Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15 University Rd Canton, MA 02021

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Flex/warehouse space available for sublease in Canton, Massachusetts.

    Property size:
    53,138 SF
    Lot size:
    53,138 SF

    Property Features for 15 University Rd

    General Information

    Standard status
    Active
    Size
    53,138 SF

    We can help!

    Listing Contact
    Steve Clancy
    Source: Cbre

    Listing Agent: Steve Clancy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Canton Flex/Warehouse Space Available

    Located approximately 30 minutes south of Boston in Canton, Massachusetts, the property at 15-21 University Road offers flex/warehouse space for sublease. The available space ranges from approximately 23,876 to 53,138 square feet within a 105,000 square foot building. The building is positioned in a location with access to nearby amenities and proximity to public transportation, as well as Interstates 93 and 95. Two contiguous suites are available, and there is an option to sublease one or both.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Prodrive Technologies Inc. Factory

    Suggested Use

    Restaurant Real Estate Agency Law Firm Dental Office Spa & Massage Center Building Supply Auto Repair Shop Big Box & Wholesale Store Hair Salon Auto Parts Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Radford Warehouse, WayForth (Boston South)

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1561477
    Latitude
    42.1943193

    Nearby Similar for Lease

    • Contact for pricing

      MA, Canton - Turnpike Street

      Discover many ways to work your way in Highland Pointe
      437 Turnpike St, Canton, MA 02021
      View Details
    • $4,100 /Mo
      3,493 SF

      Versatile Flex Space in Canton

      3,500 SF commercial flex space in prime location.
      401 Neponset St, Canton, MA 02021
      View Details
    • Contact for pricing

      Industrial Units in Canton, MA

      Two industrial units available for sublease near I-93.
      956 Turnpike St, Canton, MA 02021
      View Details
    • $13 SF/Yr
      8,200 SF

      Canton Warehouse with Office Space

      8,200 SF warehouse with office space for lease.
      602-607 Neponset St, Canton, MA 02021
      View Details
    • $14 SF/Yr
      1,900 SF

      Office/Flex Space Available For Rent

      Office/Flex space featuring multiple offices, conference room, and kitchenette.
      609-611 Neponset St, Canton, MA 02021
      View Details
    • $16 SF/Yr
      100,000 SF

      Canton Warehouse Space Available

      100,000 square foot warehouse space for lease.
      5 Dan Rd, Canton, MA 02021
      View Details
    • New
      Contact for pricing

      Professional Corner Office Unit

      Second floor office unit with utilities included.
      345R Neponset St, Canton, MA 02021
      View Details
    • Contact for pricing
      6,100 SF

      Canton Office Space For Rent

      5,184 SF office space with loading access available for rent.
      500 Turnpike St, Canton, MA 02021
      View Details
    • Contact for pricing
      49,500 SF

      Turnpike Office Space For Lease

      Office space available for lease on the second floor.
      500 Turnpike St, Canton, MA 02021
      View Details
    • $19 SF/Yr
      18,435 SF

      Canton Flex Space Available Now

      Flex space with air conditioning, docks, and immediate occupancy.
      90 Hudson Rd, Canton, MA 02021
      View Details
    • Contact for pricing

      Warehouse Space with Loading Docks

      Warehouse space available with loading docks, near major routes.
      348 Turnpike St, Canton, MA 02021
      View Details
    • Contact for pricing

      Canton Office Space For Rent

      First-floor office unit in accessible Canton location.
      960 Turnpike St, Canton, MA 02021
      View Details

    FAQs

    What type of property is this?
    Warehouse - Flex/warehouse space available for sublease in Canton, Massachusetts.
    Where is this warehouse located?
    The property is located at 15 University Rd Canton, MA.
    What are key features of this property?
    This property features: - Prime location just 30 minutes south of Boston.; - Available space: a functional flex/warehouse building offering ±23,876-53,138 SF.; - Highly functional flex/warehouse building.
    Request Owner's contact information
    15 University Rd Canton, MA 02021
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    15 University Rd
    Canton, MA 02021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    15 University Rd Canton, MA 02021
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Steve Clancy
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!