Industrial Building Near Route
For Sale
$1,250,000
723 Main Street, Oxford, MA 01537
Industrial facility offering a substantial building footprint on an approximately one-acre parcel with convenient route access.
Property Size8,837 SF
Lot Size0.93 Acres
Price / SF$141.45
Days on Market8
Property Features for 723 Main Street
General Information
Standard status
Active
Size
8,837 SF
Lot size
0.93 Acres
Property subtype
Industrial
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Building Size
8,837 SF
Buildings
1
Listing Agency:
(631) 459-2193
Listed By:
Alex Smith · License #MA #9631563
(631) 459-2193
Source:
Corfac
Added: Aug 13
Changed: Aug 14
Last Checked: Aug 20 at 4:27AM
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 Alex Smith
Investment Insights
Based on property information with market context.
This industrial property includes an 8,837 square foot building situated on 0.93 acres. The asset is positioned adjacent to Route 20, providing direct proximity to a regional roadway.
Route 395 is 2.3 miles away, while Route 90 is 2.5 miles from the property. The Oxford, Massachusetts location combines an industrial building with access to multiple established transportation routes.
Route 395 is 2.3 miles away, while Route 90 is 2.5 miles from the property. The Oxford, Massachusetts location combines an industrial building with access to multiple established transportation routes.
Key Highlights
- 8,837 +/- SF industrial building
- Situated on 0.93 AC
- Adjacent to Route 20
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
$80,670
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
6.45%
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%
$1,613,400
$1.6M
Cap Rate 7%
$1,152,429
$1.2M
Cap Rate 9%
$896,333
$896.3K
Market Conditions
NOI Build-Up for 8,837 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
$122.0K $13.80/SF
− Vacancy
−$6.7K −$0.76/SF
EGI
$115.2K $13.04/SF
− OpEx
−$34.6K −$3.91/SF
NOI
$80.7K $9.13/SF
Area
Worcester County, MA
Vacancy
5.50%
Lease Rate
$13.80 /SF/Yr
Expense Ratio
30.00%
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%
$1,613,400
Cap Rate 7%
$1,152,429
Cap Rate 9%
$896,333
Alternative Uses
Best Use
Industrial
$1.15M
$1.01M – $1.34M
NOI $80,670 @ 7.0% cap · market cap 6.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,240 @ 7.0% cap · market cap 16.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
180
Businesses Nearby
Explore this area
Business Placement
Demographics for 01537, MA
2,141
Population
779
Households
2.7
Avg Household Size
46
Median Age
35%
College-Educated
90%
High-School Grad
6.8 sq mi
ZIP Area
315
Density / Sq Mi
$94,261
Median Household Income
$57,083
Median Earnings
$1,223
Median Rent
$338,000
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Industrial facility offering a substantial building footprint on an approximately one-acre parcel with convenient route access.
Where is this industrial property located?
The property is located at 723 Main Street Oxford, MA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 8,837 +/- SF industrial building; Situated on 0.93 AC; Adjacent to Route 20
