Three-Unit Industrial
For Sale
Contact for pricing
124 Turnpike Street, West Bridgewater, MA 02379
Contiguous condominium units provide an established industrial configuration for manufacturing, warehousing, or distribution operations.
Property Size12,160 SF
Price / SF$197.37
Days on Market109
Property Features for 124 Turnpike Street
General Information
Standard status
Active
Size
12,160 SF
Property subtype
Office, Industrial
Zoning
Industrial
Building Details
Year Built
1989
Year Renovated
2000
Listing Agency:
Ellis Realty Advisors
Listed By:
David Ellis · License #MA 9524572
(781) 919-0800
Source:
Crexi
Added: Jun 29
Changed: Sep 30
Last Checked: Oct 14 at 10:35PM
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 Ellis Realty Advisors
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Investment Insights
Based on property information with market context.
This offering includes three adjoining condominium units within a larger industrial building, with a combined 12,160 square feet of space. The units are fully occupied and support potential manufacturing, warehousing, and distribution uses identified for the property. The building was constructed in 1989, and the condominium units were renovated in 2000.
The property is located in an Industrial-zoned area, providing a setting aligned with its warehouse and industrial configuration. As a consolidated group of occupied units, the asset combines separate condominium ownership interests with a unified physical arrangement within the larger building.
The property is located in an Industrial-zoned area, providing a setting aligned with its warehouse and industrial configuration. As a consolidated group of occupied units, the asset combines separate condominium ownership interests with a unified physical arrangement within the larger building.
Key Highlights
- Three contiguous condominium units totaling 12,160 SF
- Fully occupied industrial units
- Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$151,271
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,025,420
$3.0M
Cap Rate 7%
$2,161,014
$2.2M
Cap Rate 9%
$1,680,789
$1.7M
Market Conditions
NOI Build-Up for 12,160 SF
Gross rent
$194.1K $15.96/SF
− Vacancy
−$16.1K −$1.32/SF
EGI
$178.0K $14.64/SF
− OpEx
−$26.7K −$2.20/SF
NOI
$151.3K $12.44/SF
Area
Plymouth County, MA
Vacancy
8.30%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,025,420
Cap Rate 7%
$2,161,014
Cap Rate 9%
$1,680,789
Alternative Uses
Best Use
Warehouse
$2.16M
$1.89M – $2.52M
NOI $151,271 @ 7.0% cap · market cap 6.30%
Second Best
Industrial
$1.85M
$1.62M – $2.16M
NOI $129,345 @ 7.0% cap · market cap 5.39%
Theoretical Best
Office A
$7.20M
$6.30M – $8.40M
NOI $503,907 @ 7.0% cap · market cap 21.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
574
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02379, MA
7,697
Population
2,955
Households
2.6
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
15.3 sq mi
ZIP Area
503
Density / Sq Mi
$124,483
Median Household Income
$56,818
Median Earnings
$2,011
Median Rent
$501,000
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- FulfillX — 323 Manley St, West Bridgewater, MA 02379
- Statewide Moving & Storage — 1 Bert Dr, West Bridgewater, MA 02379
- Kilroy Brothers Moving — 244 Liberty St Ste 6A, Brockton, MA 02301
Frequently Asked Questions
What type of property is this?
Warehouse - Contiguous condominium units provide an established industrial configuration for manufacturing, warehousing, or distribution operations.
Where is this warehouse located?
The property is located at 124 Turnpike Street West Bridgewater, MA.
What is the asking price?
The asking price for this property is $2,400,000.
What are key features of this property?
This property features: Three contiguous condominium units totaling 12,160 SF; Fully occupied industrial units; Industrial zoning
