Versatile Flex
For Sale
Contact for pricing
166 Worcester Rd, Charlton, MA 01507
Office, showroom, warehouse, and storage areas support varied commercial operations.
Property Size2,252 SF
Price / SF$1.07
Days on Market49
Property Features for 166 Worcester Rd
General Information
Standard status
Active
Size
2,252 SF
Property subtype
Commercial
Zoning
CB
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$6,727
Building Details
Building Size
2,252 SF
Year Built
1997
Buildings
1
Listing Agency:
RE/MAX Partners
(508) 635-1600
Listed By:
The Paramount Group
(508) 320-3853
Source:
Churchillprop
Added: Sep 6
Changed: Oct 13
Last Checked: Oct 23 at 6:24AM
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 RE/MAX Partners
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Investment Insights
Based on property information with market context.
This 2,252 SF flex building, constructed in 1997, combines office, showroom, warehouse, and storage functions within one commercial property. The interior includes a reception and showroom area, three private offices with one suitable for conference use, dedicated storage, and two restrooms. Two man-door entrances support daily access, while a rear receiving area accommodates deliveries and on-site parking serves the building.
Positioned along Route 20 in Charlton, the property benefits from reported traffic counts exceeding 20,000 vehicles per day. The site is zoned CB and offers access to major routes throughout Central Massachusetts, supporting a range of commercial operating needs.
Positioned along Route 20 in Charlton, the property benefits from reported traffic counts exceeding 20,000 vehicles per day. The site is zoned CB and offers access to major routes throughout Central Massachusetts, supporting a range of commercial operating needs.
Key Highlights
- 2,252 SF flex building constructed in 1997
- Route 20 location with traffic counts exceeding 20,000 vehicles per day
- Three private offices, including one with potential conference‑room use
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,558
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,160
$411.2K
Cap Rate 7%
$293,686
$293.7K
Cap Rate 9%
$228,422
$228.4K
Market Conditions
NOI Build-Up for 2,252 SF
Gross rent
$31.1K $13.80/SF
− Vacancy
−$1.7K −$0.76/SF
EGI
$29.4K $13.04/SF
− OpEx
−$8.8K −$3.91/SF
NOI
$20.6K $9.13/SF
Area
Worcester County, MA
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$411,160
Cap Rate 7%
$293,686
Cap Rate 9%
$228,422
Alternative Uses
Best Use
Office B
$586.3K
$513.0K – $684.1K
NOI $41,043 @ 7.0% cap · market cap 1,710.13%
Second Best
Warehouse
$374.9K
$328.0K – $437.4K
NOI $26,241 @ 7.0% cap · market cap 1,093.38%
Theoretical Best
Office A
$769.0K
$672.9K – $897.2K
NOI $53,832 @ 7.0% cap · market cap 2,243.00%
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
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
139
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01507, MA
13,315
Population
5,240
Households
2.5
Avg Household Size
44
Median Age
38%
College-Educated
94%
High-School Grad
42.2 sq mi
ZIP Area
316
Density / Sq Mi
$119,809
Median Household Income
$64,911
Median Earnings
$1,215
Median Rent
$405,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Office, showroom, warehouse, and storage areas support varied commercial operations.
Where is this flex space located?
The property is located at 166 Worcester Rd Charlton, MA.
What are key features of this property?
This property features: 2,252 SF flex building constructed in 1997; Route 20 location with traffic counts exceeding 20,000 vehicles per day; Three private offices, including one with potential conference‑room use
