Versatile Commercial-Industrial Property on 71.52
For Sale
Contact for pricing
162 Baldwinville Rd, Templeton, MA 01468
71.52 acres with two buildings near Route 2.
Property Size16,024 SF
Lot Size71.52 Acres
Price / SF$249.63
Days on Market208
Property Features for 162 Baldwinville Rd
General Information
Standard status
Active
Size
16,024 SF
Lot size
71.52 Acres
Property subtype
Special Purpose
Building Details
Year Built
1970
Listing Agency:
Century 21 North East Leominster
Listed By:
Scott Simpson · License #MA
(508) 331-2030
Source:
Crexi
Added: Mar 12
Changed: Aug 26
Last Checked: Aug 25 at 5:06AM
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 Century 21 North East Leominster
Investment Insights
Based on property information with market context.
This commercial-industrial property encompasses 71.52 acres and includes two buildings, offering convenient access just off Route 2 for easy travel in both east and west directions. The property consists of Map 04-08 Lots 27, 28, 113, and a portion of Lot 29. The main building, constructed in 1970, is a 10,300 sq. ft. commercial structure that was previously utilized for furniture sales. It features 9,610 sq. ft. of open space and a 690 sq. ft. utility room, making it suitable for retail, showroom, or flexible commercial applications. Additionally, there is a 5,724 sq. ft. steel building, built in 1992, which includes a mezzanine for supplemental storage, one 14' door, one 8' door, three man doors, and a 16 ft. clear height, making it suitable for warehouse or industrial operations. The Commercial-Industrial-A zoning permits a variety of potential uses, including retail, lumber or contractor's yard, research and development, light manufacturing, distribution, restaurants, gasoline or service stations, automobile sales, warehouses, office buildings, and auto or truck repair facilities.
Key Highlights
- 71.52‑acre Commercial‑Industrial property with development potential.
- Excellent access just off Route 2, facilitating east‑west travel.
- Versatile zoning permits a wide range of uses.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,232
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,524,640
$3.5M
Cap Rate 7%
$2,517,600
$2.5M
Cap Rate 9%
$1,958,133
$2.0M
Market Conditions
NOI Build-Up for 16,024 SF
Gross rent
$288.4K $18.00/SF
− Vacancy
−$17.3K −$1.08/SF
EGI
$271.1K $16.92/SF
− OpEx
−$94.9K −$5.92/SF
NOI
$176.2K $11.00/SF
Area
Worcester County, MA
Vacancy
6.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,524,640
Cap Rate 7%
$2,517,600
Cap Rate 9%
$1,958,133
Alternative Uses
Best Use
Flex RnD
$2.52M
$2.20M – $2.94M
NOI $176,232 @ 7.0% cap · market cap 4.41%
Second Best
Industrial
$2.09M
$1.83M – $2.44M
NOI $146,278 @ 7.0% cap · market cap 3.66%
Theoretical Best
Office A
$5.47M
$4.79M – $6.38M
NOI $383,038 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
13
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01468, MA
4,309
Population
1,823
Households
2.4
Avg Household Size
43
Median Age
35%
College-Educated
97%
High-School Grad
22.0 sq mi
ZIP Area
196
Density / Sq Mi
$110,938
Median Household Income
$68,781
Median Earnings
$1,308
Median Rent
$358,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - 71.52 acres with two buildings near Route 2.
Where is this flex space located?
The property is located at 162 Baldwinville Rd Templeton, MA.
What is the asking price?
The asking price for this property is $4,000,000.
What are key features of this property?
This property features: 71.52‑acre Commercial‑Industrial property with development potential.; Excellent access just off Route 2, facilitating east‑west travel.; Versatile zoning permits a wide range of uses.
