Office Suites with Private
48 Elm Street, Southbridge, MA 01550
For Sale
New
Contact for pricing
Several suites are available furnished or unfurnished, with Wi-Fi included.
Property Size6,384 SF
Price / SF$0.08
Days on Market3
Property Features for 48 Elm Street
General Information
Standard status
Size
Additional Details
Tenant in Place
Property Use
Amenities
private bathroom
free wifi
Building Details
Year Built
Tenancy
Listing Agency:
RE/MAX Real Estate Center
(508) 543-3922
Listed By:
Evelyn Tomaszewski
(508) 509-2122
Source:
Lockandkeyre
Added: Nov 10
Changed: Nov 12
Last Checked: Nov 12 at 2:38PM
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 Real Estate Center
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Investment Insights
Based on property information with market context.
The office property at 48 Elm Street in Southbridge offers multiple suites, each with a private bathroom. Suites may be furnished or unfurnished, and Wi-Fi is provided. The building dates to 1928.
The property is directly across from town hall and beside a park. A range of amenities is within walking distance.
The property is directly across from town hall and beside a park. A range of amenities is within walking distance.
Key Highlights
- Multiple office suites, each with a private bathroom
- Furnished and unfurnished suite options
- Wi‑Fi included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$116,348
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,326,960
$2.3M
Cap Rate 7%
$1,662,114
$1.7M
Cap Rate 9%
$1,292,756
$1.3M
Market Conditions
NOI Build-Up for 6,384 SF
Gross rent
$191.5K $30.00/SF
− Vacancy
−$36.4K −$5.70/SF
EGI
$155.1K $24.30/SF
− OpEx
−$38.8K −$6.08/SF
NOI
$116.3K $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%
$2,326,960
Cap Rate 7%
$1,662,114
Cap Rate 9%
$1,292,756
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.94M
NOI $116,348 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.18M
$1.91M – $2.54M
NOI $152,603 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Explore this area
Business Placement
Demographics for 01550, MA
17,740
Population
7,644
Households
2.3
Avg Household Size
39
Median Age
18%
College-Educated
82%
High-School Grad
20.2 sq mi
ZIP Area
878
Density / Sq Mi
$59,397
Median Household Income
$41,365
Median Earnings
$1,157
Median Rent
$267,000
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Worcester County, MA
Properties on Market for Office Units in Worcester County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Several suites are available furnished or unfurnished, with Wi-Fi included.
Where is this office unit located?
The property is located at 48 Elm Street Southbridge, MA.
What are key features of this property?
This property features: Multiple office suites, each with a private bathroom; Furnished and unfurnished suite options; Wi‑Fi included
