Flexible Office
New
For Sale
$1,250,000
20 A Street, Framingham, MA 01701
Adaptable office layouts feature natural light, updated systems, controlled entry, and on-site parking.
Property Size3,540 SF
Days on Market7
Property Features for 20 A Street
General Information
Standard status
Active
Size
3,540 SF
Class
B
Property subtype
Single Tenant Office
Site & Location
Highway Access
Yes
Public Transit
Yes
Amenities
generous floor plates
abundant natural light
efficient HVAC
on-site parking
controlled access
secure entry points
updated electrical infrastructure
ADA accessible entrance
Building Details
Building Size
3,540 SF
Year Built
1900
Buildings
1
Listing Agency:
Commercial Property Advisors, LLC
(508) 561-8770
Listed By:
Marci Alvarado
(508) 561-8770
Source:
Thebrokerlist
Added: Aug 14
Changed: Aug 19
Last Checked: Aug 20 at 4:09AM
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 Commercial Property Advisors, LLC
Investment Insights
Based on property information with market context.
The office building at 20 A Street offers adaptable floor plates that can support either single-tenant or multi-tenant occupancy. Interior improvements include updated finishes, efficient HVAC and mechanical systems, and upgraded electrical infrastructure. Natural light reaches the work areas, while controlled entry and an ADA-accessible front entrance support daily operations. On-site parking is available for tenants and visitors.
Built in 1900, the property is located in Saxonville Village in Framingham, near the bike path and Saxonville Mills. Access to Speen Street, Route 9, and the Massachusetts Turnpike via I-90 provides regional connectivity. Framingham Centre Common and Downtown Framingham are also nearby, along with dining, retail, and other businesses.
Built in 1900, the property is located in Saxonville Village in Framingham, near the bike path and Saxonville Mills. Access to Speen Street, Route 9, and the Massachusetts Turnpike via I-90 provides regional connectivity. Framingham Centre Common and Downtown Framingham are also nearby, along with dining, retail, and other businesses.
Key Highlights
- Flexible floor plates support single‑tenant or multi‑tenant office occupancy
- Updated finishes, HVAC, mechanical systems, and electrical infrastructure
- Natural light throughout the office areas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$112,326
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,246,520
$2.2M
Cap Rate 7%
$1,604,657
$1.6M
Cap Rate 9%
$1,248,067
$1.2M
Market Conditions
NOI Build-Up for 3,540 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$192.0K $54.24/SF
− Vacancy
−$42.2K −$11.93/SF
EGI
$149.8K $42.31/SF
− OpEx
−$37.4K −$10.58/SF
NOI
$112.3K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,246,520
Cap Rate 7%
$1,604,657
Cap Rate 9%
$1,248,067
Alternative Uses
Best Use
Office B
$1.60M
$1.40M – $1.87M
NOI $112,326 @ 7.0% cap · market cap 8.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.10M
$1.83M – $2.44M
NOI $146,697 @ 7.0% cap · market cap 11.74%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Explore this area
Business Placement
Demographics for 01701, MA
33,005
Population
13,131
Households
2.5
Avg Household Size
44
Median Age
61%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
1,953
Density / Sq Mi
$127,000
Median Household Income
$69,672
Median Earnings
$1,973
Median Rent
$612,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Adaptable office layouts feature natural light, updated systems, controlled entry, and on-site parking.
Where is this office building located?
The property is located at 20 A Street Framingham, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Flexible floor plates support single‑tenant or multi‑tenant office occupancy; Updated finishes, HVAC, mechanical systems, and electrical infrastructure; Natural light throughout the office areas
