Whitinsville Commercial Property For
For Sale
$1,200,000
Pending
679 Linwood Ave, Northbridge, MA 01588
0.99 acre commercial property with redevelopment potential in Whitinsville.
Property Size5,845 SF
Lot Size0.99 Acres
Days on Market265
Property Features for 679 Linwood Ave
General Information
Standard status
Pending
Size
5,845 SF
Lot size
0.99 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$5,115
Building Details
Building Size
5,845 SF
Year Built
1970
Listing Agency:
BA Property & Lifestyle Advisors
(508) 509-8867
Listed By:
Michael Barbera
(508) 509-8867
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 17
Last Checked: Aug 20 at 7:43AM
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 BA Property & Lifestyle Advisors
Investment Insights
Based on property information with market context.
This commercial property is located in Whitinsville, Northbridge, and offers a prime opportunity with B-2 zoning on 0.99 acres. The site formerly housed the Depot Car Wash and includes two buildings constructed in 1970, totaling 5,845 square feet. One building features a tunnel car wash, while the other contains four bays and an office area. The property includes extensive asphalt, lighting, and signage. The B-2 zoning allows for retail, restaurant, office, and personal-service uses by right. Automotive uses, drive-thrus, hotels/motels, mixed-use developments, and larger-scale developments are possible with a special permit. A new, uninstalled overhead door is included. Deferred maintenance has been noted. Strong regional land comps support repurposing for a 6,000 to 8,000 square foot pad/strip or similar service/retail concept. This property is suited for investors, operators, or developers seeking a versatile one-acre site in a growing corridor.
Key Highlights
- Prime B‑2 Zoned Commercial Opportunity on 0.99 Acres
- Exceptional Redevelopment Potential with Flexible Zoning (Retail, Restaurant, Office, etc.)
- Strong Regional Land Comps Support Repurposing for Pad/Strip Development
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,606
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,852,120
$1.9M
Cap Rate 7%
$1,322,943
$1.3M
Cap Rate 9%
$1,028,956
$1.0M
Market Conditions
NOI Build-Up for 5,845 SF
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.
Gross rent
$126.3K $21.60/SF
− Vacancy
−$2.8K −$0.48/SF
EGI
$123.5K $21.12/SF
− OpEx
−$30.9K −$5.28/SF
NOI
$92.6K $15.84/SF
Area
Worcester County, MA
Vacancy
2.20%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,852,120
Cap Rate 7%
$1,322,943
Cap Rate 9%
$1,028,956
Alternative Uses
Best Use
Specialty Retail
$1.32M
$1.16M – $1.54M
NOI $92,606 @ 7.0% cap · market cap 7.72%
Second Best
Retail
$1.23M
$1.08M – $1.44M
NOI $86,432 @ 7.0% cap · market cap 7.20%
Theoretical Best
Office A
$2.00M
$1.75M – $2.33M
NOI $139,719 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
6k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Dollar General
Shops & Services
5,726 visits/mo
0.3 miles
Demographics for 01588, MA
10,106
Population
4,553
Households
2.2
Avg Household Size
42
Median Age
31%
College-Educated
94%
High-School Grad
8.1 sq mi
ZIP Area
1,248
Density / Sq Mi
$88,735
Median Household Income
$50,855
Median Earnings
$1,263
Median Rent
$413,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - 0.99 acre commercial property with redevelopment potential in Whitinsville.
Where is this car wash located?
The property is located at 679 Linwood Ave Northbridge, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Prime B‑2 Zoned Commercial Opportunity on 0.99 Acres; Exceptional Redevelopment Potential with Flexible Zoning (Retail, Restaurant, Office, etc.); Strong Regional Land Comps Support Repurposing for Pad/Strip Development
