Building Details

Building Size 2,026 SF

Year Built 2026

Buildings 3

Listing Agency: Hartel Realty Show Phone

Listed By: Greg Hartel Show Phone

Source: Iverty

Added: Aug 19 Changed: Oct 6 Last Checked: Oct 7 at 1:01PM

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Investment Insights

Based on property information with market context.

This industrial warehouse property includes three buildings, each measuring approximately 7,500± SF. Each building is divided into five units of roughly 1,500± SF, with a 12’X12’ high overhead door serving each unit. The improvements include propane heat, shared bathrooms, floor drains connected to tight tanks, and 400 AMP single-phase electrical service. Spray foam insulation and other energy-efficient systems are incorporated into the buildings, which were built in 2026.

The property occupies a 1.99± acre site at 77 Spring St in Plympton, Massachusetts. Well water serves the site, and the property is zoned GI - General Industrial. Mechanic shops are not allowed. The configuration provides multiple warehouse units within a coordinated industrial setting.

Key Highlights

• Three buildings, each approximately 7,500± SF
• Each building contains 5 units of approximately 1,500± SF
• Each unit includes a 12’X12’ high overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$279,900

Cap Rate

6.79%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,598,000 $5.6M

Cap Rate 7%

$3,998,571 $4.0M

Cap Rate 9%

$3,110,000 $3.1M

Market Conditions

NOI Build-Up for 22,500 SF

Gross rent

$359.1K $15.96/SF

− Vacancy

−$29.8K −$1.32/SF

EGI

$329.3K $14.64/SF

− OpEx

−$49.4K −$2.20/SF

NOI

$279.9K $12.44/SF

Area

Plymouth County, MA

Vacancy

8.30%

Lease Rate

$15.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,598,000

Cap Rate 7%

$3,998,571

Cap Rate 9%

$3,110,000

Alternative Uses

Best Use

Flex RnD

$5.95M

$5.21M – $6.95M (±1% cap)

NOI $416,813 @ 7.0% cap · market cap 10.10%

Second Best

Warehouse

$4.00M

$3.50M – $4.67M (±1% cap)

NOI $279,900 @ 7.0% cap · market cap 6.79%

Theoretical Best

Office A

$13.32M

$11.65M – $15.54M (±1% cap)

NOI $932,394 @ 7.0% cap · market cap 22.60%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick HVAC Service Real Estate Agency Furniture & Home Goods Big Box & Wholesale Store Grocery & Convenience Store Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

23

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 02367, MA

2,930

Population

1,253

Households

2.3

Avg Household Size

45

Median Age

36%

College-Educated

92%

High-School Grad

14.7 sq mi

ZIP Area

199

Density / Sq Mi

$119,750

Median Household Income

$55,463

Median Earnings

$402

Median Rent

$499,300

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Warehouse - GI-zoned industrial property with overhead doors, propane heat, and shared baths.

Where is this warehouse located?

The property is located at 77 Spring Street Plympton, MA.

What is the asking price?

The asking price for this property is $4,125,000.

What are key features of this property?

This property features: Three buildings, each approximately 7,500± SF; Each building contains 5 units of approximately 1,500± SF; Each unit includes a 12’X12’ high overhead door