Multi-Building Residential and Office
926 Old Turnpike Road Oakham, MA 01068
926 Old Turnpike Road, Oakham, MA, 01068
$1,175,000
For Sale
$1,175,000
Compound includes a Cape-style home with pool, a multi-story commercial office building, and an additional home on 7 acres.
Property Size5,446 SF
Lot Size7.00 Acres
Price / SF$215.75
Days on Market678
Property Features for 926 Old Turnpike Road
General Information
- Standard status
- Active
- Size
- 5,446 SF
- Lot size
- 7.00 Acres
- Property subtype
- Multi-family / 3 Family
Building Details
- Year Built
- 1972
Listing agency
RE/MAX Advantage 1
(508) 757-4200
Listed by
Mark Consolmagno · License #115628
(508) 757-4200
Source
Compass
Added: Sep 12, 2024 Updated: Jul 21 at 4:52AM Checked: Jul 21 at 4:52AM
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 RE/MAX Advantage 1
Investment Insights
Based on property information with market context.
This multi-building compound includes three separate structures on 7 acres. A 2,368 SF Cape-style home features three bedrooms and two full baths, plus a heated breezeway leading into a sun room overlooking a landscaped yard. There is also an updated, in-ground 24x42 heated pool, a partially finished basement with updated heating and an office, and a heated two-car garage.
An additional 1,638 SF commercial office building provides two floors of rentable space, with a kitchenette and a half bath on each floor. The building also offers expansion possibilities. The third structure is a 1,440 SF single-family home with four rooms, two bedrooms, and one bath in an open floor plan, also with expansion possibilities.
The overall property is presented as well maintained with one-family ownership.
An additional 1,638 SF commercial office building provides two floors of rentable space, with a kitchenette and a half bath on each floor. The building also offers expansion possibilities. The third structure is a 1,440 SF single-family home with four rooms, two bedrooms, and one bath in an open floor plan, also with expansion possibilities.
The overall property is presented as well maintained with one-family ownership.
Key Highlights
- 3‑building compound on 7 acres, including a 2,368 SF Cape‑style home plus a 1,638 SF commercial office building and an additional 1,440 SF home
- Cape‑style home includes 3 bedrooms, 2 full baths, 2 half baths (6 total), and a heated breezeway leading to a sunroom
- Private updated 24x42 in‑ground pool with composite deck; landscaped fenced yard and garden areas
Local Financial Insights For Office B
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 | $163.4k | $30.00 |
| − Vacancy | −$31.0k | −$5.70 |
| EGI | $132.3k | $24.30 |
| − OpEx | −$33.1k | −$6.08 |
| NOI | $99.3k | $18.23 |
5,446 SF · lease $30.00/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.42M
$1.24M – $1.65M
NOI $99,253 @ 7.0% cap · market cap 8.45%
Second Best
Multifamily LT 5
$1.05M
$920.2K – $1.23M
NOI $73,617 @ 7.0% cap · market cap 6.27%
Theoretical Best
Office A
$1.86M
$1.63M – $2.17M
NOI $130,181 @ 7.0% cap · market cap 11.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Bruce Coffin CPA, ...
Accounting Firm
FAQs
What type of property is this?
Triplex - Compound includes a Cape-style home with pool, a multi-story commercial office building, and an additional home on 7 acres.
Where is this triplex located?
The property is located at 926 Old Turnpike Road Oakham, MA.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: 3‑building compound on 7 acres, including a 2,368 SF Cape‑style home plus a 1,638 SF commercial office building and an additional 1,440 SF home; Cape‑style home includes 3 bedrooms, 2 full baths, 2 half baths (6 total), and a heated breezeway leading to a sunroom; Private updated 24x42 in‑ground pool with composite deck; landscaped fenced yard and garden areas
