Framingham Commercial Building For
861 Edgell Road Framingham, MA 01701
861 Edgell Road, Framingham, MA, 01701
$3,199,000
For Sale
$3,199,000
16,535 SF mixed-use building on 1.04 acres.
Property Size16,535 SF
Lot Size1.04 Acres
Price / SF$193.47
Days on Market89
Property Features for 861 Edgell Road
General Information
- Standard status
- Active
- Size
- 16,535 SF
- Lot size
- 1.04 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1974
Listing agency
eXp Realty LLC - Corporate Office
(617) 710-0929
Listed by
The Prosperity Group
(617) 710-0929
Source
Liongatere
Added: Apr 25 Updated: Jul 10 at 1:17PM Checked: Jul 19 at 5:20AM
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 eXp Realty LLC - Corporate Office
Investment Insights
Based on property information with market context.
The property at 861 Edgell Road in Framingham, Massachusetts, presents an opportunity to acquire a 16,535 square foot commercial building situated on 1.04 acres. This mixed-use property features a combination of retail and office spaces, offering flexible layouts suitable for various tenants or an owner-user. The building benefits from ample on-site parking and excellent visibility along a well-traveled corridor. Located in the heart of MetroWest, the property provides convenient access to Route 9, I-90 (Mass Pike), and I-495. Framingham is a regional hub for employment, education, and retail, attracting demand from businesses and consumers. This property is positioned as a multi-use asset with scale, parking, and strong visibility in a submarket west of Boston.
Key Highlights
- 16,535 sq ft commercial building on 1.04 acres in Framingham, MA
- Versatile mix of retail and office space
- Ample on‑site parking
Local Financial Insights For Mixed Use
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 | $496.1k | $30.00 |
| − Vacancy | −$59.5k | −$3.60 |
| EGI | $436.5k | $26.40 |
| − OpEx | −$163.7k | −$9.90 |
| NOI | $272.8k | $16.50 |
16,535 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$7.50M
$6.56M – $8.74M
NOI $524,662 @ 7.0% cap · market cap 16.40%
Second Best
Mixed Use
$3.90M
$3.41M – $4.55M
NOI $272,828 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$9.79M
$8.57M – $11.42M
NOI $685,206 @ 7.0% cap · market cap 21.42%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Ellesentrix Hair Design
Hair Salon
Gianni's Pizza & Sub's ...
Restaurant
Baystate Sports Cards ...
(Bike/Boat/Book/etc) Store
Anubhava School Of Music
Vocational School
Honey Dew Donuts
Bakery
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - 16,535 SF mixed-use building on 1.04 acres.
Where is this mixed-use property located?
The property is located at 861 Edgell Road Framingham, MA.
What is the asking price?
The asking price for this property is $3,199,000.
What are key features of this property?
This property features: 16,535 sq ft commercial building on 1.04 acres in Framingham, MA; Versatile mix of retail and office space; Ample on‑site parking
