Building Details

Year Built 1970

Listing Agency: Coldwell Banker Realty - Worcester Show Phone

Listed By: Brandon O'Neal · License #K8000689 Show Phone

Source: Lockandkeyre

Added: Sep 8 Changed: Oct 29 Last Checked: Oct 30 at 4:12PM

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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 - Worcester

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Investment Insights

Based on property information with market context.

Unit D provides approximately 2,800 SF of flexible industrial space at 237 River Rd in Uxbridge, Massachusetts. The layout combines warehouse area with an office mezzanine, storage mezzanine, and half bath. Approximately 22-foot clear heights, two drive-in doors, and updated lighting support a range of operational needs. A 9,000-lb lift is negotiable.

The property offers access to Route 146, along with a newer roof and paved parking area. Immediate occupancy is available. Permitted user categories identified for the space include contractors, warehousing, distribution, manufacturing, inventory storage, and fitness facilities. Auto repair and service uses are not permitted; sales and hard parts users may be considered.

Key Highlights

• Approximately 2,800 SF in Unit D
• Approximately 22‑foot clear‑height ceilings
• Two drive‑in doors for direct loading access

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$25,560

Suggested Prices Based on Cap Rates

Cap Rate 5%

$511,200 $511.2K

Cap Rate 7%

$365,143 $365.1K

Cap Rate 9%

$284,000 $284.0K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$38.6K $13.80/SF

− Vacancy

−$2.1K −$0.76/SF

EGI

$36.5K $13.04/SF

− OpEx

−$11.0K −$3.91/SF

NOI

$25.6K $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%

$511,200

Cap Rate 7%

$365,143

Cap Rate 9%

$284,000

Alternative Uses

Best Use

Warehouse

$466.1K

$407.8K – $543.8K (±1% cap)

NOI $32,627 @ 7.0% cap · market cap 271,891.67%

Second Best

Flex RnD

$439.9K

$384.9K – $513.2K (±1% cap)

NOI $30,794 @ 7.0% cap · market cap 256,616.67%

Theoretical Best

Office A

$956.2K

$836.6K – $1.12M (±1% cap)

NOI $66,931 @ 7.0% cap · market cap 557,758.33%

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

Agility Rush K9 Animal Training New England Metal ... Metal Fabrication Plant

Suggested Use

Top Pick Storage Facility Furniture & Home Goods Garden Center Auto Parts Store Nail Salon Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

22 ft

Clear height

2

Drive-in doors

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

107

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 01569, MA

14,193

Population

5,523

Households

2.6

Avg Household Size

44

Median Age

39%

College-Educated

96%

High-School Grad

29.4 sq mi

ZIP Area

483

Density / Sq Mi

$122,458

Median Household Income

$61,245

Median Earnings

$1,480

Median Rent

$417,900

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Industrial unit with office and storage mezzanines, updated lighting, and immediate occupancy available.

Where is this flex space located?

The property is located at 237 River Rd Unit D Uxbridge, MA.

What are key features of this property?

This property features: Approximately 2,800 SF in Unit D; Approximately 22‑foot clear‑height ceilings; Two drive‑in doors for direct loading access