Office Suite with Two
120 Quarry Drive Suite B, Milford, MA 01757
For Sale
Contact for pricing
Second-floor workspace includes a dedicated storage area between the private offices.
Property Size360 SF
Price / SF$2.78
Days on Market15
Property Features for 120 Quarry Drive Suite B
General Information
Standard status
Size
Additional Details
Floor
Highway Access
Office Units
Property Use
Building Details
Year Built
Listing Agency:
Lamacchia Realty, Inc.
(508) 458-6158
Listed By:
Lioce Properties Group
(508) 422-9750
Source:
Lockandkeyre
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 10 at 7:41AM
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 Lamacchia Realty, Inc.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor office suite provides approximately 360 square feet, arranged as two private offices with a storage area positioned between them. The building dates to 1988, and the suite includes on-site parking.
The property is just over one mile from two I-495 exits and is also accessible from Routes 16, 109, and 85.
The property is just over one mile from two I-495 exits and is also accessible from Routes 16, 109, and 85.
Key Highlights
- Approximately 360 square feet on the second floor
- Two private offices with an intervening storage area
- Just over one mile from two I‑495 exits
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,561
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,220
$131.2K
Cap Rate 7%
$93,729
$93.7K
Cap Rate 9%
$72,900
$72.9K
Market Conditions
NOI Build-Up for 360 SF
Gross rent
$10.8K $30.00/SF
− Vacancy
−$2.1K −$5.70/SF
EGI
$8.7K $24.30/SF
− OpEx
−$2.2K −$6.08/SF
NOI
$6.6K $18.23/SF
Area
Worcester County, MA
Vacancy
19.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$131,220
Cap Rate 7%
$93,729
Cap Rate 9%
$72,900
Alternative Uses
Best Use
Office B
$93.7K
$82.0K – $109.4K
NOI $6,561 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$122.9K
$107.6K – $143.4K
NOI $8,605 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
755
Businesses Nearby
Explore this area
Business Placement
Demographics for 01757, MA
30,479
Population
11,833
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
87%
High-School Grad
15.1 sq mi
ZIP Area
2,018
Density / Sq Mi
$92,951
Median Household Income
$47,975
Median Earnings
$1,702
Median Rent
$444,100
Median Home Value
Market
Average Price Trend$/SF for Office Units in Worcester County, MA
Properties on Market for Office Units in Worcester County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Second-floor workspace includes a dedicated storage area between the private offices.
Where is this office unit located?
The property is located at 120 Quarry Drive Suite B Milford, MA.
What are key features of this property?
This property features: Approximately 360 square feet on the second floor; Two private offices with an intervening storage area; Just over one mile from two I‑495 exits
