Industrial Condos with Drive-In
For Sale
Contact for pricing
265 Main St, Northborough, MA 01532
Two smaller office/industrial condo spaces are available with drive-in door access on Route 20.
Property Size2,250 SF
Price / SF$144.44
Days on Market1359
Property Features for 265 Main St
General Information
Standard status
Active
Size
2,250 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Drive-In Doors
1
Listing Agency:
NAI | Parsons Commercial Group - Boston
(617) 962-0162
Listed By:
Arlon Brown, SIOR
(617) 962-0162
Source:
Moodyscre
Added: Nov 9, 2022
Changed: Jul 25
Last Checked: Jul 29 at 3:07PM
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 NAI | Parsons Commercial Group - Boston
Investment Insights
Based on property information with market context.
For sale are rare, smaller office/industrial condo spaces totaling two available suites of approximately 2,250 square feet each. The offering includes immediately available units designed for a combined office and industrial setup, with drive-in door access for practical loading and receiving.
The property is described as having easy access to Route 495 and is right on Route 20. It is also located within a mile of numerous hotels, restaurants, and shopping, supporting convenient everyday access for employees and visitors.
Each available unit is presented as an office/industrial condo, making the configuration well-suited for businesses that need both workspace and warehouse-style access.
The property is described as having easy access to Route 495 and is right on Route 20. It is also located within a mile of numerous hotels, restaurants, and shopping, supporting convenient everyday access for employees and visitors.
Each available unit is presented as an office/industrial condo, making the configuration well-suited for businesses that need both workspace and warehouse-style access.
Key Highlights
- Two 2,250 SF office/industrial condo spaces available at $352,000 each
- Drive‑in door access for both spaces
- Located right on Route 20
Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $32.4k | $14.40 |
| − Vacancy | −$1.6k | −$0.69 |
| EGI | $30.8k | $13.71 |
| − OpEx | −$4.6k | −$2.06 |
| NOI | $26.2k | $11.65 |
2,250 SF · lease $14.40/SF/yr · vacancy 4.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$374.5K
$327.7K – $437.0K
NOI $26,218 @ 7.0% cap · market cap 8.07%
Second Best
Flex RnD
$353.5K
$309.3K – $412.4K
NOI $24,746 @ 7.0% cap · market cap 7.61%
Theoretical Best
Office A
$768.3K
$672.3K – $896.4K
NOI $53,784 @ 7.0% cap · market cap 16.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
355
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01532, MA
15,741
Population
5,913
Households
2.7
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
18.5 sq mi
ZIP Area
851
Density / Sq Mi
$174,358
Median Household Income
$90,816
Median Earnings
$2,087
Median Rent
$598,500
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Sir Loin Catering — 369 W Main St, Northborough, MA 01532
- The Social Mobile Tavern — 369 W Main St, Northborough, MA 01532
Frequently Asked Questions
What type of property is this?
Flex space - Two smaller office/industrial condo spaces are available with drive-in door access on Route 20.
Where is this flex space located?
The property is located at 265 Main St Northborough, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Two 2,250 SF office/industrial condo spaces available at $352,000 each; Drive‑in door access for both spaces; Located right on Route 20
