Flex Building For
For Sale
$3,200,000
15 Erie Dr, Natick, MA 01760
8,607 Sq. Ft. flex building available for sale.
Property Size8,607 SF
Price / SF$371.79
Days on Market234
Property Features for 15 Erie Dr
General Information
Standard status
Active
Size
8,607 SF
Property subtype
Commercial
Zoning
INI
Taxes and HOA fees
Annual Taxes
$25,202
Building Details
Building Size
8,607 SF
Year Built
1959
Listing Agency:
Greater Boston Commercial Properties, Inc.
Listed By:
Bret O'Brien · License #8994
(508) 925-7477
Source:
Churchillprop
Added: Mar 12
Changed: Oct 25
Last Checked: Oct 30 at 12:13PM
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 Greater Boston Commercial Properties, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
An 8,607 sq. ft. flex building is available for sale.
Key Highlights
- 8,607 sq. ft. flex building
- Building for sale
- Year built: 1959
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$91,552
Cap Rate
2.86%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,040
$1.8M
Cap Rate 7%
$1,307,886
$1.3M
Cap Rate 9%
$1,017,244
$1.0M
Market Conditions
NOI Build-Up for 8,607 SF
Gross rent
$138.4K $16.08/SF
− Vacancy
−$7.6K −$0.88/SF
EGI
$130.8K $15.20/SF
− OpEx
−$39.2K −$4.56/SF
NOI
$91.6K $10.64/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,831,040
Cap Rate 7%
$1,307,886
Cap Rate 9%
$1,017,244
Alternative Uses
Best Use
Industrial
$1.31M
$1.14M – $1.53M
NOI $91,552 @ 7.0% cap · market cap 2.86%
Second Best
Flex RnD
$609.8K
$533.6K – $711.4K
NOI $42,684 @ 7.0% cap · market cap 1.33%
Theoretical Best
Office A
$5.10M
$4.46M – $5.94M
NOI $356,672 @ 7.0% cap · market cap 11.15%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01760, MA
36,659
Population
15,838
Households
2.3
Avg Household Size
42
Median Age
69%
College-Educated
98%
High-School Grad
14.8 sq mi
ZIP Area
2,477
Density / Sq Mi
$134,644
Median Household Income
$77,632
Median Earnings
$2,061
Median Rent
$740,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - 8,607 Sq. Ft. flex building available for sale.
Where is this flex space located?
The property is located at 15 Erie Dr Natick, MA.
What is the asking price?
The asking price for this property is $3,200,000.
What are key features of this property?
This property features: 8,607 sq. ft. flex building; Building for sale; Year built: 1959
