Two-Level Flex
New
For Sale
$699,999
330 Tacoma St #5, Worcester, MA 01605
A warehouse and administrative workspace are combined in a two-story condominium layout.
Property Size1,900 SF
Days on Market5
Property Features for 330 Tacoma St #5
General Information
Standard status
Active
Size
1,900 SF
Property subtype
Commercial
Lease Term
Listing ID: 73597015, Standard Status: Active, MLS Status: New
Site & Location
Neighborhood
Gbv and Curtis Apts
Additional Details
Dock-High Doors
1
Property Use
Warehouse and Office
Building Details
Building Size
1,900 SF
Year Built
1900
Stories
2
Listing Agency:
GPS Real Estate, LLC
(617) 908-5118
Listed By:
Amy Gomes
(207) 299-0507
Source:
Iverty
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 3:33PM
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 GPS Real Estate, LLC
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Investment Insights
Based on property information with market context.
This commercial condominium combines warehouse space with offices on two levels. The first floor has office cubicles, while the upper level contains two private offices and a conference area. The unit also includes one loading dock and two bathrooms. Its paved parking area was recently completed, and the building dates to 1900.
Unit 4 is offered for separate purchase.
Unit 4 is offered for separate purchase.
Key Highlights
- Two‑level condominium with warehouse and office areas
- Upper floor has 2 private offices and conference space
- First floor includes office cubicles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,861
Cap Rate
3.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,220
$537.2K
Cap Rate 7%
$383,729
$383.7K
Cap Rate 9%
$298,456
$298.5K
Market Conditions
NOI Build-Up for 1,900 SF
Gross rent
$34.2K $18.00/SF
− Vacancy
−$2.6K −$1.37/SF
EGI
$31.6K $16.63/SF
− OpEx
−$4.7K −$2.49/SF
NOI
$26.9K $14.14/SF
Area
Worcester, MA
Vacancy
7.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$537,220
Cap Rate 7%
$383,729
Cap Rate 9%
$298,456
Alternative Uses
Best Use
Warehouse
$383.7K
$335.8K – $447.7K
NOI $26,861 @ 7.0% cap · market cap 3.84%
Second Best
Flex RnD
$339.0K
$296.6K – $395.5K
NOI $23,731 @ 7.0% cap · market cap 3.39%
Theoretical Best
Office A
$634.2K
$554.9K – $739.9K
NOI $44,393 @ 7.0% cap · market cap 6.34%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
369
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01605, MA
29,218
Population
12,757
Households
2.3
Avg Household Size
35
Median Age
32%
College-Educated
87%
High-School Grad
5.7 sq mi
ZIP Area
5,126
Density / Sq Mi
$54,805
Median Household Income
$41,236
Median Earnings
$1,362
Median Rent
$349,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - A warehouse and administrative workspace are combined in a two-story condominium layout.
Where is this flex space located?
The property is located at 330 Tacoma St #5 Worcester, MA.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: Two‑level condominium with warehouse and office areas; Upper floor has 2 private offices and conference space; First floor includes office cubicles
