Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    15 Erie Dr Natick, MA 1760

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $3,200,000

    8,607 Sq. Ft. flex building available for sale.

    Type:Commercial
    Property size:
    8,607 SF
    Added:
    Apr 25, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 25 at 6:19 am

    Property Features for 15 Erie Dr

    General Information

    Standard status
    Active
    Size
    8,607 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1959

    We can help!

    Listing Contact
    Bret O'brien

    Listing agent Bret O'brien

    Listing office Greater Boston Commercial Properties, Inc.

    Listing date Apr 25, 2026

    Source Liongatere

    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.

    Overview

    Flex Building For Sale

    An 8,607 sq. ft. flex building is available for sale.
    Location Intelligence

    Current Use by Public Records

    BOSTON ROOFING Roofing Company Boston Panel Systems General Contractor

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Natick
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3396657
    Latitude
    42.3143089

    Nearby Similar for Sale

    • Contact for pricing
      3,200 SF

      Natick Office/Medical Condos For Sale

      Two office/medical condos totaling ±3,200 SF in Natick, MA.
      67 Union Street, Natick, MA 01760
      View Details
    • $784,999
      2,122 SF

      Natick Two-Family Home For Sale

      Income-generating two-family home in downtown Natick, steps from amenities.
      58 W Central St, Natick, MA 01760
      View Details
    • Contact for pricing
      28,422 SF

      Downtown Natick Retail Opportunity

      Retail space in a newly developed mixed-use building.
      21 Summer Street Natick, MA 01760
      View Details
    • $1,600,000
      2,270 SF

      Downtown Automotive Repair Building

      Automotive repair building in Natick with redevelopment potential.
      18-20 N Main St, Natick, MA 01760
      View Details
    • $784,999
      2,122 SF

      Income-Generating Two-Family Home

      Two-family home in downtown Natick, steps from the Common.
      58 West Central Street, Natick, MA 01760
      View Details
    • $1,470,000
      1,732 SF

      Natick Warehouse with Route 9 Visibility

      1,732 SF building with two drive-in doors and visibility.
      206 Worcester St, Natick, MA
      View Details
    • $2,550,000
      7,676 SF

      Natick Office/Flex Building For Sale

      7,676 SF office/flex building on 1.06 acres in Natick.
      14 Huron Dr, Natick, MA
      View Details
    • Contact for pricing
      89,500 SF

      Downtown Natick Mixed-Use Building

      Street-level retail/restaurant space in a newly developed mixed-use building.
      45 East Central Street, Natick, MA 01760
      View Details
    • Contact for pricing
      6,576 SF

      Natick Corner Lot Opportunity

      High-visibility corner lot ideal for owner-user or redevelopment.
      92 Park Ave, Natick, MA
      View Details
    • $784,999
      2,122 SF

      Natick Two-Family Income Property

      Two-family home in downtown Natick, steps from the Common.
      58 W Central Street, Natick, MA 01760
      View Details
    • $3,200,000
      8,607 SF

      8,607 SF Flex Building

      Flex building for sale with 8,607 square feet.
      15 Erie Drive, Natick, MA 01760
      View Details
    • Contact for pricing
      8,607 SF

      Flex Property For Sale

      8,607 Sq. Ft. flex property available for sale.
      15 Erie Dr, Natick, MA 01760
      View Details

    FAQs

    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
    (508) 925-7477
    We can help!
    Listing Contact
    Bret O'brien
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!