Two-Story Mixed-Use
New
For Sale
$599,900
214 Charlton Road, Sturbridge, MA 01566
The first level has a medical-office layout, while the upper floor includes residential-style rooms and amenities.
Property Size1,956 SF
Price / SF$306.70
Days on Market4
Property Features for 214 Charlton Road
General Information
Standard status
Active
Size
1,956 SF
Total Parking Spaces
12
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
medical-grade flooring
hardwood floors
forced-air propane heat
central air conditioning
detached one-car garage
Building Details
Year Built
2014
Buildings
1
Stories
2
Building Size
1,956 SF
Owner Occupied
No
Listing Agency:
Berkshire Hathaway HomeServices Realty Professionals
Listed By:
Jennifer Tetreault · License #9527043
(413) 531-2817
Source:
Cbcommunityrealtors
Added: Oct 7
Changed: Oct 10
Last Checked: Oct 10 at 2:15AM
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 Berkshire Hathaway HomeServices Realty Professionals
Investment Insights
Based on property information with market context.
This two-level mixed-use property contains approximately 1,956 square feet and is vacant. The first floor is arranged for medical office use, with four private rooms, a waiting area, reception space, and a bathroom. Medical-grade flooring covers the original hardwood on this level. Upstairs are two bedrooms, a full bathroom, a kitchen, and a living room, with hardwood floors. The building was constructed in 2014 and has forced-air propane heat and central air conditioning.
A detached one-car garage and 12 parking spaces, including one designated accessible space, serve the property. The site is approximately 600 feet from the I-90 and I-84 interchange ramps, and less than 2 miles from Routes 131, 49, and 148. The property’s existing layout combines professional office space with a separate upper-floor configuration.
A detached one-car garage and 12 parking spaces, including one designated accessible space, serve the property. The site is approximately 600 feet from the I-90 and I-84 interchange ramps, and less than 2 miles from Routes 131, 49, and 148. The property’s existing layout combines professional office space with a separate upper-floor configuration.
Key Highlights
- Approximately 1,956 square feet across two floors
- First floor includes four private rooms, waiting area, reception space, and bathroom
- Upper level has two bedrooms, a full bathroom, kitchen, and living room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,648
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,960
$713.0K
Cap Rate 7%
$509,257
$509.3K
Cap Rate 9%
$396,089
$396.1K
Market Conditions
NOI Build-Up for 1,956 SF
Gross rent
$58.7K $30.00/SF
− Vacancy
−$11.1K −$5.70/SF
EGI
$47.5K $24.30/SF
− OpEx
−$11.9K −$6.08/SF
NOI
$35.6K $18.23/SF
Area
Worcester County, MA
Vacancy
19.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$712,960
Cap Rate 7%
$509,257
Cap Rate 9%
$396,089
Alternative Uses
Best Use
Office B
$509.3K
$445.6K – $594.1K
NOI $35,648 @ 7.0% cap · market cap 5.94%
Second Best
Healthcare Medical
$390.8K
$342.0K – $456.0K
NOI $27,357 @ 7.0% cap · market cap 4.56%
Theoretical Best
Office A
$667.9K
$584.5K – $779.3K
NOI $46,756 @ 7.0% cap · market cap 7.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
132
Businesses Nearby
Explore this area
Business Placement
Demographics for 01566, MA
6,691
Population
3,041
Households
2.2
Avg Household Size
46
Median Age
46%
College-Educated
95%
High-School Grad
25.0 sq mi
ZIP Area
268
Density / Sq Mi
$135,802
Median Household Income
$77,314
Median Earnings
$1,677
Median Rent
$393,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - The first level has a medical-office layout, while the upper floor includes residential-style rooms and amenities.
Where is this mixed-use property located?
The property is located at 214 Charlton Road Sturbridge, MA.
What is the asking price?
The asking price for this property is $599,900.
What are key features of this property?
This property features: Approximately 1,956 square feet across two floors; First floor includes four private rooms, waiting area, reception space, and bathroom; Upper level has two bedrooms, a full bathroom, kitchen, and living room
