Flex Building with Retail
221 Worcester Road, Framingham, MA 01701
For Sale
Contact for pricing
A 6,280-square-foot property combines flex and retail space with on-site parking and highway access.
Property Size6,280 SF
Price / SF$342.36
Days on Market8
Property Features for 221 Worcester Road
General Information
Standard status
Size
Property subtype
Additional Details
Highway Access
Property Use
Building Details
Buildings
Building Size
Listing Agency:
R.W. Holmes Realty Co
Listed By:
Craig Johnston · License MA 9010879-RE-B
(508) 651-9022
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 5:35PM
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 R.W. Holmes Realty Co
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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.
The Framingham property contains 6,280 square feet configured for flex and retail use. On-site parking serves the building, and highway access is noted as a feature of the property.
Located at 221 Worcester Road, the building is in a high-traffic area.
Located at 221 Worcester Road, the building is in a high-traffic area.
Key Highlights
- 6,280 SF flex and retail building
- On‑site parking
- Highway access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$90,261
Cap Rate
4.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,805,220
$1.8M
Cap Rate 7%
$1,289,443
$1.3M
Cap Rate 9%
$1,002,900
$1.0M
Market Conditions
NOI Build-Up for 6,280 SF
Gross rent
$137.9K $21.96/SF
− Vacancy
−$9.0K −$1.43/SF
EGI
$128.9K $20.53/SF
− OpEx
−$38.7K −$6.16/SF
NOI
$90.3K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,805,220
Cap Rate 7%
$1,289,443
Cap Rate 9%
$1,002,900
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.50M
NOI $90,261 @ 7.0% cap · market cap 4.20%
Second Best
Industrial
$959.3K
$839.4K – $1.12M
NOI $67,153 @ 7.0% cap · market cap 3.12%
Theoretical Best
Office A
$3.72M
$3.25M – $4.34M
NOI $260,242 @ 7.0% cap · market cap 12.10%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,304
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01701, MA
33,005
Population
13,131
Households
2.5
Avg Household Size
44
Median Age
61%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
1,953
Density / Sq Mi
$127,000
Median Household Income
$69,672
Median Earnings
$1,973
Median Rent
$612,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Middlesex County, MA
Properties on Market for Flex space in Middlesex County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Triple S Barbecue Sauce — 1400 Worcester St, Natick, MA 01760, United States
- Kikis Jugos on Wheels, LLC — 945 Concord St suite: 12002, Framingham, MA 01701
Frequently Asked Questions
What type of property is this?
Flex space - A 6,280-square-foot property combines flex and retail space with on-site parking and highway access.
Where is this flex space located?
The property is located at 221 Worcester Road Framingham, MA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: 6,280 SF flex and retail building; On‑site parking; Highway access
