Flex Warehouse with Rear Garage
For Sale
Contact for pricing
284 West Street, Milford, MA 01757
950 SF unit offers restroom and optional office, electric and propane heat, and a 14' x 12' rear garage door.
Property Size950 SF
Price / SF$2.74
Days on Market109
Property Features for 284 West Street
General Information
Standard status
Active
Size
950 SF
Total Parking Spaces
3
Property subtype
Commercial
Lease Type
NNN
Building Details
Year Built
2026
Listing Agency:
ERA Key Realty Services
(508) 234-0550
Listed By:
Laura Hebb
(774) 804-1680
Source:
Lockandkeyre
Added: Jul 13
Changed: Oct 29
Last Checked: Oct 28 at 7:44AM
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 ERA Key Realty Services
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Investment Insights
Based on property information with market context.
New construction commercial building with approximately four units for lease (Unit 2–5), with occupancy anticipated in early November 2026. Each unit features individual electric and propane heat, a 950-square-foot layout with a restroom, and an option for office space. The units are designed with rear access via a 14' x 12' garage door and include a 20' ceiling height; Unit 2 includes one section at a 14' ceiling height.
Each unit includes three outdoor spaces, with additional outdoor space negotiable. Signs are allowed at the street and on the face of the building. Units can also be combined, with a 12' x 12' opening in the wall to join multiple units.
The offering references a five-year lease structure with $2,200 triple net for property taxes, insurance, dumpster, and property and snow maintenance, with multiple units to be negotiated. The property is located at 284 West Street in Milford, MA.
Each unit includes three outdoor spaces, with additional outdoor space negotiable. Signs are allowed at the street and on the face of the building. Units can also be combined, with a 12' x 12' opening in the wall to join multiple units.
The offering references a five-year lease structure with $2,200 triple net for property taxes, insurance, dumpster, and property and snow maintenance, with multiple units to be negotiated. The property is located at 284 West Street in Milford, MA.
Key Highlights
- New construction commercial unit, 950 SF, with restroom and option for office space
- Unit includes electric and propane heat
- Rear access features a 14' x 12' garage door and 20' ceiling height (Unit 2 has one section at 14')
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$8,672
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,440
$173.4K
Cap Rate 7%
$123,886
$123.9K
Cap Rate 9%
$96,356
$96.4K
Market Conditions
NOI Build-Up for 950 SF
Gross rent
$13.1K $13.80/SF
− Vacancy
−$721 −$0.76/SF
EGI
$12.4K $13.04/SF
− OpEx
−$3.7K −$3.91/SF
NOI
$8.7K $9.13/SF
Area
Worcester County, MA
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$173,440
Cap Rate 7%
$123,886
Cap Rate 9%
$96,356
Alternative Uses
Best Use
Warehouse
$158.1K
$138.4K – $184.5K
NOI $11,070 @ 7.0% cap · market cap 425.77%
Second Best
Flex RnD
$149.3K
$130.6K – $174.1K
NOI $10,448 @ 7.0% cap · market cap 401.85%
Theoretical Best
Office A
$324.4K
$283.9K – $378.5K
NOI $22,709 @ 7.0% cap · market cap 873.42%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
122
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 01757, MA
30,479
Population
11,833
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
87%
High-School Grad
15.1 sq mi
ZIP Area
2,018
Density / Sq Mi
$92,951
Median Household Income
$47,975
Median Earnings
$1,702
Median Rent
$444,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - 950 SF unit offers restroom and optional office, electric and propane heat, and a 14' x 12' rear garage door.
Where is this flex space located?
The property is located at 284 West Street Milford, MA.
What are key features of this property?
This property features: New construction commercial unit, 950 SF, with restroom and option for office space; Unit includes electric and propane heat; Rear access features a 14' x 12' garage door and 20' ceiling height (Unit 2 has one section at 14')
