Warehouse with Loading
For Sale
$699,900
15 Maple, North Brookfield, MA 01535
Commercially zoned warehouse property with auxiliary rental buildings, on-site power, and vehicle parking.
Property Size1,960 SF
Days on Market56
Property Features for 15 Maple
General Information
Standard status
Active
Size
1,960 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
18 ft
Drive-In Doors
5
Building Details
Building Size
1,960 SF
Year Built
1960
Buildings
3
Construction
metal
Listing Agency:
Michael Toomey & Associates, Inc.
(508) 867-2800
Listed By:
Michael Toomey · License #453000424
(508) 951-6460
Source:
Iverty
Added: Sep 5
Changed: Oct 29
Last Checked: Oct 28 at 8:11AM
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 Michael Toomey & Associates, Inc.
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Investment Insights
Based on property information with market context.
Built in 1960, the primary improvement is a 75' X 50' metal warehouse with an 18'+ ceiling, electrical service, a bathroom, and two 14' X 14' garage doors. An attached wing adds a loading dock and three additional garage doors, providing functional loading and access features for warehouse or commercial operations.
The offering also includes two occupied rental properties: a three-family house and a separate building currently used by a VFW. The site provides parking for approximintly 30+ vehicles and is located in a commercial zone. A 21E test is available.
The offering also includes two occupied rental properties: a three-family house and a separate building currently used by a VFW. The site provides parking for approximintly 30+ vehicles and is located in a commercial zone. A 21E test is available.
Key Highlights
- 75' X 50' metal warehouse with 18'+ ceiling height
- Two 14' X 14' garage doors plus three additional garage doors
- Loading dock located in the building's additional wing
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,495
Cap Rate
3.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,900
$529.9K
Cap Rate 7%
$378,500
$378.5K
Cap Rate 9%
$294,389
$294.4K
Market Conditions
NOI Build-Up for 1,960 SF
Gross rent
$38.8K $19.80/SF
− Vacancy
−$959 −$0.49/SF
EGI
$37.8K $19.31/SF
− OpEx
−$11.4K −$5.79/SF
NOI
$26.5K $13.52/SF
Area
Worcester County, MA
Vacancy
2.47%
Lease Rate
$19.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$529,900
Cap Rate 7%
$378,500
Cap Rate 9%
$294,389
Alternative Uses
Best Use
Multifamily LT 5
$378.5K
$331.2K – $441.6K
NOI $26,495 @ 7.0% cap · market cap 3.79%
Second Best
Apartment 5plus
$329.4K
$288.2K – $384.3K
NOI $23,057 @ 7.0% cap · market cap 3.29%
Theoretical Best
Office A
$669.3K
$585.7K – $780.9K
NOI $46,852 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
18 ft
Clear height
5
Drive-in doors
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 01535, MA
4,735
Population
2,163
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
95%
High-School Grad
21.3 sq mi
ZIP Area
222
Density / Sq Mi
$81,010
Median Household Income
$55,393
Median Earnings
$973
Median Rent
$316,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Warehouse - Commercially zoned warehouse property with auxiliary rental buildings, on-site power, and vehicle parking.
Where is this warehouse located?
The property is located at 15 Maple North Brookfield, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 75' X 50' metal warehouse with 18'+ ceiling height; Two 14' X 14' garage doors plus three additional garage doors; Loading dock located in the building's additional wing
