Building Details

Year Built 2000

Buildings 1

Stories 2

Building Size 5,324 SF

Listing Agency: Property Services Network

Listed By: David Restic Show Phone

Source: Benoitrealestate

Added: Jul 19 Changed: Oct 29 Last Checked: Oct 30 at 7:03PM

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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 Property Services Network

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Investment Insights

Based on property information with market context.

This flex industrial property offers a combined 10.63± acres with an approximately 5,324± sq. ft. building designed to support both office and warehouse operations. The first floor includes approximately 1,280± sq. ft. of finished office space with a reception area, private office, dedicated lab/tech room, break room, and two handicap-accessible restrooms. The second floor provides an additional 1,280± sq. ft. of flexible office, administrative, sales, or lab space with a private restroom, with the potential to open into the industrial area for mezzanine-style storage.

The 2,764± sq. ft. warehouse includes an 18-foot clear ceiling height, a 14' x 12' rear drive-in door, and a 10' x 8' side loading dock. The property also features ample parking and convenient truck access, supporting a range of light industrial and service-based uses, including owner-user operations, distribution, showroom, and service-oriented businesses. Built in 2000.

Key Highlights

• Combined 10.63± acres with an approximately 5,324± sq. ft. flex industrial building
• First‑floor office includes 1,280± sq. ft. with reception, private office, lab/tech room, break room, and two ADA restrooms
• Second‑floor flexible space adds 1,280± sq. ft., with private restroom and potential for mezzanine‑style storage access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$97,030

Cap Rate

5.72%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,940,600 $1.9M

Cap Rate 7%

$1,386,143 $1.4M

Cap Rate 9%

$1,078,111 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,324 SF

Gross rent

$159.7K $30.00/SF

− Vacancy

−$30.3K −$5.70/SF

EGI

$129.4K $24.30/SF

− OpEx

−$32.3K −$6.08/SF

NOI

$97.0K $18.23/SF

Area

Worcester County, MA

Vacancy

19.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,940,600

Cap Rate 7%

$1,386,143

Cap Rate 9%

$1,078,111

Alternative Uses

Best Use

Office B

$1.39M

$1.21M – $1.62M (±1% cap)

NOI $97,030 @ 7.0% cap · market cap 5.72%

Second Best

Warehouse

$886.3K

$775.5K – $1.03M (±1% cap)

NOI $62,038 @ 7.0% cap · market cap 3.66%

Theoretical Best

Office A

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,265 @ 7.0% cap · market cap 7.51%

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

Printer Pro Solutions, ... Computer & Electronic Repair Laser Lightning LLC Computer & Electronic Repair Digital Systems Services ... Computer & Electronic Repair

Suggested Use

Top Pick Building Supply Auto Parts Store Storage Facility (Bike/Boat/Book/etc) Store Restaurant Law Firm

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

Lease Details

18 ft

Clear height

1

Dock-high doors

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

38

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 01516, MA

8,962

Population

3,558

Households

2.5

Avg Household Size

43

Median Age

44%

College-Educated

98%

High-School Grad

36.7 sq mi

ZIP Area

244

Density / Sq Mi

$147,859

Median Household Income

$70,780

Median Earnings

$1,537

Median Rent

$436,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

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Industrial/Flex Building with Offices

100 Davis St, Douglas, MA 01516

Contact for pricing

9,000 SF

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Historic Duplex with Detached Garage

23 North Street, Douglas, MA 01516

$349,900

1,820 SF

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Frequently Asked Questions

What type of property is this?

Flex space - Flex industrial building with finished office space on two levels, plus warehouse space with a rear drive-in door.

Where is this flex space located?

The property is located at 174 Davis Street Douglas, MA.

What is the asking price?

The asking price for this property is $1,695,000.

What are key features of this property?

This property features: Combined 10.63± acres with an approximately 5,324± sq. ft. flex industrial building; First‑floor office includes 1,280± sq. ft. with reception, private office, lab/tech room, break room, and two ADA restrooms; Second‑floor flexible space adds 1,280± sq. ft., with private restroom and potential for mezzanine‑style storage access