Configured Office
For Sale
Contact for pricing
40 Cape Rd, Milford, MA 01757
CC-zoned office units are available with additional space that can be divided for occupancy.
Property Size762 SF
Price / SF$1.57
Days on Market51
Property Features for 40 Cape Rd
General Information
Standard status
Active
Size
762 SF
Property subtype
Commercial
Zoning
CC
Lease Type
NNN
Taxes and HOA fees
Annual Taxes
$16,090
Building Details
Building Size
762 SF
Year Built
1998
Listing Agency:
Afonso Real Estate
(508) 478-7286
Listed By:
Diana Afonso · License #449509180
(508) 989-7400
Source:
Churchillprop
Added: Sep 9
Changed: Oct 25
Last Checked: Oct 28 at 6:23AM
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 Afonso Real Estate
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Investment Insights
Based on property information with market context.
The office units at 40 Cape Rd provide an existing commercial workspace for businesses seeking to establish or expand operations without starting from a raw shell. The property was built in 1998, and the available space is presented as ready for occupancy. The owner is willing to work with a prospective occupant on build-out requirements.
Additional space is available and may be divided for occupancy, creating flexibility for businesses with changing space needs. The property carries CC zoning and is located in Milford, Massachusetts.
Additional space is available and may be divided for occupancy, creating flexibility for businesses with changing space needs. The property carries CC zoning and is located in Milford, Massachusetts.
Key Highlights
- Office units at 40 Cape Rd, Milford, MA 01757
- CC zoning
- Existing office space available for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,887
Suggested Prices Based on Cap Rates
Cap Rate 5%
$277,740
$277.7K
Cap Rate 7%
$198,386
$198.4K
Cap Rate 9%
$154,300
$154.3K
Market Conditions
NOI Build-Up for 762 SF
Gross rent
$22.9K $30.00/SF
− Vacancy
−$4.3K −$5.70/SF
EGI
$18.5K $24.30/SF
− OpEx
−$4.6K −$6.08/SF
NOI
$13.9K $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%
$277,740
Cap Rate 7%
$198,386
Cap Rate 9%
$154,300
Alternative Uses
Best Use
Office B
$198.4K
$173.6K – $231.5K
NOI $13,887 @ 7.0% cap · market cap 1,157.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$260.2K
$227.7K – $303.6K
NOI $18,215 @ 7.0% cap · market cap 1,517.92%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
505
Businesses Nearby
Explore this area
Business Placement
Demographics for 01757, MA
30,479
Population
11,833
Households
2.6
Avg Household Size
40
Median Age
34%
College-Educated
87%
High-School Grad
15.1 sq mi
ZIP Area
2,018
Density / Sq Mi
$92,951
Median Household Income
$47,975
Median Earnings
$1,702
Median Rent
$444,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - CC-zoned office units are available with additional space that can be divided for occupancy.
Where is this office unit located?
The property is located at 40 Cape Rd Milford, MA.
What are key features of this property?
This property features: Office units at 40 Cape Rd, Milford, MA 01757; CC zoning; Existing office space available for occupancy
