Flex Property with Drive-In
231 Pulaski Boulevard, Bellingham, MA 02019
For Sale
New
Contact for pricing
Office space, a separate upper-level unit and garage facilities are arranged across a paved commercial site.
Property Size6,178 SF
Lot Size1.02 Acres
Price / SF$339.92
Days on Market6
Property Features for 231 Pulaski Boulevard
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Additional Details
Asking Price
Mezzanine
Property Use
Building Details
Building Size
Listing Agency:
Berkshire Hathaway New England Properties
Listed By:
Kyle Schrader · License MA RES.0808754
(860) 333-3242
Source:
Crexi
Added: Nov 5
Changed: Nov 8
Last Checked: Nov 8 at 5:53PM
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 New England Properties
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Investment Insights
Based on property information with market context.
This flex property brings together approximately 6,178 SF of office, upper-level living-style and garage/shop space on 1.019 acres. The two-story front building has a reception area and private offices on its first floor. Upstairs, a separate unit includes a kitchen, dining area, three bedrooms and a bathroom. The attached garage and shop features drive-in overhead doors, additional storage and garage bays, plus an approximately 1,200 SF loft.
The property fronts Route 126, a principal commercial corridor in South Bellingham. Woonsocket, Rhode Island, is minutes south, while Route 126 provides a direct northbound connection to I-495. A large paved lot serves the site.
The property fronts Route 126, a principal commercial corridor in South Bellingham. Woonsocket, Rhode Island, is minutes south, while Route 126 provides a direct northbound connection to I-495. A large paved lot serves the site.
Key Highlights
- ±6,178 SF of office, upper‑level unit, garage and shop space
- 1.019‑acre site with frontage on Route 126 in South Bellingham
- Two‑story front building with reception area and private offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$182,152
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,643,040
$3.6M
Cap Rate 7%
$2,602,171
$2.6M
Cap Rate 9%
$2,023,911
$2.0M
Market Conditions
NOI Build-Up for 6,178 SF
Gross rent
$311.4K $50.40/SF
− Vacancy
−$68.5K −$11.09/SF
EGI
$242.9K $39.31/SF
− OpEx
−$60.7K −$9.83/SF
NOI
$182.2K $29.48/SF
Area
Norfolk County, MA
Vacancy
22.00%
Lease Rate
$50.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,643,040
Cap Rate 7%
$2,602,171
Cap Rate 9%
$2,023,911
Alternative Uses
Best Use
Office B
$2.60M
$2.28M – $3.04M
NOI $182,152 @ 7.0% cap · market cap 8.67%
Second Best
Flex RnD
$1.51M
$1.33M – $1.77M
NOI $106,014 @ 7.0% cap · market cap 5.05%
Theoretical Best
Office A
$3.66M
$3.20M – $4.27M
NOI $256,015 @ 7.0% cap · market cap 12.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
381
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 02019, MA
16,945
Population
6,555
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
926
Density / Sq Mi
$120,966
Median Household Income
$61,453
Median Earnings
$1,788
Median Rent
$425,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Norfolk County, MA
Properties on Market for Flex space in Norfolk County
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- A Taste of Europe, LLC — 501 E School St, Woonsocket, RI 02895
Frequently Asked Questions
What type of property is this?
Flex space - Office space, a separate upper-level unit and garage facilities are arranged across a paved commercial site.
Where is this flex space located?
The property is located at 231 Pulaski Boulevard Bellingham, MA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: ±6,178 SF of office, upper‑level unit, garage and shop space; 1.019‑acre site with frontage on Route 126 in South Bellingham; Two‑story front building with reception area and private offices
