Office Building with
2 Mercer Rd, Natick, MA 01760
For Sale
Contact for pricing
Three lead-lined rooms and heavy power provide specialized building features.
Property Size17,875 SF
Lot Size1.40 Acres
Price / SF$503.50
Days on Market9
Property Features for 2 Mercer Rd
General Information
Standard status
Size
Lot size
Property subtype
Amenities
full building generator
3 lead lined rooms
heavy power
prominent exterior building signage
Building Details
Year Renovated
Building Size
Listing Agency:
New Dover Associates, Inc.
(508) 370-0405
Listed By:
Scott R. Hughes
(781) 983-0307
Source:
Moodyscre
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 10 at 8:25AM
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 New Dover Associates, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 17,875-square-foot office building sits on 1.4 acres and was remodeled in 2016/2017. Building features include a generator serving the full property, three lead-lined rooms, heavy power and prominent exterior signage.
The property is offered for sale to an owner-occupant or an investor buyer. The listing also references a tenant accompanying an investor buyer.
The property is offered for sale to an owner-occupant or an investor buyer. The listing also references a tenant accompanying an investor buyer.
Key Highlights
- 17,875 square feet on 1.4 acres
- Remodeled in 2016/2017
- Generator serves the entire building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$567,181
Cap Rate
6.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,343,620
$11.3M
Cap Rate 7%
$8,102,586
$8.1M
Cap Rate 9%
$6,302,011
$6.3M
Market Conditions
NOI Build-Up for 17,875 SF
Gross rent
$969.5K $54.24/SF
− Vacancy
−$213.3K −$11.93/SF
EGI
$756.2K $42.31/SF
− OpEx
−$189.1K −$10.58/SF
NOI
$567.2K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$11,343,620
Cap Rate 7%
$8,102,586
Cap Rate 9%
$6,302,011
Alternative Uses
Best Use
Office B
$8.10M
$7.09M – $9.45M
NOI $567,181 @ 7.0% cap · market cap 6.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.58M
$9.26M – $12.35M
NOI $740,735 @ 7.0% cap · market cap 8.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,073
Businesses Nearby
Explore this area
Business Placement
Demographics for 01760, MA
36,659
Population
15,838
Households
2.3
Avg Household Size
42
Median Age
69%
College-Educated
98%
High-School Grad
14.8 sq mi
ZIP Area
2,477
Density / Sq Mi
$134,644
Median Household Income
$77,632
Median Earnings
$2,061
Median Rent
$740,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Middlesex County, MA
Properties on Market for Office buildings in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Three lead-lined rooms and heavy power provide specialized building features.
Where is this office building located?
The property is located at 2 Mercer Rd Natick, MA.
What is the asking price?
The asking price for this property is $9,000,000.
What are key features of this property?
This property features: 17,875 square feet on 1.4 acres; Remodeled in 2016/2017; Generator serves the entire building
