Flex Space with Drive-In
175R California Street, Newton, MA 02458
For Sale
Contact for pricing
An open-plan interior includes three offices, two half baths, and central heating and air conditioning.
Property Size31,600 SF
Price / SF$0.22
Days on Market12
Property Features for 175R California Street
General Information
Standard status
Size
Total Parking Spaces
Amenities
central heat and air conditioning
dumpster on-site
Building Details
Year Built
Buildings
Stories
Construction
Listing Agency:
Pacesetters Real Estate
(781) 589-8990
Listed By:
Marie Monaco
(617) 974-3019
Source:
Lockandkeyre
Added: Oct 30
Changed: Nov 8
Last Checked: Nov 10 at 7:33AM
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 Pacesetters Real Estate
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 freestanding, single-story flex building offers approximately 3,000 square feet of open space, three offices, and two half baths. Central heat and air conditioning serve the interior. A 12-foot-high by 10-foot-wide drive-in door provides ground-level access. The building has a cement block exterior, cement flooring, and a rubber roof.
Four assigned parking spaces and a dumpster are on site, with additional street parking available.
Four assigned parking spaces and a dumpster are on site, with additional street parking available.
Key Highlights
- Approximately 3,000 square feet of open space with three offices and two half baths
- One drive‑in door measuring 12 ft high by 10 ft wide
- Four assigned on‑site parking spaces; street parking is also available
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$156,712
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,134,240
$3.1M
Cap Rate 7%
$2,238,743
$2.2M
Cap Rate 9%
$1,741,244
$1.7M
Market Conditions
NOI Build-Up for 31,600 SF
Gross rent
$257.9K $8.16/SF
− Vacancy
−$16.8K −$0.53/SF
EGI
$241.1K $7.63/SF
− OpEx
−$84.4K −$2.67/SF
NOI
$156.7K $4.96/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$8.16 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,134,240
Cap Rate 7%
$2,238,743
Cap Rate 9%
$1,741,244
Alternative Uses
Best Use
Industrial
$4.83M
$4.22M – $5.63M
NOI $337,905 @ 7.0% cap
Second Best
Flex RnD
$2.24M
$1.96M – $2.61M
NOI $156,712 @ 7.0% cap
Theoretical Best
Office A
$18.71M
$16.37M – $21.82M
NOI $1,309,496 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,250
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02458, MA
12,817
Population
5,238
Households
2.4
Avg Household Size
40
Median Age
76%
College-Educated
97%
High-School Grad
2.0 sq mi
ZIP Area
6,409
Density / Sq Mi
$151,782
Median Household Income
$72,008
Median Earnings
$2,313
Median Rent
$1,116,600
Median Home Value
Market
Average Price Trend$/SF for Flex space in Middlesex County, MA
Properties on Market for Flex space in Middlesex County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Better Life Food — 158 Adams St, Newton, MA 02458
- Elisa's Catering — 223 Adams St, Newton, MA 02458
- The Kiddush Specialist — 223 Adams St, Newton, MA 02458
- Miss Jeanies Catering — 498 Pleasant St, Watertown, MA 02472
- Fiouna Catering — 367-B, 367 California St, Newton, MA 02458
Frequently Asked Questions
What type of property is this?
Flex space - An open-plan interior includes three offices, two half baths, and central heating and air conditioning.
Where is this flex space located?
The property is located at 175R California Street Newton, MA.
What are key features of this property?
This property features: Approximately 3,000 square feet of open space with three offices and two half baths; One drive‑in door measuring 12 ft high by 10 ft wide; Four assigned on‑site parking spaces; street parking is also available
