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 Market99
Property Features for 15 Erie Dr
General Information
Standard status
Active
Size
8,607 SF
Property subtype
Commercial
Building Details
Year Built
1959
Listing Agency:
Greater Boston Commercial Properties, Inc.
(508) 925-7477
Listed By:
Bret O'brien · License #8994
(508) 925-7477
Source:
Liongatere
Added: Apr 25
Changed: Jul 10
Last Checked: Jul 31 at 1:47PM
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.
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 For Industrial
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 | $138.4k | $16.08 |
| − Vacancy | −$7.6k | −$0.88 |
| EGI | $130.8k | $15.20 |
| − OpEx | −$39.2k | −$4.56 |
| NOI | $91.6k | $10.64 |
8,607 SF · lease $16.08/SF/yr · vacancy 5.50% · expense 30.00%
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.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
