Warehouse with Overhead
229 N Main St, North Brookfield, MA 01535
For Sale
Contact for pricing
Open warehouse space with concrete floors, elevated ceilings, and vehicle access through multiple overhead doors.
Property Size2,685 SF
Price / SF$0.63
Days on Market62
Property Features for 229 N Main St
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
eXp Realty LLC
(888) 854-7493
Listed By:
Michelle Terry Team
(508) 202-0008
Source:
Lockandkeyre
Added: Sep 9
Changed: Nov 8
Last Checked: Nov 8 at 6:35AM
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 eXp Realty LLC
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Investment Insights
Based on property information with market context.
This warehouse offers an open interior configured for storage of vehicles, equipment, and materials. Concrete flooring, high ceilings, and several overhead garage doors support convenient movement of larger items and equipment. The property was built in 1900.
Located at 229 N Main St in North Brookfield, the building provides central access to the town and surrounding communities. Potential users include contractors, construction companies, landscapers, snow-removal operations, and other trades-oriented businesses requiring indoor storage. Intended use and any required permitting should be confirmed with the Town of North Brookfield.
Located at 229 N Main St in North Brookfield, the building provides central access to the town and surrounding communities. Potential users include contractors, construction companies, landscapers, snow-removal operations, and other trades-oriented businesses requiring indoor storage. Intended use and any required permitting should be confirmed with the Town of North Brookfield.
Key Highlights
- Open warehouse interior with concrete flooring and high ceilings
- Multiple overhead garage doors provide vehicle and equipment access
- Suitable for vehicle, equipment, and material storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,287
Suggested Prices Based on Cap Rates
Cap Rate 5%
$625,740
$625.7K
Cap Rate 7%
$446,957
$447.0K
Cap Rate 9%
$347,633
$347.6K
Market Conditions
NOI Build-Up for 2,685 SF
Gross rent
$38.7K $14.40/SF
− Vacancy
−$1.9K −$0.69/SF
EGI
$36.8K $13.71/SF
− OpEx
−$5.5K −$2.06/SF
NOI
$31.3K $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%
$625,740
Cap Rate 7%
$446,957
Cap Rate 9%
$347,633
Alternative Uses
Best Use
Warehouse
$447.0K
$391.1K – $521.5K
NOI $31,287 @ 7.0% cap · market cap 1,840.41%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$916.9K
$802.3K – $1.07M
NOI $64,182 @ 7.0% cap · market cap 3,775.41%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 01535, MA
4,735
Population
2,163
Households
2.2
Avg Household Size
44
Median Age
26%
College-Educated
95%
High-School Grad
21.3 sq mi
ZIP Area
222
Density / Sq Mi
$81,010
Median Household Income
$55,393
Median Earnings
$973
Median Rent
$316,500
Median Home Value
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Market
Average Price Trend$/SF for Warehouses in Worcester County, MA
Properties on Market for Warehouses in Worcester County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Warehouse - Open warehouse space with concrete floors, elevated ceilings, and vehicle access through multiple overhead doors.
Where is this warehouse located?
The property is located at 229 N Main St North Brookfield, MA.
What are key features of this property?
This property features: Open warehouse interior with concrete flooring and high ceilings; Multiple overhead garage doors provide vehicle and equipment access; Suitable for vehicle, equipment, and material storage
