Freestanding Retail Building with
For Sale
Contact for pricing
1485 Grafton Rd, Millbury, MA 01527
Freestanding building offers an open retail layout with ADA access, a loading dock, and ample on-site parking.
Property Size8,700 SF
Lot Size0.63 Acres
Price / SF$241.38
Days on Market344
Property Features for 1485 Grafton Rd
General Information
Standard status
Active
Size
8,700 SF
Lot size
0.63 Acres
Property subtype
RETAIL
Zoning
EMB
Additional Details
Highway Access
Yes
Dock-High Doors
1
Listing Agency:
Centre Realty Group
(617) 564-0551
Listed By:
Matt Javitch
Source:
Moodyscre
Added: Aug 21, 2025
Changed: Jul 27
Last Checked: Jul 29 at 1:18PM
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 Centre Realty Group
Investment Insights
Based on property information with market context.
This freestanding commercial building is currently configured as an open retail space and includes an on-site loading dock and ADA accessibility. The property sits on a 27,500 SF lot with ample parking, supporting straightforward customer and employee access.
The site is located at 1485 Grafton Rd in Millbury and is positioned for visibility and high access, just 1 minute from the Mass Pike. It also benefits from zoning flexibility under the East Millbury Business (EMB) district.
Under EMB zoning, the property allows retail, restaurant, medical, and professional office uses, as well as two-family and multifamily residential dwellings by special permit, supporting a variety of commercial and mixed-use directions.
The site is located at 1485 Grafton Rd in Millbury and is positioned for visibility and high access, just 1 minute from the Mass Pike. It also benefits from zoning flexibility under the East Millbury Business (EMB) district.
Under EMB zoning, the property allows retail, restaurant, medical, and professional office uses, as well as two-family and multifamily residential dwellings by special permit, supporting a variety of commercial and mixed-use directions.
Key Highlights
- 8,700 SF freestanding building on a 27,500 SF lot
- Open commercial layout with loading dock and ADA accessibility
- Ample on‑site parking
Financial Insights For Retail
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 | $187.9k | $21.60 |
| − Vacancy | −$4.1k | −$0.48 |
| EGI | $183.8k | $21.12 |
| − OpEx | −$55.1k | −$6.34 |
| NOI | $128.7k | $14.79 |
8,700 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.84M
$1.61M – $2.14M
NOI $128,650 @ 7.0% cap · market cap 6.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.97M
$2.60M – $3.47M
NOI $207,965 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Dock-high doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
266
Businesses Nearby
29k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 96%
Dining 4%
7-Eleven
Shops & Services
13,121 visits/mo
0.2 miles
Dollar Tree
Shops & Services
12,609 visits/mo
0.3 miles
Enterprise Rent-A-Car
Shops & Services
1,321 visits/mo
0.5 miles
Enterprise Car Sales
Shops & Services
1,240 visits/mo
0.4 miles
Domino's Pizza
Dining
1,081 visits/mo
0.3 miles
Demographics for 01527, MA
13,799
Population
5,603
Households
2.5
Avg Household Size
44
Median Age
33%
College-Educated
94%
High-School Grad
15.6 sq mi
ZIP Area
885
Density / Sq Mi
$116,000
Median Household Income
$62,911
Median Earnings
$1,507
Median Rent
$415,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding building offers an open retail layout with ADA access, a loading dock, and ample on-site parking.
Where is this retail space located?
The property is located at 1485 Grafton Rd Millbury, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: 8,700 SF freestanding building on a 27,500 SF lot; Open commercial layout with loading dock and ADA accessibility; Ample on‑site parking
