Flex Space with Bay
550 Turnpike St # 3, Canton, MA 02021
For Sale
Contact for pricing
Commercial zoning, loading access, on-site parking, and separate men’s and women’s restrooms support multiple business formats.
Property Size2,046 SF
Price / SF$2.20
Days on Market209
Property Features for 550 Turnpike St # 3
General Information
Standard status
Size
Property subtype
Zoning
Lease Type
Building Details
Building Size
Year Built
Listing Agency:
Century 21 North East Homes
Listed By:
SRG Properties Group
(781) 789-2748
Source:
Churchillprop
Added: Apr 20
Changed: Nov 1
Last Checked: Nov 12 at 5:51AM
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.
This 2,046-square-foot flex space was built in 1968 and includes a bay door for loading access, on-site parking, and separate men’s and women’s restrooms. The commercial-zoned property offers a functional format for warehouse, manufacturing, fitness, private training, or small retail operations.
Located at 550 Turnpike Street, Unit 3, in Canton, Massachusetts, the property provides access to major routes. Its combination of enclosed workspace, loading functionality, parking, and restroom facilities accommodates a range of commercial applications without relying on a traditional storefront.
Located at 550 Turnpike Street, Unit 3, in Canton, Massachusetts, the property provides access to major routes. Its combination of enclosed workspace, loading functionality, parking, and restroom facilities accommodates a range of commercial applications without relying on a traditional storefront.
Key Highlights
- 2,046 SF flex space built in 1968
- Commercial zoning
- Bay door provides convenient loading access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,878
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,560
$437.6K
Cap Rate 7%
$312,543
$312.5K
Cap Rate 9%
$243,089
$243.1K
Market Conditions
NOI Build-Up for 2,046 SF
Gross rent
$32.9K $16.08/SF
− Vacancy
−$1.6K −$0.80/SF
EGI
$31.3K $15.28/SF
− OpEx
−$9.4K −$4.58/SF
NOI
$21.9K $10.69/SF
Area
Norfolk County, MA
Vacancy
5.00%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$437,560
Cap Rate 7%
$312,543
Cap Rate 9%
$243,089
Alternative Uses
Best Use
Flex RnD
$501.6K
$438.9K – $585.2K
NOI $35,109 @ 7.0% cap
Second Best
Warehouse
$381.5K
$333.8K – $445.1K
NOI $26,706 @ 7.0% cap
Theoretical Best
Office A
$1.21M
$1.06M – $1.41M
NOI $84,786 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
327
Businesses Nearby
Balanced
Demand for This Use
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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
$665,500
Median Home Value
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Market
Average Price Trend$/SF for Flex space in Norfolk County, MA
Properties on Market for Flex space in Norfolk County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial zoning, loading access, on-site parking, and separate men’s and women’s restrooms support multiple business formats.
Where is this flex space located?
The property is located at 550 Turnpike St # 3 Canton, MA.
What are key features of this property?
This property features: 2,046 SF flex space built in 1968; Commercial zoning; Bay door provides convenient loading access
