Listing Agency: The Stubblebine Company

Listed By: David Stubblebine · License #MA 9020556 Show Phone

Source: Crexi

Added: Sep 12, 2023 Changed: Aug 14 Last Checked: Aug 25 at 5:06AM

Report an Issue

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 The Stubblebine Company

Investment Insights

Based on property information with market context.

This is a 30000 square foot industrial property available for sale.

Key Highlights

• No property information was provided to analyze.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$319,108

Cap Rate

4.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,382,160 $6.4M

Cap Rate 7%

$4,558,686 $4.6M

Cap Rate 9%

$3,545,644 $3.5M

Market Conditions

NOI Build-Up for 30,000 SF

Gross rent

$482.4K $16.08/SF

− Vacancy

−$26.5K −$0.88/SF

EGI

$455.9K $15.20/SF

− OpEx

−$136.8K −$4.56/SF

NOI

$319.1K $10.64/SF

Area

Norfolk County, MA

Vacancy

5.50%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$6,382,160

Cap Rate 7%

$4,558,686

Cap Rate 9%

$3,545,644

Alternative Uses

Best Use

Industrial

$4.56M

$3.99M – $5.32M (±1% cap)

NOI $319,108 @ 7.0% cap · market cap 4.73%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$17.76M

$15.54M – $20.72M (±1% cap)

NOI $1,243,192 @ 7.0% cap · market cap 18.42%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Ideal Flooring Solutions General Contractor SRN Marketing Marketing & Advertising K Fresh Photography Photography Service HL Supply Company (Bike/Boat/Book/etc) Store P J Trucking ... Trucking Company

Suggested Use

Top Pick Real Estate Agency Hair Salon Dental Office Spa & Massage Center Law Firm Restaurant

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

325

Businesses Nearby

Explore this area Business Placement

Demographics for 02322, MA

4,777

Population

1,716

Households

2.8

Avg Household Size

43

Median Age

31%

College-Educated

86%

High-School Grad

4.3 sq mi

ZIP Area

1,111

Density / Sq Mi

$129,487

Median Household Income

$51,618

Median Earnings

$1,648

Median Rent

$482,800

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

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

Similar For Sale Nearby

Warehouse with Multiple Loading Docks

355 Bodwell Street, Avon, MA 02322

Contact for pricing

13,400 SF

View details

Two-Building Flex Property

105 Memorial Dr, Avon, MA 02322

Contact for pricing

0.50 Acres

View details

Spacious Avon Multifamily Home

192 E Spring St, Avon, MA 02322

$870,000

2,013 SF

View details

Frequently Asked Questions

What type of property is this?

Industrial property - 30000 sqft industrial property available for sale.

Where is this industrial property located?

The property is located at 20 Strafello Dr Avon, MA.

What is the asking price?

The asking price for this property is $6,750,000.

What are key features of this property?

This property features: No property information was provided to analyze.