Building Details

Year Built 1970

Listing Agency: Greater Boston Commercial Properties, Inc.

Listed By: Bret O'Brien · License #8994 Show Phone

Source: Churchillprop

Added: Sep 4 Changed: Oct 6 Last Checked: Oct 20 at 6:04PM

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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 Greater Boston Commercial Properties, Inc.

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Investment Insights

Based on property information with market context.

This 4,500-square-foot warehouse was built in 1970 and includes one loading dock for freight handling. The property carries Industrial zoning and is located at 211 Shrewsbury St in West Boylston, Massachusetts.

Key Highlights

• 4,500 sq. ft. warehouse facility
• Industrial zoning
• One loading dock

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$52,436

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,048,720 $1.0M

Cap Rate 7%

$749,086 $749.1K

Cap Rate 9%

$582,622 $582.6K

What to ask about pricing

Market Conditions

NOI Build-Up for 4,500 SF

Gross rent

$64.8K $14.40/SF

− Vacancy

−$3.1K −$0.69/SF

EGI

$61.7K $13.71/SF

− OpEx

−$9.3K −$2.06/SF

NOI

$52.4K $11.65/SF

Area

Worcester County, MA

Vacancy

4.80%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,048,720

Cap Rate 7%

$749,086

Cap Rate 9%

$582,622

Alternative Uses

Best Use

Warehouse

$749.1K

$655.5K – $873.9K (±1% cap)

NOI $52,436 @ 7.0% cap · market cap 524,360.00%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.54M

$1.34M – $1.79M (±1% cap)

NOI $107,568 @ 7.0% cap · market cap 1,075,680.00%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Warehouses

Suggested Use

Top Pick Restaurant Building Supply Auto Parts Store Big Box & Wholesale Store Parking Lot & Garage Spa & Massage Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

75

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 01583, MA

7,652

Population

2,946

Households

2.6

Avg Household Size

45

Median Age

42%

College-Educated

92%

High-School Grad

12.6 sq mi

ZIP Area

607

Density / Sq Mi

$100,427

Median Household Income

$58,724

Median Earnings

$1,248

Median Rent

$399,700

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Warehouse - Warehouse facility with industrial zoning and dedicated loading access.

Where is this warehouse located?

The property is located at 211 Shrewsbury St West Boylston, MA.

What are key features of this property?

This property features: 4,500 sq. ft. warehouse facility; Industrial zoning; One loading dock