ADA-Compliant Professional Office
For Sale
Contact for pricing
8 Charlesview Rd, Hopedale, MA 01747
Well-maintained office building with large-window work areas, multiple private offices, and ample on-site parking.
Property Size5,500 SF
Price / SF$0.00
Days on Market109
Property Features for 8 Charlesview Rd
General Information
Standard status
Active
Size
5,500 SF
Property subtype
Commercial
Lease Type
Gross
Additional Details
Highway Access
Yes
Amenities
ADA-compliant
reception area
conference room
private offices
kitchenettes
half baths
open work areas
large windows
gas heat
central air conditioning
on-site parking
flexible floor plan
Building Details
Year Built
2008
Listing Agency:
Afonso Real Estate
(508) 478-7286
Listed By:
Pamela Ohannesian
(508) 498-2103
Source:
Lockandkeyre
Added: Jul 15
Changed: Oct 31
Last Checked: Oct 30 at 4:58PM
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 Afonso Real Estate
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Investment Insights
Based on property information with market context.
This ADA-compliant professional office building offers a flexible interior layout with 5,550± SF of space, including 3,700± SF on the first floor and 1,850± SF on the lower level. The first floor includes a reception area, a conference room, multiple private offices, two kitchenettes, two half baths, and spacious open work areas supported by large windows for natural light.
The property is located just off Route 140 in a mixed-use industrial park near the Hopedale, Mendon, and Bellingham town lines, with access to Route 495 approximately 3 miles away. The building also includes three zones of gas heat and two zones of central air conditioning.
For tenant flexibility, the space may be subdivided if less square footage is needed. The offering is described as a gross all-inclusive rental structure, and there is ample on-site parking for employees, clients, and patients.
The property is located just off Route 140 in a mixed-use industrial park near the Hopedale, Mendon, and Bellingham town lines, with access to Route 495 approximately 3 miles away. The building also includes three zones of gas heat and two zones of central air conditioning.
For tenant flexibility, the space may be subdivided if less square footage is needed. The offering is described as a gross all-inclusive rental structure, and there is ample on-site parking for employees, clients, and patients.
Key Highlights
- 2008‑built, ADA‑compliant professional office building in a mixed‑use industrial park just off Route 140
- 5,550± SF available: 3,700± SF on the first floor and 1,850± SF on the lower level
- First‑floor layout includes reception, conference room, multiple private offices, two kitchenettes, two half baths, and open work areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,238
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,004,760
$2.0M
Cap Rate 7%
$1,431,971
$1.4M
Cap Rate 9%
$1,113,756
$1.1M
Market Conditions
NOI Build-Up for 5,500 SF
Gross rent
$165.0K $30.00/SF
− Vacancy
−$31.4K −$5.70/SF
EGI
$133.7K $24.30/SF
− OpEx
−$33.4K −$6.08/SF
NOI
$100.2K $18.23/SF
Area
Worcester County, MA
Vacancy
19.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,004,760
Cap Rate 7%
$1,431,971
Cap Rate 9%
$1,113,756
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,238 @ 7.0% cap · market cap 589,635.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.88M
$1.64M – $2.19M
NOI $131,472 @ 7.0% cap · market cap 773,364.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
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Business Placement
Demographics for 01747, MA
6,017
Population
2,320
Households
2.6
Avg Household Size
43
Median Age
48%
College-Educated
96%
High-School Grad
5.2 sq mi
ZIP Area
1,157
Density / Sq Mi
$115,216
Median Household Income
$55,917
Median Earnings
$1,819
Median Rent
$456,000
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building with large-window work areas, multiple private offices, and ample on-site parking.
Where is this office building located?
The property is located at 8 Charlesview Rd Hopedale, MA.
What are key features of this property?
This property features: 2008‑built, ADA‑compliant professional office building in a mixed‑use industrial park just off Route 140; 5,550± SF available: 3,700± SF on the first floor and 1,850± SF on the lower level; First‑floor layout includes reception, conference room, multiple private offices, two kitchenettes, two half baths, and open work areas
