Building Details

Building Size 2,141 SF

Year Built 2024

Listing Agency: Atlantic Commercial Real Estate, LLC Show Phone

Listed By: Mark Kearins · License #138273-RE-B

Source: Churchillprop

Added: Feb 2, 2024 Changed: Oct 6 Last Checked: Oct 14 at 9:36PM

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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 Atlantic Commercial Real Estate, LLC

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Investment Insights

Based on property information with market context.

Flexible commercial space is available in configurations of approximately 1,066 SF, 1,575 SF, or 2,141 SF within a 2024-built property. The space features high ceilings, a generous window line overlooking Plimpton Pond, and freight elevator service. Commercial zoning supports the property’s business-oriented setting.

The property is located at 153 Washington St in Walpole, with access to Routes 1, 95, and 128. Ample parking is available, adding practical convenience for occupants and visitors. The available configurations provide options for businesses seeking a flex-space setting with elevated ceiling clearance, natural light, and highway connectivity.

Key Highlights

• Available configurations of approximately 1,066 SF, 1,575 SF, or 2,141 SF
• 2024‑built commercial property with high ceilings
• Generous windows overlook Plimpton Pond

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$22,774

Suggested Prices Based on Cap Rates

Cap Rate 5%

$455,480 $455.5K

Cap Rate 7%

$325,343 $325.3K

Cap Rate 9%

$253,044 $253.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,141 SF

Gross rent

$34.4K $16.08/SF

− Vacancy

−$1.9K −$0.88/SF

EGI

$32.5K $15.20/SF

− OpEx

−$9.8K −$4.56/SF

NOI

$22.8K $10.64/SF

Area

Norfolk 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%

$455,480

Cap Rate 7%

$325,343

Cap Rate 9%

$253,044

Alternative Uses

Best Use

Flex RnD

$524.9K

$459.3K – $612.3K (±1% cap)

NOI $36,740 @ 7.0% cap · market cap 408,222.22%

Second Best

Industrial

$325.3K

$284.7K – $379.6K (±1% cap)

NOI $22,774 @ 7.0% cap · market cap 253,044.44%

Theoretical Best

Office A

$1.27M

$1.11M – $1.48M (±1% cap)

NOI $88,722 @ 7.0% cap · market cap 985,800.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Fact Gara​ge Repair ... Hardware & Home Improvement Paul Sudman Art Art Gallery Tradewick LLC Logistics Company Police & Tactical Supply (Bike/Boat/Book/etc) Store Complete Computer Solutions Electronics & Wireless Store

Suggested Use

Top Pick Real Estate Agency Restaurant Pharmacy Auto Parts Store Dental Office Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

243

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 02032, MA

4,853

Population

1,715

Households

2.8

Avg Household Size

42

Median Age

64%

College-Educated

98%

High-School Grad

2.3 sq mi

ZIP Area

2,110

Density / Sq Mi

$180,100

Median Household Income

$83,134

Median Earnings

$2,448

Median Rent

$673,400

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Commercial flex suites offer high ceilings, pond-facing windows, and convenient regional highway access.

Where is this flex space located?

The property is located at 153 Washington St Walpole, MA.

What are key features of this property?

This property features: Available configurations of approximately 1,066 SF, 1,575 SF, or 2,141 SF; 2024‑built commercial property with high ceilings; Generous windows overlook Plimpton Pond