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    New Flex Building For Sale Title is generated by Realmo AI

    546 Stafford St, Leicester, MA 01611

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    5,250 SF flex building approved for auto sales/repair.

    Type:Industrial
    Property size:
    5,250 SF
    Price / SF:
    $285/SF
    Added:
    Apr 11, 2023
    Days on Market:
    1151
    Last Refresh:
    May 13 at 8:13 pm

    Property Features for 546 Stafford St

    General Information

    Standard status
    Active
    Size
    5,250 SF
    Property subtype
    Industrial

    Building Details

    Year Built
    2023

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    Listing Contact
    Robert Richard

    Listing agent Robert Richard License #MA 123273

    Listing office Commerce Park Realty

    Listing date Apr 11, 2023

    Source Crexi

    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 Commerce Park Realty

    HighLights

    • Approved for auto sales & repair with gas traps for vehicle indoor parking.
    • New construction (2024) 5,250’ flex building.
    • Excellent location west of Worcester with easy access to I‑90, I‑290, Routes 9, 56, and 20.
    • One loading dock and seven drive‑in doors.
    • Three‑phase electrical and 6” 4000psi concrete slab.
    • Flexible layout suitable for investment or owner‑user.

    Overview

    This 5,250 square foot flex building, constructed in 2024, is approved for auto sales and repair. It features one loading dock and seven drive-in doors, offering a flexible layout suitable for various uses. The property is available for sale with or without current tenants, subject to existing leasing agreements. Constructed with high-quality materials, the building includes three-phase electrical power, a six-inch 4000psi concrete slab, and a PEMB structure. Gas traps are installed to accommodate indoor vehicle parking. The location provides convenient access to I-90, I-290, and Routes 9, 56, and 20, positioning it west of Worcester with good connectivity to the downtown area and points west. Leicester’s Zoning BR1 outlines allowable uses for the property. This brand-new construction offers easy maintenance and is suitable as an investment or for an owner-user.

    Local Financial Insights For Retail

    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 $113.4k $21.60
    − Vacancy −$2.5k −$0.48
    EGI $110.9k $21.12
    − OpEx −$33.3k −$6.34
    NOI $77.6k $14.79
    5,250 SF · lease $21.60/SF/yr · vacancy 2.20% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.11M
    $970.4K – $1.29M (±1% cap)
    NOI $77,634 @ 7.0% cap · market cap 5.18%
    Second Best
    Warehouse
    $873.9K
    $764.7K – $1.02M (±1% cap)
    NOI $61,176 @ 7.0% cap · market cap 4.08%
    Theoretical Best
    Office A
    $1.79M
    $1.57M – $2.09M (±1% cap)
    NOI $125,496 @ 7.0% cap · market cap 8.37%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Similar Places Nearby

    • The Mobile Bar 488 Stafford St, Cherry Valley, MA 01611

    Map

    City
    Leicester
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8783
    Latitude
    42.2377

    FAQs

    What type of property is this?
    Flex space - 5,250 SF flex building approved for auto sales/repair.
    Where is this flex space located?
    The property is located at 546 Stafford St Leicester, MA.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Approved for auto sales & repair with gas traps for vehicle indoor parking.; **New construction (2024) 5,250’ flex building.**; Excellent location west of Worcester with easy access to I‑90, I‑290, Routes 9, 56, and 20.
    More about this property
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