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    Sherborn Office Building For Sale Title is generated by Realmo AI

    20 N Main St, Sherborn, MA

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    14,400 SF office complex in downtown Sherborn, Massachusetts.

    Type:OFFICE
    Property size:
    14,400 SF
    Lot size:
    1.13 Acres
    Price / SF:
    $354/SF
    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

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    Dean Blackey
    Dean Blackey

    Listing office R.W. Holmes Commercial Real Estate

    Listing date Dec 5, 2024

    Source Moodyscre

    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 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

    Located directly off Route 27 in downtown Sherborn, Massachusetts, 20 North Main Street is a 14,400 square foot office complex available for sale for the first time. Constructed in 1984 by Timberpeg, the building features a post and beam design. Currently used as a multi-tenant office building, its open layout allows for easy conversion to single-occupant use. Existing leases have been intentionally converted to tenancy at will, providing flexibility for potential users to occupy the entire building or lease out unused space. The property is located in the heart of downtown Sherborn.

    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
    14,400 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $6.53M
    $5.71M – $7.62M (±1% cap)
    NOI $456,918 @ 7.0% cap · market cap 8.96%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $8.52M
    $7.46M – $9.95M (±1% cap)
    NOI $596,732 @ 7.0% cap · market cap 11.70%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    R & P Lowell ... Architect Raymond James Financial ... Financial Advisor Howland Company, Inc. Construction Company Bolt & Lambert Elec ... Electrical Service Heaven On Earth Antiques ... Home Decor Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sherborn
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3685
    Latitude
    42.2451

    FAQs

    What type of property is this?
    Office building - 14,400 SF office complex in downtown Sherborn, Massachusetts.
    Where is this office building located?
    The property is located at 20 N Main St Sherborn, MA.
    What is the asking price?
    The asking price for this property is $5,100,000.
    What are key features of this property?
    This property features: 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.
    (508) 651-9019 Call to check price and availability
    More about this property
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