Flex Space Unit
For Sale
Contact for pricing
56 Leonard Street Unit 8, Foxboro, MA 02035
Unit 8 offers a flexible commercial layout within Limited Industrial zoning.
Property Size16,576 SF
Price / SF$164
Days on Market163
Property Features for 56 Leonard Street Unit 8
General Information
Standard status
Active
Size
16,576 SF
Property subtype
Office, Industrial
Zoning
Limited Industrial
Investment Type
Owner/User
Listing Agency:
Atlantic Commercial Real Estate LLC
Listed By:
Mark Kearins · License #MA 138273-RE-B
(781) 551-8888
Source:
Crexi
Added: May 6
Changed: Oct 2
Last Checked: Oct 14 at 8:51PM
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 Atlantic Commercial Real Estate LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 8 is a 16,576-square-foot flex space designated under Limited Industrial zoning. The property is located at 56 Leonard Street in Foxboro, Massachusetts, with the address identifying the specific commercial unit.
Key Highlights
- 16,576 SF flex space
- Limited Industrial zoning
- Unit 8 at 56 Leonard Street
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$176,318
Cap Rate
6.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,526,360
$3.5M
Cap Rate 7%
$2,518,829
$2.5M
Cap Rate 9%
$1,959,089
$2.0M
Market Conditions
NOI Build-Up for 16,576 SF
Gross rent
$266.5K $16.08/SF
− Vacancy
−$14.7K −$0.88/SF
EGI
$251.9K $15.20/SF
− OpEx
−$75.6K −$4.56/SF
NOI
$176.3K $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%
$3,526,360
Cap Rate 7%
$2,518,829
Cap Rate 9%
$1,959,089
Alternative Uses
Best Use
Office B
$5.20M
$4.55M – $6.06M
NOI $363,740 @ 7.0% cap · market cap 13.30%
Second Best
Flex RnD
$4.06M
$3.56M – $4.74M
NOI $284,444 @ 7.0% cap · market cap 10.40%
Theoretical Best
Office A
$9.81M
$8.59M – $11.45M
NOI $686,905 @ 7.0% cap · market cap 25.12%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
737
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02035, MA
18,618
Population
7,414
Households
2.5
Avg Household Size
42
Median Age
58%
College-Educated
97%
High-School Grad
19.9 sq mi
ZIP Area
936
Density / Sq Mi
$108,559
Median Household Income
$62,457
Median Earnings
$1,763
Median Rent
$581,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Unit 8 offers a flexible commercial layout within Limited Industrial zoning.
Where is this flex space located?
The property is located at 56 Leonard Street Unit 8 Foxboro, MA.
What is the asking price?
The asking price for this property is $2,735,000.
What are key features of this property?
This property features: 16,576 SF flex space; Limited Industrial zoning; Unit 8 at 56 Leonard Street
