Canton Office Condo For
For Sale
$149,900
1017 Turnpike St 23, Canton, MA 02021
First-floor office condo in Canton, ideal for medical or professional use.
Property Size592 SF
Price / SF$253.21
Days on Market105
Property Features for 1017 Turnpike St 23
General Information
Standard status
Active
Size
592 SF
Property subtype
Commercial
Building Details
Year Built
1986
Listing Agency:
DMG Brokerage, LLC
(617) 895-9298
Listed By:
Jonathan Simon
(617) 895-9298
Source:
Elliman
Added: Apr 26
Changed: Jul 10
Last Checked: Aug 8 at 12:17PM
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 DMG Brokerage, LLC
Investment Insights
Based on property information with market context.
A 592 square foot first-floor office condominium is available for purchase at 1017 Turnpike Street in Canton, Massachusetts. The property is professionally managed and offers ground-level access. It is suitable for medical, professional, or service-oriented users. The suite has an efficient layout that can accommodate private offices, open work areas, or a small practice. Ample on-site parking is available. The property is located along the high-visibility Turnpike Street (Route 138) corridor, providing access to Route 95, Route 93, and nearby amenities. It is an owner-occupant or investment opportunity in a commercial location.
Key Highlights
- Convenient ground‑level access ideal for clients and staff.
- Well‑located on high‑visibility Turnpike Street (Route 138) corridor.
- Excellent access to Route 95 and Route 93.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$12,991
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$259,820
$259.8K
Cap Rate 7%
$185,586
$185.6K
Cap Rate 9%
$144,344
$144.3K
Market Conditions
NOI Build-Up for 592 SF
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.
Gross rent
$20.7K $35.04/SF
− Vacancy
−$3.4K −$5.78/SF
EGI
$17.3K $29.26/SF
− OpEx
−$4.3K −$7.31/SF
NOI
$13.0K $21.94/SF
Area
Norfolk County, MA
Vacancy
16.50%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$259,820
Cap Rate 7%
$185,586
Cap Rate 9%
$144,344
Alternative Uses
Best Use
Office B
$185.6K
$162.4K – $216.5K
NOI $12,991 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.5K
$306.7K – $408.9K
NOI $24,532 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
364
Businesses Nearby
Explore this area
Business Placement
Demographics for 02021, MA
24,370
Population
9,955
Households
2.4
Avg Household Size
43
Median Age
65%
College-Educated
97%
High-School Grad
18.7 sq mi
ZIP Area
1,303
Density / Sq Mi
$128,341
Median Household Income
$80,408
Median Earnings
$2,237
Median Rent
$665,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - First-floor office condo in Canton, ideal for medical or professional use.
Where is this office units located?
The property is located at 1017 Turnpike St 23 Canton, MA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: Convenient ground‑level access ideal for clients and staff.; Well‑located on high‑visibility Turnpike Street (Route 138) corridor.; Excellent access to Route 95 and Route 93.
