Two-Story Flex
5 Main St., Spencer, MA 01562
For Sale
New
$325,000
Town water and sewer serve a two-level building with an office and one bathroom.
Property Size2,100 SF
Price / SF$154.76
Days on Market5
Property Features for 5 Main St.
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Utilities to Site
Currently Operating
Property Use
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Stories
Building Size
Listing Agency:
Century 21 North East
(800) 844-7653
Listed By:
James Lovett · License #453000144
(508) 832-1066
Source:
Berettarealty
Added: Nov 3
Changed: Nov 4
Last Checked: Nov 7 at 5:11AM
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 Century 21 North East
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Investment Insights
Based on property information with market context.
This two-story flex property contains 2,100 square feet, with an office and one bathroom. Built in 1988, the building has town water and sewer and is currently used as a shop and warehouse. The zoning is VR, Legal Non-Conforming.
The property is located on Route 9 in Spencer, Massachusetts, at 5 Main St.
The property is located on Route 9 in Spencer, Massachusetts, at 5 Main St.
Key Highlights
- 2,100 square feet across two floors
- Office and one bathroom
- Town water and sewer
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,470
Cap Rate
7.53%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,400
$489.4K
Cap Rate 7%
$349,571
$349.6K
Cap Rate 9%
$271,889
$271.9K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$30.2K $14.40/SF
− Vacancy
−$1.5K −$0.69/SF
EGI
$28.8K $13.71/SF
− OpEx
−$4.3K −$2.06/SF
NOI
$24.5K $11.65/SF
Area
Worcester County, MA
Vacancy
4.80%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,400
Cap Rate 7%
$349,571
Cap Rate 9%
$271,889
Alternative Uses
Best Use
Warehouse
$349.6K
$305.9K – $407.8K
NOI $24,470 @ 7.0% cap · market cap 7.53%
Second Best
Flex RnD
$329.9K
$288.7K – $384.9K
NOI $23,096 @ 7.0% cap · market cap 7.11%
Theoretical Best
Office A
$717.1K
$627.5K – $836.6K
NOI $50,198 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
277
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
$368,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Flex space in Worcester County, MA
Properties on Market for Flex space in Worcester County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Town water and sewer serve a two-level building with an office and one bathroom.
Where is this flex space located?
The property is located at 5 Main St. Spencer, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 2,100 square feet across two floors; Office and one bathroom; Town water and sewer
