Flex Space with Office and
214 Nashua Street, Leominster, MA 01453
For Sale
Contact for pricing
The property combines office and warehouse areas with overhead-door access and off-street parking.
Property Size7,000 SF
Price / SF$0.79
Days on Market52
Property Features for 214 Nashua Street
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Abandoned
Listing Agency:
Coldwell Banker Realty - Leominster
(978) 840-4014
Listed By:
Douglas Tammelin · License MA #454502380
(978) 514-3423
Source:
Churchillprop
Added: Sep 24
Changed: Oct 31
Last Checked: Nov 12 at 5:29AM
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 Coldwell Banker Realty - Leominster
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 7,000-square-foot flex property contains office space alongside a warehouse area. Overhead doors provide access to the warehouse, and off-street parking is available. The building dates to 1960 and is zoned CBD.
At 214 Nashua Street in Leominster, the property is within 1 mile of Route 2 and Route 190.
At 214 Nashua Street in Leominster, the property is within 1 mile of Route 2 and Route 190.
Key Highlights
- 7,000 square feet of flex space
- Office and warehouse areas in one property
- Warehouse access through overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,901
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,278,020
$1.3M
Cap Rate 7%
$912,871
$912.9K
Cap Rate 9%
$710,011
$710.0K
Market Conditions
NOI Build-Up for 7,000 SF
Gross rent
$96.6K $13.80/SF
− Vacancy
−$5.3K −$0.76/SF
EGI
$91.3K $13.04/SF
− OpEx
−$27.4K −$3.91/SF
NOI
$63.9K $9.13/SF
Area
Worcester County, MA
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,278,020
Cap Rate 7%
$912,871
Cap Rate 9%
$710,011
Alternative Uses
Best Use
Warehouse
$1.17M
$1.02M – $1.36M
NOI $81,567 @ 7.0% cap
Second Best
Flex RnD
$1.10M
$962.3K – $1.28M
NOI $76,986 @ 7.0% cap
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,328 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
551
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01453, MA
43,752
Population
18,895
Households
2.3
Avg Household Size
41
Median Age
32%
College-Educated
90%
High-School Grad
26.4 sq mi
ZIP Area
1,657
Density / Sq Mi
$82,098
Median Household Income
$52,247
Median Earnings
$1,282
Median Rent
$345,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Worcester County, MA
Properties on Market for Flex space in Worcester County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - The property combines office and warehouse areas with overhead-door access and off-street parking.
Where is this flex space located?
The property is located at 214 Nashua Street Leominster, MA.
What are key features of this property?
This property features: 7,000 square feet of flex space; Office and warehouse areas in one property; Warehouse access through overhead doors
