20 N Main St, Sherborn, MA
14,400 SF office complex in downtown Sherborn, Massachusetts.
- Added:
- Dec 5, 2024
- Days on Market:
- 569
- Last Refresh:
- May 20 at 9:25 pm
Property Features for 20 N Main St
General Information
- Standard status
- Active
- Size
- 14,400 SF
- Lot size
- 1.13 Acres
- Property subtype
- OFFICE
Listing office R.W. Holmes Commercial Real Estate (508) 651-9019
Listing date Dec 5, 2024
Source Moodyscre
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All listing content including descriptions, pricing, images are the copyrighted material of R.W. Holmes Commercial Real Estate
HighLights
- Prime location in the heart of downtown Sherborn, directly off Route 27.
- 14,400 SF office complex with potential for single or multi‑tenant use.
- Unique open layout allows for flexible space utilization and easy conversion.
- Custom‑built in 1984 by renowned Post and Beam craftsman Timberpeg.
- Existing leases are TAW (Tenancy at Will), offering flexibility for new owners.
- First time on the market, representing a unique opportunity.
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $781.1k | $54.24 |
| − Vacancy | −$171.8k | −$11.93 |
| EGI | $609.2k | $42.31 |
| − OpEx | −$152.3k | −$10.58 |
| NOI | $456.9k | $31.73 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sherborn
- County
- Middlesex
- State
- Massachusetts
- Longitude
- -71.3685
- Latitude
- 42.2451