Second-Floor Office
For Sale
Contact for pricing
272 South St, Walpole, MA 02081
Commercial Sale, Walpole, MA
Property Size1,500 SF
Price / SF$1.98
Days on Market202
Property Features for 272 South St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COMM
Zoning description
Legal Conforming
Bathrooms
1
Full bathrooms
1
Rooms
Bathroom 1
Directions
GPS
Standard status
Active
Taxes and HOA fees
Tax Year
2026
Building Details
Year built
2023
Listing Agency:
REMAX Executive Realty · RE/MAX International
Listed By:
Bill Wright · License #5503
(508) 520-9696
Added: Apr 15
Changed: Oct 18
Last Checked: Nov 2 at 6:06PM
MLS# 73501753
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 2023, this 1,500-square-foot office unit occupies the entire second floor of a newer building within a three-building industrial complex. The layout can remain open or be divided with interior walls, allowing the space to accommodate office, service, or operations functions. The second floor is dedicated to this unit and is not shared with other occupants.
The property is at 272 South St in Walpole, Massachusetts, with convenient access to Route 1, Route 1A, downtown Walpole, and train service. COMM zoning is identified for the property.
The property is at 272 South St in Walpole, Massachusetts, with convenient access to Route 1, Route 1A, downtown Walpole, and train service. COMM zoning is identified for the property.
Key Highlights
- 1,500 SF office unit on the entire second floor
- Built in 2023 within a complex of 3 industrial buildings
- Open layout can be divided with walls
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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Current Use
Location Intelligence
Trade Area within ½ mile
249
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible office, service, or operations space with an open plan and private full-floor occupancy.
Where is this office unit located?
The property is located at 272 South St Walpole, MA.
What are key features of this property?
This property features: 1,500 SF office unit on the entire second floor; Built in 2023 within a complex of 3 industrial buildings; Open layout can be divided with walls
