Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    21 Turnpike Rd Southborough, MA 01772

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Warehouse space with highway access and convenient amenities.

    Property Features for 21 Turnpike Rd

    General Information

    Standard status
    Active

    Building Details

    Year built
    1897

    We can help!

    Listing Contact
    Joe Laursen
    Source: Crexi

    Listing Agency: Kelleher & Sadowsky Associates Inc Listing Agent: Joe Laursen

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Southborough Warehouse Space for Lease

    Located on Turnpike Road in Southborough, this property offers warehouse space for lease. The location provides visibility and is situated 1 mile from I-90 and 3.5 miles from I-495. Approximately 4,000 SF of warehouse space is available. The warehouse space includes an automatic backup generator. Ideal for warehouse and distribution tenants, the location offers access to major highways and transportation routes. The surrounding area includes amenities such as gas stations, materials suppliers, and dining options, including Southborough House of Pizza. The location's proximity to Beals Preserve and Southborough Recreation allows for a balance of work and relaxation. This industrial setting offers connectivity and resources for operational needs.
    Location Intelligence

    Current Use by Public Records

    Fayville Gutter Cleaning ... Hardware & Home Improvement Horner Millwork Building Supply Southborough Dental Partners Dental Office Dr. Rana Abood Dental Office Subway Take-out & Catering

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Spa & Massage Center Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Southborough Self Storage, U-Haul Moving & Storage of Framingham-Southborough, Self-Storage at U-Haul

    Location Insight

    • Map
    • Local Demand
    City
    Southborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.4964712
    Latitude
    42.2967104

    Nearby Similar for Lease

    • $22 SF/Yr
      2,350 SF

      Southborough Retail/Office Space Available

      2,350 Sq. Ft. space for rent on Rt. 9.
      255 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      23,813 SF

      Southborough Office Space For Lease

      1,650 SF office space in central Southborough location.
      30 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing

      Southborough Office Space Available

      4,488 SF office space for lease in Southborough.
      333 Turnpike Rd, Southborough, MA 01722
      View Details
    • Contact for pricing
      17,171 SF

      Class A Office Building

      50,000 SF office building with fitness facility.
      134 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      29,906 SF

      Southborough Warehouse Space Available

      Industrial warehouse space for lease in Southborough, Massachusetts.
      153 Northboro Rd, Southborough, MA 01772
      View Details
    • Contact for pricing

      Available Warehouse Space

      166,604 SF of warehouse space available for lease.
      Southborough, MA 01772
      View Details
    • Contact for pricing
      166,604 SF

      Southborough Warehouse Space Available

      166,604 SF warehouse space available for lease.
      9 Crystal Pond Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      5,998 SF

      Southborough Office Space Available

      Office space for rent in Southborough, Massachusetts.
      2 Willow St, Southborough, MA 01745
      View Details
    • Contact for pricing

      Office Space For Lease

      Office space available for lease in Southborough, Massachusetts.
      352 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      2,260 SF

      Class A Office Space Available

      Class A office building near Route 9 and I-495.
      2 Park Central Dr, Southborough, MA 01772
      View Details
    • Contact for pricing
      4,281 SF

      Southborough Office Space on Route 9

      Centrally located office space with high visibility on Route 9.
      257 Turnpike Rd, Southborough, MA 01772
      View Details
    • Contact for pricing
      4,166 SF

      Class A Office Space Available

      72,000 SF Class A office space for lease.
      132 Turnpike Rd, Southborough, MA 01772
      View Details

    FAQs

    What type of property is this?
    Warehouse - Warehouse space with highway access and convenient amenities.
    Where is this warehouse located?
    The property is located at 21 Turnpike Rd Southborough, MA.
    What are key features of this property?
    This property features: - Excellent location with outstanding visibility on Route 9.; - Easy access to major highways: 1 mile from I-90 (Mass Pike) and 3.5 miles from I-495.; - 4,000 SF of warehouse space available.
    Request Owner's contact information
    21 Turnpike Rd Southborough, MA 01772
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    21 Turnpike Rd
    Southborough, MA 01772
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    21 Turnpike Rd Southborough, MA 01772
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Joe Laursen
    Real Estate License ID: 9571029
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!