Warehouse Condo with
160 Otis St C1-9 Northborough, MA 01532
New
160 Otis St C1-9, Northborough, MA, 01532
$325,000
For Sale
$325,000
Commercial condo unit with high-ceilinged warehouse space, an office, and a half bath, plus overhead door access.
Property Size1,300 SF
Price / SF$250
Days on Market3
Property Features for 160 Otis St C1-9
General Information
- Standard status
- Active
- Size
- 1,300 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2005
Listing agency
(508) 397-3264
Listed by
Patrick Arena · License #449588931
(508) 397-3264
Source
Elliman
Added: Jul 20 Updated: Jul 21 at 10:50AM Checked: Jul 21 at 10:50AM
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 Patrick Arena
Investment Insights
Based on property information with market context.
This commercial condo unit offers a high-ceiling warehouse area with office space and a half bath. The unit is built with sturdy prefab metal construction and includes an overhead door for practical loading and access. A fire alarm is also included.
The property is described as conveniently located just off Route 9. Parking is provided with two spaces in a large lot, along with space inside the warehouse for at least two vehicles.
The condo fee is listed as $205 per month or $615 quarterly, and the fee is stated to include snow plowing, landscaping, and reserves.
The property is described as conveniently located just off Route 9. Parking is provided with two spaces in a large lot, along with space inside the warehouse for at least two vehicles.
The condo fee is listed as $205 per month or $615 quarterly, and the fee is stated to include snow plowing, landscaping, and reserves.
Key Highlights
- Commercial condo unit built in 2005 with over 1,300 sq ft of high‑ceilinged warehouse space
- Includes an office and a half bath inside the unit
- Prefab metal construction with overhead door access plus a fire alarm
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $39.0k | $30.00 |
| − Vacancy | −$7.4k | −$5.70 |
| EGI | $31.6k | $24.30 |
| − OpEx | −$7.9k | −$6.08 |
| NOI | $23.7k | $18.23 |
1,300 SF · lease $30.00/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$338.5K
$296.2K – $394.9K
NOI $23,693 @ 7.0% cap · market cap 7.29%
Second Best
Warehouse
$216.4K
$189.4K – $252.5K
NOI $15,148 @ 7.0% cap · market cap 4.66%
Theoretical Best
Office A
$443.9K
$388.4K – $517.9K
NOI $31,075 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Novelties Wholesale, INC
Big Box & Wholesale Store
Creative Tile Inc.
General Contractor
Storage Rentals of America
Storage Facility
Mills Construction Corporation, ...
Construction Company
Gamache Construction LLC
Construction Company
Similar For Sale Nearby
Similar Off Market Nearby
- Storage Rentals of America — 160 Otis St, Northborough, MA 01532
- Suites Box LLC — 346 turnpike rd #3115, westborough, ma 01581
- Storage Rentals of America — 241 SW Cutoff, Northborough, MA 01532
FAQs
What type of property is this?
Warehouse - Commercial condo unit with high-ceilinged warehouse space, an office, and a half bath, plus overhead door access.
Where is this warehouse located?
The property is located at 160 Otis St C1-9 Northborough, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Commercial condo unit built in 2005 with over 1,300 sq ft of high‑ceilinged warehouse space; Includes an office and a half bath inside the unit; Prefab metal construction with overhead door access plus a fire alarm
