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    Framingham Mixed-Use Retail Property Title is generated by Realmo AI

    665 Cochituate Rd, Framingham, MA 01701

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    10,240 SqFt mixed-use retail and office property for sale.

    Type:Retail, Office
    Property size:
    10,240 SF
    Price / SF:
    $355/SF
    Added:
    Jul 11, 2024
    Days on Market:
    728
    Last Refresh:
    May 12 at 8:55 pm

    Property Features for 665 Cochituate Rd

    General Information

    Standard status
    Active
    Size
    10,240 SF
    Property subtype
    Retail, Office

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    Jonathan Aron
    Jonathan Aron

    Listing office KeyPoint Partners, LLC

    Listing date Jul 11, 2024

    Source Crexi

    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 KeyPoint Partners, LLC

    HighLights

    • Retail Property
    • 10,240 SqFt

    Overview

    This mixed-use property in Framingham, Massachusetts, offers 10,240 square feet of retail and office space. The property is suitable for commercial real estate purposes.

    Local Financial Insights For Office B

    Simulate Cap Rate and NOI

    NOI Build-Up
    Vacancy
    income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
    EGI (Effective Gross Income)
    gross rent minus vacancy losses — the realistic income before paying operating costs.
    OpEx (Operating Expenses)
    recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
    NOI (Net Operating Income)
    income a property generates after operating costs but before financing and taxes.

    Component $ $/SF
    Gross rent $555.4k $54.24
    − Vacancy −$122.2k −$11.93
    EGI $433.2k $42.31
    − OpEx −$108.3k −$10.58
    NOI $324.9k $31.73
    10,240 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $4.64M
    $4.06M – $5.42M (±1% cap)
    NOI $324,919 @ 7.0% cap · market cap 8.93%
    Second Best
    Mixed Use
    $2.41M
    $2.11M – $2.82M (±1% cap)
    NOI $168,960 @ 7.0% cap · market cap 4.65%
    Theoretical Best
    Office A
    $6.06M
    $5.30M – $7.07M (±1% cap)
    NOI $424,343 @ 7.0% cap · market cap 11.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Temescal Wellness (Bike/Boat/Book/etc) Store Heather Keppeler, Real ... Real Estate Agency Camiel David Law Firm Sue Beaudet Realtor Real Estate Agency

    Suggested Use

    Real Estate Agency Storage Facility Auto Parts Store Electrical Service Big Box & Wholesale Store Building Supply Grocery & Convenience Store Plumbing Service (Bike/Boat/Book/etc) Store HVAC Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Framingham
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3849464
    Latitude
    42.3075823

    FAQs

    What type of property is this?
    Mixed-use property - 10,240 SqFt mixed-use retail and office property for sale.
    Where is this mixed-use property located?
    The property is located at 665 Cochituate Rd Framingham, MA.
    What is the asking price?
    The asking price for this property is $3,637,000.
    What are key features of this property?
    This property features: Retail Property; 10,240 SqFt
    (781) 418-6225 Call to check price and availability
    More about this property
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