Framingham Mixed-Use Retail
For Sale
Contact for pricing
665 Cochituate Rd, Framingham, MA 01701
10,240 SqFt mixed-use retail and office property for sale.
Property Size10,240 SF
Price / SF$355.18
Days on Market818
Property Features for 665 Cochituate Rd
General Information
Standard status
Active
Size
10,240 SF
Class
B
Total Parking Spaces
60
Property subtype
Retail, Office
Zoning
M-1
Lease Type
NNN
Investment Type
Stabilized
Building Details
Stories
2
Tenancy
Single
Listing Agency:
KeyPoint Partners, LLC
Listed By:
Jonathan Aron · License #RI REB.0015676
(781) 418-6225
Source:
Crexi
Added: Jul 11, 2024
Changed: Sep 14
Last Checked: Oct 5 at 7:17PM
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 KeyPoint Partners, LLC
Investment Insights
Based on property information with market context.
This mixed-use property in Framingham, Massachusetts, offers 10,240 square feet of retail and office space. The property is suitable for commercial real estate purposes.
Key Highlights
- Retail Property
- 10,240 SqFt
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$324,919
Cap Rate
8.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,498,380
$6.5M
Cap Rate 7%
$4,641,700
$4.6M
Cap Rate 9%
$3,610,211
$3.6M
Market Conditions
NOI Build-Up for 10,240 SF
Gross rent
$555.4K $54.24/SF
− Vacancy
−$122.2K −$11.93/SF
EGI
$433.2K $42.31/SF
− OpEx
−$108.3K −$10.58/SF
NOI
$324.9K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,498,380
Cap Rate 7%
$4,641,700
Cap Rate 9%
$3,610,211
Alternative Uses
Best Use
Office B
$4.64M
$4.06M – $5.42M
NOI $324,919 @ 7.0% cap · market cap 8.93%
Second Best
Mixed Use
$2.41M
$2.11M – $2.82M
NOI $168,960 @ 7.0% cap · market cap 4.65%
Theoretical Best
Office A
$6.06M
$5.30M – $7.07M
NOI $424,343 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,285
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - 10,240 SqFt mixed-use retail and office property for sale.
Where is this mixed-use property located?
The property is located at 665 Cochituate Rd Framingham, MA.
What is the asking price?
The asking price for this property is $3,637,000.
What are key features of this property?
This property features: Retail Property; 10,240 SqFt
