Flex Space with Warehouse and
201 Daniel Shays Highway Athol, MA 01331
201 Daniel Shays Highway, Athol, MA, 01331
$425,000
For Sale
$425,000
Two updated buildings include a small office suite and a warehouse with climate-controlled grow infrastructure.
Property Size3,442 SF
Price / SF$123.47
Days on Market361
Property Features for 201 Daniel Shays Highway
General Information
- Standard status
- Active
- Size
- 3,442 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1955
Listing agency
Century 21 North East
(508) 331-2030
Listed by
Scott Simpson · License #454501513
Source
Eganrealtygroup
Added: Jul 27, 2025 Updated: Jul 21 at 6:41PM Checked: Jul 21 at 6:41PM
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 Century 21 North East
Investment Insights
Based on property information with market context.
This property includes two updated buildings on 2.2 acres, combining a 616 sq ft office with a 2,826 sq ft warehouse. The office features two offices and a bath, while the warehouse was originally designed as a climate-controlled grow facility and is equipped with eight high-efficiency mini-splits. Recent upgrades include a new 600 amp 120/208V electrical service, two handicap-accessible baths, fire alarm and security systems, a Generac standby generator with automatic transfer switch, a new roof, exterior security fencing, and new septic and well pump.
The buildings sit on a spacious lot with room for parking and potential future expansion. The property is located on a well-traveled road with easy highway access.
Flexible zoning allows commercial, manufacturing, residential, and other uses, supporting a broad range of operational and development possibilities.
The buildings sit on a spacious lot with room for parking and potential future expansion. The property is located on a well-traveled road with easy highway access.
Flexible zoning allows commercial, manufacturing, residential, and other uses, supporting a broad range of operational and development possibilities.
Key Highlights
- Two updated buildings on 2.2 acres: 616 sq ft office and 2,826 sq ft warehouse
- Warehouse originally designed as a climate‑controlled grow facility with eight high‑efficiency mini‑splits
- Recent upgrades include new 600 amp 120/208V electrical service, fire alarm, and security systems
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $62.0k | $18.00 |
| − Vacancy | −$3.7k | −$1.08 |
| EGI | $58.2k | $16.92 |
| − OpEx | −$20.4k | −$5.92 |
| NOI | $37.9k | $11.00 |
3,442 SF · lease $18.00/SF/yr · vacancy 6.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$896.1K
$784.1K – $1.05M
NOI $62,730 @ 7.0% cap · market cap 14.76%
Second Best
Warehouse
$573.0K
$501.4K – $668.5K
NOI $40,108 @ 7.0% cap · market cap 9.44%
Theoretical Best
Office A
$1.18M
$1.03M – $1.37M
NOI $82,278 @ 7.0% cap · market cap 19.36%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Two updated buildings include a small office suite and a warehouse with climate-controlled grow infrastructure.
Where is this flex space located?
The property is located at 201 Daniel Shays Highway Athol, MA.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two updated buildings on 2.2 acres: 616 sq ft office and 2,826 sq ft warehouse; Warehouse originally designed as a climate‑controlled grow facility with eight high‑efficiency mini‑splits; Recent upgrades include new 600 amp 120/208V electrical service, fire alarm, and security systems
