Residential Income Property with
For Sale
$699,900
Pending
2A Wilson Road A, Millbury, MA 01527
Recently built residential property with central air, an attached garage, and a dedicated workshop area.
Property Size2,306 SF
Days on Market237
Property Features for 2A Wilson Road A
General Information
Standard status
Pending
Size
2,306 SF
Total Parking Spaces
5
Property subtype
Residential Income
Zoning
Res
Amenities
Stable(s), Golf
Central Air
Heat Pump, Electric
Microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, Range, Plumbed For Ice Maker
Recessed Lighting
Living Room
Attached, Garage Door Opener, Workshop in Garage, Off Street, Driveway, Garage
Garden
Building Details
Building Size
2,306 SF
Year Built
2025
Stories
2
Listed By:
Claire Rainville · License #9050611
(508) 864-4151
Source:
Evrealestate
Added: Jan 8
Changed: Sep 2
Last Checked: Aug 31 at 2:02PM
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 Claire Rainville
Investment Insights
Based on property information with market context.
This residential income property at 2A Wilson Road A in Millbury includes 2,306 square feet of interior space and was built in 2025. The home features central air, electric heat pump systems, recessed lighting, and a living room. The kitchen includes a microwave, ENERGY STAR Qualified Refrigerator, ENERGY STAR Qualified Dishwasher, range, and plumbing for an ice maker.
An attached garage provides off-street parking, a garage door opener, and workshop space. Additional exterior features include a driveway and garden. The property is located in Worcester County, with access from Millbury Avenue to Wilson Road.
An attached garage provides off-street parking, a garage door opener, and workshop space. Additional exterior features include a driveway and garden. The property is located in Worcester County, with access from Millbury Avenue to Wilson Road.
Key Highlights
- 2,306 square feet of interior space
- Built in 2025
- Central air with electric heat pump
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
$27,128
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
3.88%
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%
$542,560
$542.6K
Cap Rate 7%
$387,543
$387.5K
Cap Rate 9%
$301,422
$301.4K
Market Conditions
NOI Build-Up for 2,306 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
$50.6K $21.96/SF
− Vacancy
−$1.3K −$0.57/SF
EGI
$49.3K $21.39/SF
− OpEx
−$22.2K −$9.63/SF
NOI
$27.1K $11.76/SF
Area
Worcester County, MA
Vacancy
2.60%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
45.00%
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%
$542,560
Cap Rate 7%
$387,543
Cap Rate 9%
$301,422
Alternative Uses
Best Use
Apartment 5plus
$387.5K
$339.1K – $452.1K
NOI $27,128 @ 7.0% cap · market cap 3.88%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$787.5K
$689.0K – $918.7K
NOI $55,123 @ 7.0% cap · market cap 7.88%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
60
Businesses Nearby
Explore this area
Business Placement
Demographics for 01527, MA
13,799
Population
5,603
Households
2.5
Avg Household Size
44
Median Age
33%
College-Educated
94%
High-School Grad
15.6 sq mi
ZIP Area
885
Density / Sq Mi
$116,000
Median Household Income
$62,911
Median Earnings
$1,507
Median Rent
$415,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Recently built residential property with central air, an attached garage, and a dedicated workshop area.
Where is this residential income property located?
The property is located at 2A Wilson Road A Millbury, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: 2,306 square feet of interior space; Built in 2025; Central air with electric heat pump
