Flex Building For
15 Erie Dr Natick, MA 01760
For Sale
$3,200,000
8,607 Sq. Ft. flex building available for sale.
Property Size8,607 SF
Price / SF$371.79
Days on Market90
Property Features for 15 Erie Dr
General Information
- Standard status
- Active
- Size
- 8,607 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1959
Listing Agency:
Greater Boston Commercial Properties, Inc.
(508) 925-7477
Listed By:
Bret O'brien · License #8994
(508) 925-7477
Source:
Liongatere
Added: Apr 25
Changed: Jul 10
Last Checked: Jul 23 at 7:21AM
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 Greater Boston Commercial Properties, Inc.
Investment Insights
Based on property information with market context.
An 8,607 sq. ft. flex building is available for sale.
Key Highlights
- 8,607 sq. ft. flex building
- Building for sale
- Year built: 1959
Financial Insights For Industrial
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 | $138.4k | $16.08 |
| − Vacancy | −$7.6k | −$0.88 |
| EGI | $130.8k | $15.20 |
| − OpEx | −$39.2k | −$4.56 |
| NOI | $91.6k | $10.64 |
8,607 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Industrial
$1.31M
$1.14M – $1.53M
NOI $91,552 @ 7.0% cap · market cap 2.86%
Second Best
Flex RnD
$609.8K
$533.6K – $711.4K
NOI $42,684 @ 7.0% cap · market cap 1.33%
Theoretical Best
Office A
$5.10M
$4.46M – $5.94M
NOI $356,672 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
BOSTON ROOFING
Roofing Company
Boston Panel Systems
General Contractor
FAQs
What type of property is this?
Flex space - 8,607 Sq. Ft. flex building available for sale.
Where is this flex space located?
The property is located at 15 Erie Dr Natick, MA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 8,607 sq. ft. flex building; Building for sale; Year built: 1959
