71-73 Tpke Rd, Southborough, MA
Two standalone buildings with high-visibility signage on Route 9.
- Added:
- Oct 11, 2023
- Days on Market:
- 979
- Last Refresh:
- May 20 at 8:56 pm
Property Features for 71-73 Tpke Rd
General Information
- Standard status
- Active
- Size
- 3,148 SF
- Lot size
- 0.34 Acres
- Property subtype
- OFFICE
Listing agent Peter Gordon License #MA9538444 (508) 245-9732
Listing office Gordon Real Estate (508) 370-3333
Listing date Oct 11, 2023
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 Gordon Real Estate
HighLights
- High‑visibility location on Route 9 with two curb cuts and prominent signage.
- Two standalone buildings offering flexibility for separate or combined use.
- Zoning (BV – Business Village District) allows for diverse uses including office, retail, residential, clinic, and school.
- Excellent, move‑in ready condition suitable for immediate occupancy or tenant leasing.
- Conveniently located near Mass Pike Exit and Route 495.
- Opportunity for owner‑user to occupy one or both buildings and lease the remaining portion.
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 | $94.4k | $30.00 |
| − Vacancy | −$17.9k | −$5.70 |
| EGI | $76.5k | $24.30 |
| − OpEx | −$19.1k | −$6.08 |
| NOI | $57.4k | $18.23 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Southborough
- County
- Worcester
- State
- Massachusetts
- Longitude
- -71.5052
- Latitude
- 42.295