Flex Building with Paved
8 Run Way, Lee, MA 01238
For Sale
$1,699,000
Shipping and receiving access supports commercial operations at this Lee facility.
Property Size17,000 SF
Price / SF$99.94
Days on Market110
Property Features for 8 Run Way
General Information
Standard status
Size
Property subtype
Additional Details
Asking Price
Highway Access
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
WILLIAM PITT SOTHEBY'S - LENOX
Listed By:
Richard G. Aldrich · License #009536117
(413) 243-1739
Source:
Mclean-realtors
Added: Jul 22
Changed: Nov 8
Last Checked: Nov 7 at 6:15PM
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 WILLIAM PITT SOTHEBY'S - LENOX
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 17,000-square-foot flex facility was built in 1998 and includes paved parking and access for shipping and receiving. Its landscaped approach provides a defined arrival area.
The property is in Lee, Massachusetts, minutes from the Massachusetts Turnpike (I-90).
The property is in Lee, Massachusetts, minutes from the Massachusetts Turnpike (I-90).
Key Highlights
- 17,000‑square‑foot flex facility
- Built in 1998
- Paved parking on site
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,163
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,260
$1.9M
Cap Rate 7%
$1,330,900
$1.3M
Cap Rate 9%
$1,035,144
$1.0M
Market Conditions
NOI Build-Up for 17,000 SF
Gross rent
$142.8K $8.40/SF
− Vacancy
−$9.7K −$0.57/SF
EGI
$133.1K $7.83/SF
− OpEx
−$39.9K −$2.35/SF
NOI
$93.2K $5.48/SF
Area
Berkshire County, MA
Vacancy
6.80%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,863,260
Cap Rate 7%
$1,330,900
Cap Rate 9%
$1,035,144
Alternative Uses
Best Use
Flex RnD
$3.81M
$3.33M – $4.44M
NOI $266,526 @ 7.0% cap · market cap 15.69%
Second Best
Industrial
$1.33M
$1.16M – $1.55M
NOI $93,163 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$4.98M
$4.36M – $5.81M
NOI $348,432 @ 7.0% cap · market cap 20.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
79
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01238, MA
5,722
Population
3,069
Households
1.9
Avg Household Size
51
Median Age
46%
College-Educated
99%
High-School Grad
27.6 sq mi
ZIP Area
207
Density / Sq Mi
$74,469
Median Household Income
$47,035
Median Earnings
$1,255
Median Rent
$332,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Shipping and receiving access supports commercial operations at this Lee facility.
Where is this flex space located?
The property is located at 8 Run Way Lee, MA.
What is the asking price?
The asking price for this property is $1,699,000.
What are key features of this property?
This property features: 17,000‑square‑foot flex facility; Built in 1998; Paved parking on site
