Manufacturing-Zoned Freestanding
132 Charles St Aub Newton, MA 02466
132 Charles St Aub, Newton, MA, 02466
$4,950,000
For Sale
$4,950,000
Freestanding manufacturing-zoned office building with extensive updates and ample on-site parking.
Property Size20,000 SF
Lot Size0.64 Acres
Price / SF$247.50
Days on Market90
Property Features for 132 Charles St Aub
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Lot size
- 0.64 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1927
Listing agency
CRG Commercial
(617) 212-8104
Listed by
Thomas Slayton
(617) 212-8104
Source
Aucoinryanrealty
Added: Apr 23 Updated: Jul 20 at 4:34PM Checked: Jul 20 at 4:34PM
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 CRG Commercial
Investment Insights
Based on property information with market context.
Freestanding office building offering manufacturing zoning and a dedicated site with tons of available parking. The property sits on a lot of approximately 28,000+ SF and includes a building of approximately 20,000 SF. Several systems have been updated, including an industry-scale air exchange system and bio hood with vent, new HVAC units, new boilers, and a new electrical panel for 1000 VAC. The building also includes a fire alarm system and a wheelchair-access ramp.
The property is currently owned by a bio/lab company. It is located less than a mile from Route 128 and the Mass Pike, supporting convenient access to major transportation routes.
The offering is for sale and may be combined with an adjacent three-family property that is also zoned manufacturing, which would add approximately 8,960 SF of land.
The property is currently owned by a bio/lab company. It is located less than a mile from Route 128 and the Mass Pike, supporting convenient access to major transportation routes.
The offering is for sale and may be combined with an adjacent three-family property that is also zoned manufacturing, which would add approximately 8,960 SF of land.
Key Highlights
- Free‑standing office building on a 28,000+ SF lot, approximately 20,000 SF, built in 1927 and zoned for manufacturing
- Ample on‑site parking and easy access to major transportation routes, including RT 128 and the Mass Pike (less than a mile)
- Major mechanical upgrades include an industry‑scale air exchange system, bio hood with vent, new A/C units, and new boilers
Local 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 | $321.6k | $16.08 |
| − Vacancy | −$17.7k | −$0.88 |
| EGI | $303.9k | $15.20 |
| − OpEx | −$91.2k | −$4.56 |
| NOI | $212.7k | $10.64 |
20,000 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Office B
$9.07M
$7.93M – $10.58M
NOI $634,608 @ 7.0% cap · market cap 12.82%
Second Best
Industrial
$3.04M
$2.66M – $3.55M
NOI $212,738 @ 7.0% cap · market cap 4.30%
Theoretical Best
Office A
$11.84M
$10.36M – $13.81M
NOI $828,795 @ 7.0% cap · market cap 16.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Vali Bros Transportation ...
Limousine Service
Jay Penni Photography
Photography Service
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FAQs
What type of property is this?
Manufacturing property - Freestanding manufacturing-zoned office building with extensive updates and ample on-site parking.
Where is this manufacturing property located?
The property is located at 132 Charles St Aub Newton, MA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: Free‑standing office building on a 28,000+ SF lot, approximately 20,000 SF, built in 1927 and zoned for manufacturing; Ample on‑site parking and easy access to major transportation routes, including RT 128 and the Mass Pike (less than a mile); Major mechanical upgrades include an industry‑scale air exchange system, bio hood with vent, new A/C units, and new boilers
