Framingham Commercial Building For
For Sale
$3,199,000
861 Edgell Road, Framingham, MA 01701
16,535 SF mixed-use building on 1.04 acres.
Property Size16,535 SF
Lot Size1.04 Acres
Price / SF$193.47
Days on Market99
Property Features for 861 Edgell Road
General Information
Standard status
Active
Size
16,535 SF
Lot size
1.04 Acres
Property subtype
Commercial
Building Details
Year Built
1974
Listing Agency:
eXp Realty LLC - Corporate Office
(617) 710-0929
Listed By:
The Prosperity Group
(617) 710-0929
Source:
Liongatere
Added: Apr 25
Changed: Jul 10
Last Checked: Jul 24 at 5:46PM
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 eXp Realty LLC - Corporate Office
Investment Insights
Based on property information with market context.
The property at 861 Edgell Road in Framingham, Massachusetts, presents an opportunity to acquire a 16,535 square foot commercial building situated on 1.04 acres. This mixed-use property features a combination of retail and office spaces, offering flexible layouts suitable for various tenants or an owner-user. The building benefits from ample on-site parking and excellent visibility along a well-traveled corridor. Located in the heart of MetroWest, the property provides convenient access to Route 9, I-90 (Mass Pike), and I-495. Framingham is a regional hub for employment, education, and retail, attracting demand from businesses and consumers. This property is positioned as a multi-use asset with scale, parking, and strong visibility in a submarket west of Boston.
Key Highlights
- 16,535 sq ft commercial building on 1.04 acres in Framingham, MA
- Versatile mix of retail and office space
- Ample on‑site parking
Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $496.1k | $30.00 |
| − Vacancy | −$59.5k | −$3.60 |
| EGI | $436.5k | $26.40 |
| − OpEx | −$163.7k | −$9.90 |
| NOI | $272.8k | $16.50 |
16,535 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Office B
$7.50M
$6.56M – $8.74M
NOI $524,662 @ 7.0% cap · market cap 16.40%
Second Best
Mixed Use
$3.90M
$3.41M – $4.55M
NOI $272,828 @ 7.0% cap · market cap 8.53%
Theoretical Best
Office A
$9.79M
$8.57M – $11.42M
NOI $685,206 @ 7.0% cap · market cap 21.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
207
Businesses Nearby
Explore this area
Business Placement
Demographics for 01701, MA
33,005
Population
13,131
Households
2.5
Avg Household Size
44
Median Age
61%
College-Educated
95%
High-School Grad
16.9 sq mi
ZIP Area
1,953
Density / Sq Mi
$127,000
Median Household Income
$69,672
Median Earnings
$1,973
Median Rent
$612,600
Median Home Value
Market
Properties on Market for Mixed-use properties in Middlesex County
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 16,535 SF mixed-use building on 1.04 acres.
Where is this mixed-use property located?
The property is located at 861 Edgell Road Framingham, MA.
What is the asking price?
The asking price for this property is $3,199,000.
What are key features of this property?
This property features: 16,535 sq ft commercial building on 1.04 acres in Framingham, MA; Versatile mix of retail and office space; Ample on‑site parking
