Renovated Mixed-Use
For Sale
$730,000
137 Westboro Road, Grafton, MA 01536
Mixed-use asset with two office units, finished basement, private garage, fenced yard, and parking.
Property Size4,500 SF
Price / SF$162.22
Days on Market215
Property Features for 137 Westboro Road
General Information
Standard status
Active
Size
4,500 SF
Total Parking Spaces
5
Property subtype
Multi-family / 3 Family
Zoning
OLI
Net Operating Income
$42,000
Additional Details
Public Transit
Yes
Office Units
2
Taxes and HOA fees
Annual Taxes
$10,905
Amenities
Private Sewerage, Private, 220 Volts, for Electric Dryer
No
Wood, Tile, Vinyl
1
Yes
5.0
Electric Dryer Hookup
Full, Finished
Living Room, Dining Room, Kitchen, Family Room, Laundry Room, Sunroom, Office/Den
4
4.50
5
Frame, Stone
Wood
Rain Gutters, Professional Landscaping
Building Details
Year Built
1984
Listing Agency:
Dell Realty Inc.
Listed By:
Gitania da Silva · License #9586632
(617) 629-5950
Source:
Compass
Added: Mar 17
Changed: Oct 16
Last Checked: Oct 16 at 11:25AM
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 Dell Realty Inc.
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Investment Insights
Based on property information with market context.
This mixed-use property includes two office units within a fully renovated building, along with a main house, finished basement, private garage, and fenced yard. The office areas feature hardwood flooring, full bathrooms, sink bars with granite countertops, and recently renovated tile finishes. The property also includes living, dining, kitchen, family, laundry, sunroom, and office or den areas, creating a combination of residential and commercial space. The building was constructed in 1984 and is zoned OLI.
Located near shopping centers, universities, and a train station, the property offers access to several established destinations. Exterior features include frame and stone construction, wood elements, rain gutters, professional landscaping, and ample parking.
Located near shopping centers, universities, and a train station, the property offers access to several established destinations. Exterior features include frame and stone construction, wood elements, rain gutters, professional landscaping, and ample parking.
Key Highlights
- Two office units within a mixed‑use property
- Fully renovated office areas with hardwood flooring
- Five bathrooms with recently renovated tile finishes
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$60,829
Cap Rate
8.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,580
$1.2M
Cap Rate 7%
$868,986
$869.0K
Cap Rate 9%
$675,878
$675.9K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$89.1K $19.80/SF
− Vacancy
−$2.2K −$0.49/SF
EGI
$86.9K $19.31/SF
− OpEx
−$26.1K −$5.79/SF
NOI
$60.8K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,216,580
Cap Rate 7%
$868,986
Cap Rate 9%
$675,878
Alternative Uses
Best Use
Office B
$1.17M
$1.03M – $1.37M
NOI $82,013 @ 7.0% cap · market cap 11.23%
Second Best
Multifamily LT 5
$869.0K
$760.4K – $1.01M
NOI $60,829 @ 7.0% cap · market cap 8.33%
Theoretical Best
Office A
$1.54M
$1.34M – $1.79M
NOI $107,568 @ 7.0% cap · market cap 14.74%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Location Intelligence
Trade Area within ½ mile
33
Businesses Nearby
Explore this area
Business Placement
Demographics for 01536, MA
7,514
Population
3,230
Households
2.3
Avg Household Size
41
Median Age
48%
College-Educated
94%
High-School Grad
8.6 sq mi
ZIP Area
874
Density / Sq Mi
$105,795
Median Household Income
$62,035
Median Earnings
$450,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use asset with two office units, finished basement, private garage, fenced yard, and parking.
Where is this mixed-use property located?
The property is located at 137 Westboro Road Grafton, MA.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Two office units within a mixed‑use property; Fully renovated office areas with hardwood flooring; Five bathrooms with recently renovated tile finishes
