Freestanding Flex
New
For Sale
$2,750,000
29 Bartlett, Marlborough, MA 01752
A single-story layout combines collaborative workspace, conference facilities, a kitchen, and covered delivery access.
Property Size12,294 SF
Lot Size3.62 Acres
Price / SF$223.69
Days on Market4
Property Features for 29 Bartlett
General Information
Standard status
Active
Size
12,294 SF
Total Parking Spaces
38
Lot size
3.62 Acres
Property subtype
Commercial
Additional Details
Highway Access
Yes
Amenities
conference room
kitchen
lunch room
file/data rooms
outdoor seating area
covered loading/delivery area
Building Details
Building Size
12,294 SF
Year Built
2006
Buildings
1
Stories
1
Listing Agency:
Gordon Real Estate
(508) 370-3333
Listed By:
Jon Gordon · License #MA9538444
(508) 245-9728
Source:
Iverty
Added: Sep 30
Changed: Oct 3
Last Checked: Oct 2 at 11:34PM
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 Gordon Real Estate
Investment Insights
Based on property information with market context.
Built in 2006, this 12,294-square-foot flex property sits on 3.62 acres in a standalone, single-story building. The interior includes an entry foyer, a conference room that can be divided, an open work area, a kitchen, a lunchroom, and file and data rooms. Skylights, glass walls, high ceilings, decorative lighting, an outdoor seating area, and a covered loading and delivery area are additional features. High-end furniture may be included as an option.
The property has 38 on-site parking spaces and access to I-495, I-290, I-90, the Mass Pike, Routes 9, 20, and 135.
The property has 38 on-site parking spaces and access to I-495, I-290, I-90, the Mass Pike, Routes 9, 20, and 135.
Key Highlights
- 12,294‑square‑foot building on 3.62 acres
- Single‑story flex building constructed in 2006
- Dividable conference room, open work area, kitchen, lunchroom, and file/data rooms
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$130,770
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,615,400
$2.6M
Cap Rate 7%
$1,868,143
$1.9M
Cap Rate 9%
$1,453,000
$1.5M
Market Conditions
NOI Build-Up for 12,294 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$197.7K $16.08/SF
− Vacancy
−$10.9K −$0.88/SF
EGI
$186.8K $15.20/SF
− OpEx
−$56.0K −$4.56/SF
NOI
$130.8K $10.64/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,615,400
Cap Rate 7%
$1,868,143
Cap Rate 9%
$1,453,000
Alternative Uses
Best Use
Office B
$5.57M
$4.88M – $6.50M
NOI $390,094 @ 7.0% cap · market cap 14.19%
Second Best
Industrial
$1.87M
$1.63M – $2.18M
NOI $130,770 @ 7.0% cap · market cap 4.76%
Theoretical Best
Office A
$7.28M
$6.37M – $8.49M
NOI $509,460 @ 7.0% cap · market cap 18.53%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
373
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
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Flex space - A single-story layout combines collaborative workspace, conference facilities, a kitchen, and covered delivery access.
Where is this flex space located?
The property is located at 29 Bartlett Marlborough, MA.
What is the asking price?
The asking price for this property is $2,750,000.
What are key features of this property?
This property features: 12,294‑square‑foot building on 3.62 acres; Single‑story flex building constructed in 2006; Dividable conference room, open work area, kitchen, lunchroom, and file/data rooms
