New Construction Office Building with
For Sale
Contact for pricing
3 Meadow Road, Spencer, MA 01562
New construction office space with drive-through features, ample parking, and easy access to major routes including Route 9.
Property Size11,700 SF
Price / SF$0.00
Days on Market242
Property Features for 3 Meadow Road
General Information
Standard status
Active
Size
11,700 SF
Property subtype
Commercial
Zoning
C
Lease Type
NNN
Site & Location
Highway Access
Yes
Road Access
Yes
Utilities to Site
Yes
Amenities
outdoor dining
Building Details
Building Size
11,700 SF
Year Built
2025
Buildings
2
Listing Agency:
RE/MAX Vision
(508) 595-9900
Listed By:
Mary Stolarczyk · License #453001917
(508) 612-1382
Source:
Churchillprop
Added: Mar 4
Changed: Oct 31
Last Checked: Oct 30 at 11:53AM
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 RE/MAX Vision
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Investment Insights
Based on property information with market context.
New construction office building featuring contemporary architecture and high-end finishes. The property includes 4,400 square feet on each floor in one building, plus 2,900 square feet in a separate drive-through building. Outdoor dining space of 1,200 square feet supports versatile retail or professional use, with customizable interior layout to fit tenant needs.
Conveniently located off Route 9 with easy access to Routes 49, 20, and the MA Pike, the site is set up for staff and client parking. Public water/sewer and natural gas are available, and the building was constructed in 2025.
This is a modern, configurable option for an office tenant seeking a new build with both traditional and drive-through-facing space, as well as outdoor dining capability.
Conveniently located off Route 9 with easy access to Routes 49, 20, and the MA Pike, the site is set up for staff and client parking. Public water/sewer and natural gas are available, and the building was constructed in 2025.
This is a modern, configurable option for an office tenant seeking a new build with both traditional and drive-through-facing space, as well as outdoor dining capability.
Key Highlights
- New construction completed in 2025
- 4,400 SF on each floor in one building
- 2,900 SF drive‑through building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$173,012
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,460,240
$3.5M
Cap Rate 7%
$2,471,600
$2.5M
Cap Rate 9%
$1,922,356
$1.9M
Market Conditions
NOI Build-Up for 11,700 SF
Gross rent
$252.7K $21.60/SF
− Vacancy
−$5.6K −$0.48/SF
EGI
$247.2K $21.12/SF
− OpEx
−$74.1K −$6.34/SF
NOI
$173.0K $14.79/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,460,240
Cap Rate 7%
$2,471,600
Cap Rate 9%
$1,922,356
Alternative Uses
Best Use
Office B
$3.05M
$2.67M – $3.55M
NOI $213,233 @ 7.0% cap · market cap 1,066,165.00%
Second Best
Retail
$2.47M
$2.16M – $2.88M
NOI $173,012 @ 7.0% cap · market cap 865,060.00%
Theoretical Best
Office A
$4.00M
$3.50M – $4.66M
NOI $279,677 @ 7.0% cap · market cap 1,398,385.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
110
Businesses Nearby
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Business Placement
Demographics for 01562, MA
11,992
Population
5,788
Households
2.1
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
32.9 sq mi
ZIP Area
364
Density / Sq Mi
$79,086
Median Household Income
$49,131
Median Earnings
$1,085
Median Rent
$368,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - New construction office space with drive-through features, ample parking, and easy access to major routes including Route 9.
Where is this office building located?
The property is located at 3 Meadow Road Spencer, MA.
What are key features of this property?
This property features: New construction completed in 2025; 4,400 SF on each floor in one building; 2,900 SF drive‑through building
