Two-Level Industrial Flex
For Sale
Contact for pricing
55 East St, Ware, MA 01082
Two-level industrial property with a renovated front office and loading dock plus drive-in access on Industrial-zoned land.
Property Size43,528 SF
Days on Market1193
Property Features for 55 East St
General Information
Standard status
Active
Size
43,528 SF
Property subtype
Commercial
Zoning
I
Taxes and HOA fees
Annual Taxes
$8,777
Building Details
Building Size
43,528 SF
Year Built
1870
Listing Agency:
Pioneer CRE
(413) 312-9299
Listed By:
Paul Bongiorni · License #9575704
(413) 459-0570
Source:
Churchillprop
Added: Jul 12, 2023
Changed: Oct 6
Last Checked: Oct 14 at 9:20PM
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 Pioneer CRE
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Investment Insights
Based on property information with market context.
This two-level industrial flex building includes primarily warehouse/industrial space alongside a recently renovated front office. The property offers both a loading dock and drive-in accessibility, supporting a range of operational needs. Exterior space includes ample parking and/or outdoor storage as part of the overall site.
The property is centrally located with access to Massachusetts Routes 9 and 32. It is described as convenient to downtown Ware and an easy drive to the Palmer MA Pike interchange and other surrounding Hampshire, Hampden, and Worcester County towns.
With Industrial zoning and a layout that can work for an owner-occupant or potentially multiple tenants, the building is positioned for practical industrial and flex use cases, subject to applicable approvals and requirements.
The property is centrally located with access to Massachusetts Routes 9 and 32. It is described as convenient to downtown Ware and an easy drive to the Palmer MA Pike interchange and other surrounding Hampshire, Hampden, and Worcester County towns.
With Industrial zoning and a layout that can work for an owner-occupant or potentially multiple tenants, the building is positioned for practical industrial and flex use cases, subject to applicable approvals and requirements.
Key Highlights
- Two‑level industrial property built in 1870
- Approximately 2.85 acres zoned Industrial with ample parking and/or outdoor storage space
- Primarily warehouse/industrial space plus a recently renovated front office
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$420,480
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,409,600
$8.4M
Cap Rate 7%
$6,006,857
$6.0M
Cap Rate 9%
$4,672,000
$4.7M
Market Conditions
NOI Build-Up for 43,528 SF
Gross rent
$652.9K $15.00/SF
− Vacancy
−$52.2K −$1.20/SF
EGI
$600.7K $13.80/SF
− OpEx
−$180.2K −$4.14/SF
NOI
$420.5K $9.66/SF
Area
Hampshire County, MA
Vacancy
8.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,409,600
Cap Rate 7%
$6,006,857
Cap Rate 9%
$4,672,000
Alternative Uses
Best Use
Flex RnD
$22.92M
$20.06M – $26.74M
NOI $1,604,482 @ 7.0% cap · market cap 40,112,050.00%
Second Best
Warehouse
$7.80M
$6.83M – $9.10M
NOI $546,213 @ 7.0% cap · market cap 13,655,325.00%
Theoretical Best
Office A
$26.51M
$23.19M – $30.93M
NOI $1,855,546 @ 7.0% cap · market cap 46,388,650.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
378
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01082, MA
10,565
Population
5,021
Households
2.1
Avg Household Size
44
Median Age
26%
College-Educated
92%
High-School Grad
47.0 sq mi
ZIP Area
225
Density / Sq Mi
$71,023
Median Household Income
$49,991
Median Earnings
$1,049
Median Rent
$271,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Two-level industrial property with a renovated front office and loading dock plus drive-in access on Industrial-zoned land.
Where is this flex space located?
The property is located at 55 East St Ware, MA.
What are key features of this property?
This property features: Two‑level industrial property built in 1870; Approximately 2.85 acres zoned Industrial with ample parking and/or outdoor storage space; Primarily warehouse/industrial space plus a recently renovated front office
