Mixed-Use Property with Drive-In
8 Donnelly Road, Spencer, MA 01562
For Sale
$985,000
Versatile commercial layout with multiple occupied units, paved parking, and zoning listed as legal conforming.
Property Size8,014 SF
Lot Size1.30 Acres
Days on Market49
Property Features for 8 Donnelly Road
General Information
Standard status
Size
Lot size
Property subtype
Occupancy
Warehouse & Industrial
Warehouse Space
Office Build-Out
Drive-In Doors
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
ERA Key Realty Services- Spenc
Listed By:
Donna Flannery · License #9004142
(508) 885-6665
Source:
Classifiedrealtygroup
Added: Sep 22
Changed: Nov 4
Last Checked: Nov 8 at 2:56AM
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 ERA Key Realty Services- Spenc
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Investment Insights
Based on property information with market context.
This mixed-use commercial property contains 8,014 square feet across approximately 1.3 acres. The layout includes approximately 3,744 SF of warehouse area, 1,870 SF of offices, and a 2,400 SF daycare unit, along with four drive-in bays and five restrooms. A level paved site provides approximately 21+ parking spaces. Constructed in 1972, the property has received additions over time and offers a flexible configuration for its current commercial uses.
Three tenants at will currently occupy the buildings, including a daycare, warehouse/office operation, and another established commercial business. The property is located at 8 Donnelly Road in Spencer, with access to major routes and a surrounding mix of commercial and residential properties. Zoning is listed as legal conforming.
Three tenants at will currently occupy the buildings, including a daycare, warehouse/office operation, and another established commercial business. The property is located at 8 Donnelly Road in Spencer, with access to major routes and a surrounding mix of commercial and residential properties. Zoning is listed as legal conforming.
Key Highlights
- 8,014 SF mixed‑use commercial property on approximately 1.3 acres
- Approximately 3,744 SF of warehouse space, 1,870 SF of office space, and 2,400 SF daycare unit
- Four drive‑in bays and five restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$72,276
Cap Rate
7.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,445,520
$1.4M
Cap Rate 7%
$1,032,514
$1.0M
Cap Rate 9%
$803,067
$803.1K
Market Conditions
NOI Build-Up for 8,014 SF
Gross rent
$125.0K $15.60/SF
− Vacancy
−$9.4K −$1.17/SF
EGI
$115.6K $14.43/SF
− OpEx
−$43.4K −$5.41/SF
NOI
$72.3K $9.02/SF
Area
Worcester County, MA
Vacancy
7.50%
Lease Rate
$15.60 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,445,520
Cap Rate 7%
$1,032,514
Cap Rate 9%
$803,067
Alternative Uses
Best Use
Warehouse
$1.33M
$1.17M – $1.56M
NOI $93,383 @ 7.0% cap · market cap 9.48%
Second Best
Mixed Use
$1.03M
$903.5K – $1.20M
NOI $72,276 @ 7.0% cap · market cap 7.34%
Theoretical Best
Office A
$2.74M
$2.39M – $3.19M
NOI $191,567 @ 7.0% cap · market cap 19.45%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
4
Drive-in doors
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
100
Businesses Nearby
Explore this area
Business Placement
Demographics for 01562, MA
11,992
Population
5,788
Households
2.1
Avg Household Size
44
Median Age
27%
College-Educated
92%
High-School Grad
32.9 sq mi
ZIP Area
364
Density / Sq Mi
$79,086
Median Household Income
$49,131
Median Earnings
$1,085
Median Rent
$368,300
Median Home Value
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Market
Average Price Trend$/SF for Mixed-use properties in Worcester County, MA
Properties on Market for Mixed-use properties in Worcester County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Versatile commercial layout with multiple occupied units, paved parking, and zoning listed as legal conforming.
Where is this mixed-use property located?
The property is located at 8 Donnelly Road Spencer, MA.
What is the asking price?
The asking price for this property is $985,000.
What are key features of this property?
This property features: 8,014 SF mixed‑use commercial property on approximately 1.3 acres; Approximately 3,744 SF of warehouse space, 1,870 SF of office space, and 2,400 SF daycare unit; Four drive‑in bays and five restrooms
