Freestanding Two-Story Office
360 Church St, Northborough, MA 01532
For Sale
Contact for pricing
The office property includes a substantial land parcel alongside its two-level building.
Property Size12,432 SF
Lot Size4.70 Acres
Price / SF$201.09
Days on Market9
Property Features for 360 Church St
General Information
Standard status
Size
Lot size
Property subtype
Additional Details
Property Use
Building Details
Buildings
Stories
Building Size
Listing Agency:
New Dover Associates, Inc.
(508) 370-0405
Listed By:
Scott R. Hughes
(781) 983-0307
Source:
Moodyscre
Added: Nov 2
Changed: Nov 4
Last Checked: Nov 10 at 9:43AM
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 New Dover Associates, Inc.
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Investment Insights
Based on property information with market context.
This freestanding office building contains 12,432 square feet across two stories. It sits on approximately 4.7 acres in Northborough, Massachusetts.
Key Highlights
- 12,432‑square‑foot office building
- Two‑story configuration
- Approximately 4.7 acres of land
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$226,573
Cap Rate
9.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,531,460
$4.5M
Cap Rate 7%
$3,236,757
$3.2M
Cap Rate 9%
$2,517,478
$2.5M
Market Conditions
NOI Build-Up for 12,432 SF
Gross rent
$373.0K $30.00/SF
− Vacancy
−$70.9K −$5.70/SF
EGI
$302.1K $24.30/SF
− OpEx
−$75.5K −$6.08/SF
NOI
$226.6K $18.23/SF
Area
Worcester County, MA
Vacancy
19.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,531,460
Cap Rate 7%
$3,236,757
Cap Rate 9%
$2,517,478
Alternative Uses
Best Use
Office B
$3.24M
$2.83M – $3.78M
NOI $226,573 @ 7.0% cap · market cap 9.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.25M
$3.71M – $4.95M
NOI $297,175 @ 7.0% cap · market cap 11.89%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Location Intelligence
Trade Area within ½ mile
28
Businesses Nearby
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Business Placement
Demographics for 01532, MA
15,741
Population
5,913
Households
2.7
Avg Household Size
43
Median Age
67%
College-Educated
97%
High-School Grad
18.5 sq mi
ZIP Area
851
Density / Sq Mi
$174,358
Median Household Income
$90,816
Median Earnings
$2,087
Median Rent
$598,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office buildings in Worcester County, MA
Properties on Market for Office buildings in Worcester County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - The office property includes a substantial land parcel alongside its two-level building.
Where is this office building located?
The property is located at 360 Church St Northborough, MA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: 12,432‑square‑foot office building; Two‑story configuration; Approximately 4.7 acres of land
