Flex Space with Bay
For Sale
Contact for pricing
550 Turnpike # 2, Canton, MA 02021
Clean, well-maintained flex space with a convenient bay door, restrooms, and on-site parking for staff and clients.
Property Size4,500 SF
Price / SF$0.01
Days on Market167
Property Features for 550 Turnpike # 2
General Information
Standard status
Active
Size
4,500 SF
Property subtype
Commercial
Zoning
Commercial
Lease Type
NNN
Additional Details
Highway Access
Yes
Drive-In Doors
1
Building Details
Building Size
4,500 SF
Year Built
1968
Listing Agency:
Century 21 North East Homes
Listed By:
SRG Properties Group
(781) 789-2748
Source:
Churchillprop
Added: May 7
Changed: Oct 6
Last Checked: Oct 19 at 5:27AM
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 Homes
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Investment Insights
Based on property information with market context.
Unit 2 at 550 Turnpike Street in Canton offers a clean, well-maintained flex space with a functional interior layout. The space includes dedicated men’s and women’s restrooms and is set up with a convenient bay door to support loading needs. The property is described as suitable for a range of business uses, including warehouse, manufacturing, or operations that don’t require a traditional storefront.
The site provides ample on-site parking for staff and clients and is positioned with easy access to major routes.
Overall, this is a versatile commercial unit built around practical day-to-day access, restrooms, and loading capability for a small operation looking for flexible space.
The site provides ample on-site parking for staff and clients and is positioned with easy access to major routes.
Overall, this is a versatile commercial unit built around practical day-to-day access, restrooms, and loading capability for a small operation looking for flexible space.
Key Highlights
- Flex space built in 1968 at 550 Turnpike Street in Canton
- Convenient bay door for easy loading and access
- Dedicated men’s and women’s restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,866
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,320
$957.3K
Cap Rate 7%
$683,800
$683.8K
Cap Rate 9%
$531,844
$531.8K
Market Conditions
NOI Build-Up for 4,500 SF
Gross rent
$72.4K $16.08/SF
− Vacancy
−$4.0K −$0.88/SF
EGI
$68.4K $15.20/SF
− OpEx
−$20.5K −$4.56/SF
NOI
$47.9K $10.64/SF
Area
Norfolk County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$957,320
Cap Rate 7%
$683,800
Cap Rate 9%
$531,844
Alternative Uses
Best Use
Flex RnD
$1.10M
$965.3K – $1.29M
NOI $77,220 @ 7.0% cap · market cap 308,880.00%
Second Best
Warehouse
$830.3K
$726.5K – $968.7K
NOI $58,123 @ 7.0% cap · market cap 232,492.00%
Theoretical Best
Office A
$2.66M
$2.33M – $3.11M
NOI $186,479 @ 7.0% cap · market cap 745,916.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Drive-in doors
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02021, MA
24,370
Population
9,955
Households
2.4
Avg Household Size
43
Median Age
65%
College-Educated
97%
High-School Grad
18.7 sq mi
ZIP Area
1,303
Density / Sq Mi
$128,341
Median Household Income
$80,408
Median Earnings
$2,237
Median Rent
$665,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Clean, well-maintained flex space with a convenient bay door, restrooms, and on-site parking for staff and clients.
Where is this flex space located?
The property is located at 550 Turnpike # 2 Canton, MA.
What are key features of this property?
This property features: Flex space built in 1968 at 550 Turnpike Street in Canton; Convenient bay door for easy loading and access; Dedicated men’s and women’s restrooms
