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    Freestanding Retail Building with Loading Dock Title is generated by Realmo AI

    1485 Grafton Rd Millbury, Millbury, MA 01527

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    For Sale
    $2,100,000

    Freestanding retail building on a large lot with ADA access, ample parking, and a loading dock for operational flexibility.

    Property size:
    8,700 SF
    Lot size:
    0.63 Acres
    Price / SF:
    $241/SF
    Added:
    Jun 3, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 5 at 2:15 am

    Property Features for 1485 Grafton Rd Millbury

    General Information

    Standard status
    Active
    Size
    8,700 SF
    Lot size
    0.63 Acres

    Building Details

    Year Built
    1966

    We can help!

    Listing Contact
    Sharon Lucido

    Listing agent Sharon Lucido

    Listing office

    Listing date Jun 3, 2026

    Source Bournetosellrealestate

    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 Sharon Lucido

    HighLights

    • Freestanding 8,700 SF commercial building built in 1966 on a 27,500 SF lot
    • Open commercial layout with a loading dock and ADA accessibility
    • Ample on‑site parking
    • Located in East Millbury Business District (EMB) zone, allowing commercial, mixed‑use, or residential development options
    • High‑access location with proximity to the Mass Pike (about 1 minute)

    Overview

    This freestanding commercial building offers approximately 8,700 square feet of open retail space configured for straightforward occupancy. The property includes an on-site loading dock and ADA accessibility, with ample parking to support day-to-day customer and employee access. The current setup is well-suited for a retailer or service user looking for immediate functionality while retaining the option to refresh or reconfigure for another concept.

    The site is located at 1485 Grafton Rd in Millbury’s East Millbury Business District (EMB) zone. The listing notes high visibility and high access, with proximity to the Mass Pike described as roughly one minute away. The building sits on a 27,500 square foot lot, providing room for parking and potential site improvements consistent with the EMB zoning flexibility.

    For buyers evaluating owner-occupancy, the open layout plus loading dock and ADA access can support a range of retail or commercial uses. For investors or developers, the EMB zoning flexibility and the combination of a large lot, parking, and an existing structure may support plans to reimagine the property for commercial, mixed-use, or residential development.

    Local 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 (±1% cap)
    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 (±1% cap)
    NOI $207,965 @ 7.0% cap · market cap 9.90%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Sclamo's Appliance & Furniture Home Appliance Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.7422111
    Latitude
    42.2313096

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    FAQs

    What type of property is this?
    Retail space - Freestanding retail building on a large lot with ADA access, ample parking, and a loading dock for operational flexibility.
    Where is this retail space located?
    The property is located at 1485 Grafton Rd Millbury 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: Freestanding 8,700 SF commercial building built in 1966 on a 27,500 SF lot; Open commercial layout with a loading dock and ADA accessibility; Ample on‑site parking
    (508) 643-8166
    We can help!
    Listing Contact
    Sharon Lucido
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    1485 Grafton Rd, Millbury, MA, MA 01527
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