Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28 Draper Ln, Unit 25L Canton, MA 02021

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $4 SF/Yr ($3,933 /Mo)

    Industrial warehouse space available for lease in Canton, Massachusetts.

    Property size:
    11,800 SF
    Lot size:
    11,800 SF

    Property Features for 28 Draper Ln

    General Information

    Standard status
    Active
    Size
    11,800 SF

    Building Details

    Year built
    1896

    We can help!

    Listing Contact
    Dan Gardner
    Source: Corcoran

    Listing Agency: DMG Brokerage, LLC Listing Agent: Dan Gardner

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Canton Warehouse Space Available

    Available for lease is an industrial warehouse property encompassing 11,800 square feet. The property is located in Canton, Massachusetts.
    Location Intelligence

    Current Use by Public Records

    Dance With Spirit Dance School Appleton Antique Lighting Lighting Store Body Prime Fitness Fitness Center Draper Knitting Company Fabric Product Manufacturer Shipps Inc Manufacturer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Locked N Loaded Portable Storage

    Location Insight

    • Map
    • Local Demand
    City
    Canton
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1414787
    Latitude
    42.172785

    Nearby Similar for Lease

    • Contact for pricing
      8,068 SF

      Canton Office Space For Lease

      8,068 SF office space in Canton, MA for lease.
      35 Shawmut Rd, Canton, MA 02021
      View Details
    • $6 SF/Yr
      6,249 SF

      Canton Office Space for Lease

      Flexible Workspaces in Prime Location
      437 Turnpike St, Canton, MA 02021
      View Details
    • $10 SF/Yr
      8,247 SF

      Canton Executive Office Space

      8,247 SF Flex Office, Ample Parking
      45 Dan Rd, Canton, MA 02021
      View Details
    • Contact for pricing
      282,800 SF

      Village Shoppes of Canton Retail

      Prime Canton retail space, multiple units available.
      95 Washington St, Canton, MA 02021
      View Details
    • Contact for pricing
      11,550 SF

      Canton Office Space For Lease

      Office space for lease in Canton, Massachusetts.
      45 Shawmut Rd, Canton, MA 02021
      View Details
    • Contact for pricing
      286,577 SF

      Canton Executive Office Suites

      Prime Canton location, multiple suites available
      0 Washington St. & Sharon St, Canton, MA 02021
      View Details
    • Contact for pricing
      33,000 SF

      Warehouse/Manufacturing Space in Canton, MA

      16,500-33,000 SF warehouse/manufacturing space for lease in Canton, MA.
      100 Energy Dr, Canton, MA 02021
      View Details
    • $3,800 /Mo
      3,800 SF

      Flex/Warehouse Space for Rent

      Adaptable office, industrial, manufacturing, and warehousing spaces available for rent.
      28 Draper Ln, Canton, MA 02021
      View Details
    • $1,850 /Mo

      Main Street Office Space Available

      Professional office spaces with flexible layouts in high-traffic location.
      295 Turnpike St, Canton, MA 02021
      View Details
    • Contact for pricing
      11,000 SF

      Prime Retail Space Available

      11,000 SF retail space in high-traffic Canton location.
      2-22 Washington St, Canton, MA 02021
      View Details
    • Contact for pricing
      15,000 SF

      Industrial Warehouse Space For Lease

      15,000 SF industrial space with office and loading docks.
      1 Pequot Way, Canton, MA 02021
      View Details
    • Contact for pricing
      3,714 SF

      Office Space with Ample Parking

      Office space for rent with convenient access and basement storage.
      275 Turnpike St, Canton, MA 02021
      View Details

    FAQs

    What type of property is this?
    Warehouse - Industrial warehouse space available for lease in Canton, Massachusetts.
    Where is this warehouse located?
    The property is located at 28 Draper Ln, Unit 25L Canton, MA.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Industrial warehouse space available for lease.; - Located in Canton, Massachusetts.; - Year Built: 1896.
    (781) 591-3232
    Request Owner's contact information
    28 Draper Ln, Unit 25L Canton, MA 02021
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    28 Draper Ln, Unit 25L
    Canton, MA 02021
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    28 Draper Ln, Unit 25L Canton, MA 02021
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Dan Gardner
    (781) 591-3232
    Learn more
    Google sign-in failed. Please try again or use another login method.