Divisible Second-Floor Office
For Sale
Contact for pricing
272 South St, Walpole, MA 02081
Newer second-floor office suite offers 1,500 SF and can be kept open or divided with walls.
Property Size1,500 SF
Price / SF$1.98
Days on Market185
Property Features for 272 South St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Commercial
Zoning
COMM
Lease Type
NNN
Building Details
Year Built
2023
Listing Agency:
REMAX Executive Realty
(508) 520-9696
Listed By:
Lorraine Kuney · License #810167
(508) 380-9938
Source:
Churchillprop
Added: Apr 15
Changed: Oct 6
Last Checked: Oct 14 at 8:12PM
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 REMAX Executive Realty
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Investment Insights
Based on property information with market context.
This newer second-floor office space totals 1,500 SF and can be configured as an open area or divided into separate rooms with walls. The space is part of a complex of three industrial buildings.
The entire second floor is dedicated to this office suite and is not shared at that level. The property is located with convenient access to RT 1/1A for travel to downtown Walpole and the train.
As offered, the suite’s layout supports a range of office configurations, from collaborative, open-plan use to a more compartmentalized setup using interior walls.
The entire second floor is dedicated to this office suite and is not shared at that level. The property is located with convenient access to RT 1/1A for travel to downtown Walpole and the train.
As offered, the suite’s layout supports a range of office configurations, from collaborative, open-plan use to a more compartmentalized setup using interior walls.
Key Highlights
- Newer office space built in 2023 with 1,500 SF on the 2nd floor
- Suite can be kept open or divided with walls
- Entire 2nd‑floor space is dedicated to this suite and not shared on the level
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,916
Suggested Prices Based on Cap Rates
Cap Rate 5%
$658,320
$658.3K
Cap Rate 7%
$470,229
$470.2K
Cap Rate 9%
$365,733
$365.7K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$52.6K $35.04/SF
− Vacancy
−$8.7K −$5.78/SF
EGI
$43.9K $29.26/SF
− OpEx
−$11.0K −$7.31/SF
NOI
$32.9K $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%
$658,320
Cap Rate 7%
$470,229
Cap Rate 9%
$365,733
Alternative Uses
Best Use
Office B
$470.2K
$411.5K – $548.6K
NOI $32,916 @ 7.0% cap · market cap 1,110.53%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$888.0K
$777.0K – $1.04M
NOI $62,160 @ 7.0% cap · market cap 2,097.17%
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
249
Businesses Nearby
Explore this area
Business Placement
Demographics for 02081, MA
20,584
Population
7,663
Households
2.7
Avg Household Size
43
Median Age
61%
College-Educated
97%
High-School Grad
17.7 sq mi
ZIP Area
1,163
Density / Sq Mi
$150,233
Median Household Income
$75,808
Median Earnings
$1,980
Median Rent
$647,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Newer second-floor office suite offers 1,500 SF and can be kept open or divided with walls.
Where is this office units located?
The property is located at 272 South St Walpole, MA.
What are key features of this property?
This property features: Newer office space built in 2023 with 1,500 SF on the 2nd floor; Suite can be kept open or divided with walls; Entire 2nd‑floor space is dedicated to this suite and not shared on the level
