Flex Property with 11
89 Hartford Ave E Mendon, MA 01756
89 Hartford Ave E, Mendon, MA, 01756
Contact for pricing
For Sale
Contact for pricing
Flex property offering 11 units within a 3.22-acre site and a large parking lot.
Property Size15,114 SF
Lot Size3.22 Acres
Price / SF$110.82
Days on Market182
Property Features for 89 Hartford Ave E
General Information
- Standard status
- Active
- Size
- 15,114 SF
- Lot size
- 3.22 Acres
- Property subtype
- FLEX_R_AND_D
Listing agency
Northeast Private Client Group | Greater Boston
(857) 990-6821
Listed by
Jim Casey · License #134670
Source
Moodyscre
Added: Jan 21 Updated: Jul 21 at 3:30PM Checked: Jul 21 at 3:30PM
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 Northeast Private Client Group | Greater Boston
Investment Insights
Based on property information with market context.
This flex property consists of 11 units totaling 15,114 square feet, situated on a 3.22-acre site with a large parking lot. The offering also includes additional storage income, providing an extra revenue component alongside the unit mix.
The property is listed for sale. Address is 89 Hartford Ave E, Mendon, MA 01756.
The current configuration is designed for multi-unit flex use, supported by on-site parking and the stated storage add-on.
The property is listed for sale. Address is 89 Hartford Ave E, Mendon, MA 01756.
The current configuration is designed for multi-unit flex use, supported by on-site parking and the stated storage add-on.
Key Highlights
- Flex property with 11 units totaling 15,114 SF
- 3.22‑acre site with a large parking lot
- Includes additional storage income
Local Financial Insights For Industrial
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 | $208.6k | $13.80 |
| − Vacancy | −$11.5k | −$0.76 |
| EGI | $197.1k | $13.04 |
| − OpEx | −$59.1k | −$3.91 |
| NOI | $138.0k | $9.13 |
15,114 SF · lease $13.80/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$2.37M
$2.08M – $2.77M
NOI $166,224 @ 7.0% cap · market cap 9.92%
Second Best
Industrial
$1.97M
$1.72M – $2.30M
NOI $137,971 @ 7.0% cap · market cap 8.24%
Theoretical Best
Office A
$5.16M
$4.52M – $6.02M
NOI $361,285 @ 7.0% cap · market cap 21.57%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rhode Island Area ...
Carpet Cleaning Service
Hex Dog Training
Animal Training
Larry Joe's New ...
Take-out & Catering
New England Cheer ...
Gym & Fitness Center
Score Co. Liquidations
Liquidator
FAQs
What type of property is this?
Flex space - Flex property offering 11 units within a 3.22-acre site and a large parking lot.
Where is this flex space located?
The property is located at 89 Hartford Ave E Mendon, MA.
What is the asking price?
The asking price for this property is $1,675,000.
What are key features of this property?
This property features: Flex property with 11 units totaling 15,114 SF; 3.22‑acre site with a large parking lot; Includes additional storage income
