Retail
5 Pierce St, Framingham, MA 01702
For Sale
Contact for pricing
Framingham, MA
Property Size3,000 SF
Price / SF$0.01
Days on Market51
Property Features for 5 Pierce St
General Information
Property type
Property subtype
Standard status
Size
Building Details
Year built
Listing Agency:
Engel & Volkers Wellesley · Engel & Völkers
(781) 591-8333
Listed By:
Cindy Laughrea
Added: Sep 25
Changed: Oct 2
Last Checked: Nov 13 at 11:06PM
MLS# 73582619
Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 3000-square-foot retail space is located within a property that also includes Archive Social Club and Club Pilates. The building dates to 1930.
Key Highlights
- 3000 square feet of retail space
- Located in a building constructed in 1930
- Archive Social Club and Club Pilates are also within the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,118
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,360
$862.4K
Cap Rate 7%
$615,971
$616.0K
Cap Rate 9%
$479,089
$479.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$65.9K $21.96/SF
− Vacancy
−$4.3K −$1.43/SF
EGI
$61.6K $20.53/SF
− OpEx
−$18.5K −$6.16/SF
NOI
$43.1K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,360
Cap Rate 7%
$615,971
Cap Rate 9%
$479,089
Alternative Uses
Best Use
Retail
$616.0K
$539.0K – $718.6K
NOI $43,118 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,319 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,340
Businesses Nearby
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Business Placement
Demographics for 01702, MA
39,515
Population
15,303
Households
2.6
Avg Household Size
35
Median Age
39%
College-Educated
83%
High-School Grad
8.2 sq mi
ZIP Area
4,819
Density / Sq Mi
$78,784
Median Household Income
$41,792
Median Earnings
$1,822
Median Rent
$563,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Middlesex County, MA
Properties on Market for Retail space in Middlesex County
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - The property also includes Archive Social Club and Club Pilates.
Where is this retail space located?
The property is located at 5 Pierce St Framingham, MA.
What are key features of this property?
This property features: 3000 square feet of retail space; Located in a building constructed in 1930; Archive Social Club and Club Pilates are also within the property
