Commercial Land with Existing
For Sale
$1,000,000
16 Railroad Ave, Foxboro, MA 02035
Two contiguous GB parcels include a separate vacant lot and existing commercial improvements.
Property Size4,050 SF
Days on Market95
Property Features for 16 Railroad Ave
General Information
Standard status
Active
Size
4,050 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$8,109
Building Details
Building Size
4,050 SF
Year Built
1958
Listing Agency:
Keller Williams Realty
Listed By:
William Lord
(617) 642-3986
Source:
Donnellyandco
Added: Jul 23
Changed: Oct 17
Last Checked: Oct 24 at 10:36PM
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 Keller Williams Realty
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This commercial land offering combines two contiguous General Business parcels totaling approximately 0.73 acres. The assemblage includes a 4,050± SF commercial building constructed in 1958 and a separately deeded vacant lot, providing both existing improvements and additional land within the offering.
The property has more than 200 feet of frontage on Railroad Avenue and includes on-site parking. Approximately 43 municipal parking spaces are located across the avenue in the Schneider public parking lot. The site is connected to the municipal sewer district and offers access to Route 1 and I-95. Office, retail, medical, restaurant, mixed-use, and other commercial concepts are identified as potential uses subject to local approvals.
The property has more than 200 feet of frontage on Railroad Avenue and includes on-site parking. Approximately 43 municipal parking spaces are located across the avenue in the Schneider public parking lot. The site is connected to the municipal sewer district and offers access to Route 1 and I-95. Office, retail, medical, restaurant, mixed-use, and other commercial concepts are identified as potential uses subject to local approvals.
Key Highlights
- Two contiguous General Business parcels totaling approximately 0.73 acres
- 4,050± SF commercial building constructed in 1958
- Separately deeded vacant lot included in the assemblage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,123
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,460
$782.5K
Cap Rate 7%
$558,900
$558.9K
Cap Rate 9%
$434,700
$434.7K
Market Conditions
NOI Build-Up for 4,050 SF
Gross rent
$68.0K $16.80/SF
− Vacancy
−$5.4K −$1.34/SF
EGI
$62.6K $15.46/SF
− OpEx
−$23.5K −$5.80/SF
NOI
$39.1K $9.66/SF
Area
Norfolk County, MA
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$782,460
Cap Rate 7%
$558,900
Cap Rate 9%
$434,700
Alternative Uses
Best Use
Mixed Use
$558.9K
$489.0K – $652.1K
NOI $39,123 @ 7.0% cap · market cap 3.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $167,831 @ 7.0% cap · market cap 16.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Explore this area
Business Placement
Demographics for 02035, MA
18,618
Population
7,414
Households
2.5
Avg Household Size
42
Median Age
58%
College-Educated
97%
High-School Grad
19.9 sq mi
ZIP Area
936
Density / Sq Mi
$108,559
Median Household Income
$62,457
Median Earnings
$1,763
Median Rent
$581,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Commercial land - Two contiguous GB parcels include a separate vacant lot and existing commercial improvements.
Where is this commercial land located?
The property is located at 16 Railroad Ave Foxboro, MA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: Two contiguous General Business parcels totaling approximately 0.73 acres; 4,050± SF commercial building constructed in 1958; Separately deeded vacant lot included in the assemblage
