGI
$152.0K $15.20/SF
− OpEx
−$22.8K −$2.28/SF
NOI
$129.2K $12.92/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,583,260
Cap Rate 7%
$1,845,186
Cap Rate 9%
$1,435,144
Alternative Uses
Best Use
Warehouse
$1.85M
$1.61M – $2.15M
NOI $129,163 @ 7.0% cap · market cap 5.74%
Second Best
Industrial
$1.52M
$1.33M – $1.77M
NOI $106,369 @ 7.0% cap · market cap 4.73%
Theoretical Best
Office A
$5.92M
$5.18M – $6.91M
NOI $414,397 @ 7.0% cap · market cap 18.42%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 01742, MA
18,545
Population
6,659
Households
2.8
Avg Household Size
47
Median Age
79%
College-Educated
96%
High-School Grad
24.1 sq mi
ZIP Area
770
Density / Sq Mi
$211,435
Median Household Income
$112,975
Median Earnings
$2,471
Median Rent
$1,139,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Somerville Guardian Moving
- Waddell Moving Company — 868 W Boylston St, Worcester, MA 01606
- Viking Moving Services, Inc. — 55 Domino Dr, Concord, MA 01742
- VODS — 55 Domino Dr, Concord, MA 01742
Frequently Asked Questions
What type of property is this?
Warehouse - 10,000 SF R&D building in Concord, ready for customization.
Where is this warehouse located?
The property is located at 61 Domino Drive Concord, MA.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Zoned for Research and Development (R&D) offering versatile business opportunities.; 10,000 sq ft of open space ready for customization** after recent debris removal.; Prime location in Concord, MA at the end of a cul‑de‑sac with ample parking.
