First-Floor Office
For Sale
$149,900
23-1017 Turnpike St, Canton, MA 02021
Ground-level suite offers convenient client access and an efficient layout for private offices or open work areas.
Property Size592 SF
Price / SF$253.21
Days on Market216
Property Features for 23-1017 Turnpike St
General Information
Standard status
Active
Size
592 SF
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
1
Taxes and HOA fees
Annual Taxes
$1,822
Listing Agency:
DMG Brokerage, LLC
(781) 591-3232
Listed By:
Jonathan Simon
(617) 895-9298
Source:
Exprealty
Added: Mar 17
Changed: Oct 2
Last Checked: Oct 16 at 9:50AM
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 DMG Brokerage, LLC
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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 592-square-foot office condominium occupies the first floor at 23-1017 Turnpike St. in Canton, Massachusetts. Ground-level entry supports convenient access for clients and staff, while the efficient suite layout can accommodate private offices, open work areas, or a small practice. The property is professionally managed and includes on-site parking.
The office is positioned along Turnpike Street, also designated Route 138, with access to Route 95, Route 93, and nearby amenities. Its configuration and accessibility support medical, professional, and service-oriented office uses identified for the suite.
The office is positioned along Turnpike Street, also designated Route 138, with access to Route 95, Route 93, and nearby amenities. Its configuration and accessibility support medical, professional, and service-oriented office uses identified for the suite.
Key Highlights
- 592 SF first‑floor office condominium
- Ground‑level access for clients and staff
- Efficient layout for private offices, open work areas, or a small practice
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,991
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,820
$259.8K
Cap Rate 7%
$185,586
$185.6K
Cap Rate 9%
$144,344
$144.3K
Market Conditions
NOI Build-Up for 592 SF
Gross rent
$20.7K $35.04/SF
− Vacancy
−$3.4K −$5.78/SF
EGI
$17.3K $29.26/SF
− OpEx
−$4.3K −$7.31/SF
NOI
$13.0K $21.94/SF
Area
Norfolk County, MA
Vacancy
16.50%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$259,820
Cap Rate 7%
$185,586
Cap Rate 9%
$144,344
Alternative Uses
Best Use
Office B
$185.6K
$162.4K – $216.5K
NOI $12,991 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$350.5K
$306.7K – $408.9K
NOI $24,532 @ 7.0% cap · market cap 16.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
97
Businesses Nearby
Explore this area
Business Placement
Demographics for 02021, MA
24,370
Population
9,955
Households
2.4
Avg Household Size
43
Median Age
65%
College-Educated
97%
High-School Grad
18.7 sq mi
ZIP Area
1,303
Density / Sq Mi
$128,341
Median Household Income
$80,408
Median Earnings
$2,237
Median Rent
$665,500
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Ground-level suite offers convenient client access and an efficient layout for private offices or open work areas.
Where is this office units located?
The property is located at 23-1017 Turnpike St Canton, MA.
What is the asking price?
The asking price for this property is $149,900.
What are key features of this property?
This property features: 592 SF first‑floor office condominium; Ground‑level access for clients and staff; Efficient layout for private offices, open work areas, or a small practice
