Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Auburn Office Space for Rent Title is generated by Realmo AI

    15 Midstate Dr, Auburn, MA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Professional office space available in Auburn's Midstate Office Park.

    Type:OFFICE
    Property size:
    804 SF
    Lot size:
    1.80 Acres
    Added:
    Oct 30, 2025
    Days on Market:
    201
    Last Refresh:
    Apr 5 at 9:21 pm

    Property Features for 15 Midstate Dr

    General Information

    Standard status
    Active
    Size
    804 SF
    Lot size
    1.80 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 15 Midstate Dr Contact us

    We can help!

    Listing Contact
    Drew C. Higgins
    Drew C. Higgins

    Listing agent Drew C. Higgins License #9536903

    Listing office Kelleher & Sadowsky

    Listing date Oct 30, 2025

    Source Moodyscre

    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 Kelleher & Sadowsky

    HighLights

    • Easy access to Route 12 and the Mass Pike, providing convenient regional connectivity.
    • Ample parking with over 600 surface spaces, a ratio of 5 spaces per 1,000 SF.
    • Suites can be built‑out and modified to meet specific tenant needs.
    • Located in Midstate Office Park, comprised of five modern office buildings.
    • Well‑maintained buildings.
    • Variety of suite sizes available.

    Overview

    Professional office space is available at the Midstate Office Park in Auburn, MA. The park consists of five modern office buildings with suites that can be modified for various tenant space needs. The property provides over 600 surface parking spaces, which is a ratio of 5 spaces per 1,000 SF. The buildings are well maintained and host a variety of industries. The Midstate Office Park is located just off Route 12 and the Mass Pike, providing access throughout Central Massachusetts and New England. Available spaces include an 804-square-foot office.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Advanced Title Escrow Law Firm Haley Ward, Inc. Civil Engineer ADP AdvancedMD | Medical ... Medical Billing Service Sol Amor Hospice Nursing Home radius financial group ... Real Estate Agency

    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
    Auburn
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8562
    Latitude
    42.1888

    Nearby Similar for Lease

    • $1,200/Mo
      700 SF

      High Visibility Office Unit

      Easily accessible office unit in a well-maintained building.
      65 Southbridge St 220, Auburn, MA 01501
      View Details
    • $12 SF/Yr
      6,860 SF

      Vintage Retail Space on Route 12

      6,860+/- SF retail space with visibility from I-290.
      6 Johnson Street, Auburn, MA 01501
      View Details
    • $4,000/Mo
      2,558 SF

      Auburn Commercial Space on Route 20

      Flexible 2,500 SF commercial space with high visibility and access.
      3 Jacobson Dr, Auburn, MA 01501
      View Details
    • $4,000/Mo

      Commercial Space on Route 20

      Flexible commercial space in established Auburn commercial and industrial area.
      3 Jacobson Dr, Auburn, MA 01501
      View Details
    • $19 SF/Yr
      9,500 SF

      Auburn Office Space For Rent

      Professional office space available in Auburn's Midstate Office Park.
      27 Midstate Dr, Auburn, MA
      View Details
    • Contact for pricing
      13,000 SF

      Auburn Flex Space For Lease

      13,000 SF Auburn property ideal for retail or industrial use.
      440 Washington St, Auburn, MA 01501
      View Details
    • Contact for pricing
      20,000 SF

      Auburn Retail/Industrial Space For Lease

      20,000 SF Auburn property ideal for retail or industrial use.
      440 Washington St, Auburn, MA 01501
      View Details
    • $12 SF/Yr
      6,860 SF

      Vintage Retail Space For Sublease

      6,860+/- SF retail space with visibility from I-290.
      6 Johnson Street, Auburn, MA 01501
      View Details
    • Contact for pricing
      8,000 SF

      Auburn Office Space Available

      Office units for lease in Auburn, Massachusetts.
      421 Washington St, Auburn, MA 01501
      View Details
    • Contact for pricing
      10,600 SF

      Auburn Office Space For Lease

      10,600 SF office space available in Auburn, Massachusetts.
      421 Washington St, Auburn, MA 01501
      View Details
    • $4,000/Mo
      2,558 SF

      Flexible Commercial Space on Route 20

      2,500 sq ft Auburn building, ideal for retail/office.
      8 Washington St, Auburn, MA
      View Details
    • $16 SF/Yr

      Retail Space on Route 12

      Retail space available on Route 12 in Auburn, MA.
      366 Southbridge Street, Auburn, MA 01501
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office space available in Auburn's Midstate Office Park.
    Where is this office units located?
    The property is located at 15 Midstate Dr Auburn, MA.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: Easy access to Route 12 and the Mass Pike, providing convenient regional connectivity.; Ample parking with over 600 surface spaces, a ratio of 5 spaces per 1,000 SF.; Suites can be built‑out and modified to meet specific tenant needs.
    (508) 735-1783 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Drew C. Higgins
    Drew C. Higgins
    Real Estate License ID: 9536903
    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

    Thank You for Inquiry
    15 Midstate Dr, Auburn, MA
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!