High-Bay Flex
274 CEDAR HILL ST, Marlborough, MA 01752
For Sale
New
Contact for pricing
Fully leased flex property combines warehouse capacity, open office space, loading docks, and surface parking.
Property Size69,646 SF
Lot Size5.14 Acres
Price / SF$154.35
Days on Market7
Property Features for 274 CEDAR HILL ST
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Occupancy
Additional Details
Highway Access
Dock-High Doors
Tenant in Place
Property Use
Building Details
Buildings
Building Size
Tenancy
Listing Agency:
LandVest
Listed By:
Dave Killen · License #MA 9581060
Source:
Crexi
Added: Nov 3
Changed: Nov 8
Last Checked: Nov 8 at 2:45PM
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 LandVest
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Investment Insights
Based on property information with market context.
The 5.14-acre property includes a 69,646-square-foot flex building with high-bay warehouse space and an open office/flex layout. Seven loading docks support shipping and distribution, and the site has approximately 130 surface parking spaces. The building is fully leased to a global fine art auctioneer and has been maintained over time.
Located in Cedar Hill Business Park in Marlborough, Massachusetts, the property is minutes from Route 495, with access to I-290 and the Massachusetts Turnpike (I-90). These routes connect the site with Greater Boston, Central Massachusetts, and the wider New England region.
Located in Cedar Hill Business Park in Marlborough, Massachusetts, the property is minutes from Route 495, with access to I-290 and the Massachusetts Turnpike (I-90). These routes connect the site with Greater Boston, Central Massachusetts, and the wider New England region.
Key Highlights
- 69,646‑square‑foot building on 5.14 acres
- Fully leased to a global fine art auctioneer
- High‑bay warehouse and open office/flex layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$899,566
Cap Rate
8.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,991,320
$18.0M
Cap Rate 7%
$12,850,943
$12.9M
Cap Rate 9%
$9,995,178
$10.0M
Market Conditions
NOI Build-Up for 69,646 SF
Gross rent
$1.12M $16.08/SF
− Vacancy
−$61.6K −$0.88/SF
EGI
$1.06M $15.20/SF
− OpEx
−$158.7K −$2.28/SF
NOI
$899.6K $12.92/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,991,320
Cap Rate 7%
$12,850,943
Cap Rate 9%
$9,995,178
Alternative Uses
Best Use
Warehouse
$12.85M
$11.24M – $14.99M
NOI $899,566 @ 7.0% cap · market cap 8.37%
Second Best
Industrial
$10.58M
$9.26M – $12.35M
NOI $740,819 @ 7.0% cap · market cap 6.89%
Theoretical Best
Office A
$41.23M
$36.08M – $48.10M
NOI $2,886,112 @ 7.0% cap · market cap 26.85%
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
Lease Details
7
Dock-high doors
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
426
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01752, MA
41,793
Population
17,370
Households
2.4
Avg Household Size
40
Median Age
41%
College-Educated
89%
High-School Grad
20.9 sq mi
ZIP Area
2,000
Density / Sq Mi
$95,047
Median Household Income
$49,012
Median Earnings
$1,721
Median Rent
$485,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Flex space in Middlesex County, MA
Properties on Market for Flex space in Middlesex County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Fully leased flex property combines warehouse capacity, open office space, loading docks, and surface parking.
Where is this flex space located?
The property is located at 274 CEDAR HILL ST Marlborough, MA.
What is the asking price?
The asking price for this property is $10,750,000.
What are key features of this property?
This property features: 69,646‑square‑foot building on 5.14 acres; Fully leased to a global fine art auctioneer; High‑bay warehouse and open office/flex layout
