Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1537 Grafton Rd Millbury, MA 01527

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $11,950,000

    84,000 SF Warehouse, $11.95M

    Property size:
    84,000 SF

    Property Features for 1537 Grafton Rd

    General Information

    Property type
    Distribution properties
    Square Feet
    84,000 SF
    Lot Size
    248,292 SF

    Building Details

    Year Renovated
    2024

    We can help!

    Listing Contact
    Nathan Nickerson
    Nathan Nickerson

    Listing Agency: Fieldstone Commercial Properties Listing Agent: Nathan Nickerson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 84,000-square-foot industrial building in Millbury, Massachusetts, presents a unique investment opportunity. Located directly off I-90, this property boasts a newly reconstructed structure completed in 2024, offering significant advantages for distribution, manufacturing, or warehousing operations. The building features a substantial 36-foot clear height, six loading docks with six dock-high doors, and ample outdoor storage space on a 5.7-acre lot. Designed for high-capacity use, the facility includes crane rails with a 20-ton capacity and a robust power supply. The clear-span warehouse areas provide maximum operational flexibility and efficiency. Built in 1960 and extensively renovated in 2024, this property is zoned I and offers a compelling combination of modern amenities and a strategic location. The asking price is $11,950,000, translating to $142.26 per square foot. This vacant property is ready for immediate occupancy and presents a rare opportunity to acquire a high-quality industrial asset in a desirable location. The property's address is 1537 Grafton Rd, Millbury, MA 01527.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Millbury
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.734164364224
    Latitude
    42.229157251621

    Nearby Similar for Sale

    • Contact for pricing
      8,700 SF

      Millbury Freestanding Building For Sale

      8,700 SF building on 27,500 SF lot near Mass Pike.
      1485 Grafton Rd, Millbury, MA 01527
      View Details
    • $1,100,000

      Turn-Key Restaurant and Lounge-Bar

      Profitable turn-key restaurant and lounge-bar with loyal customers.
      82 Wheelock Ave, Millbury, MA 01527
      View Details
    • $650,000

      Oversized Two-Family Home Millbury

      Two-family home with in-law suite, close to downtown.
      38 W Main St, Millbury, MA 01527
      View Details
    • Contact for pricing
      62,244 SF

      Millbury Mixed-Use Redevelopment

      180 Units, 62,244 SF, Prime Location
      115 Main St, Millbury, MA 01527
      View Details
    • Contact for pricing

      Millbury Restaurant Opportunity For Sale

      Turnkey restaurant with seating for over 100 and ample parking.
      45 River St, Millbury, MA 01527
      View Details
    • Contact for pricing

      Updated Multifamily Property Downtown Location

      Updated 8-bedroom, 4-bath multifamily property in downtown location.
      37-39 Main St, Millbury, MA 01527
      View Details
    • Contact for pricing

      Well-Maintained Two-Family Home

      Two-family home in Millbury with renovated unit and garage.
      2 Diane St, Millbury, MA 01527
      View Details
    • $659,888

      Well-Maintained Duplex with Rental Income

      Duplex suitable for rental income or multi-generational living.
      123 Riverlin St, Millbury, MA 01527
      View Details

    FAQs

    What type of property is this?
    Distribution property - 84,000 SF Warehouse, $11.95M
    Where is this distribution property located?
    The property is located at 1537 Grafton Rd Millbury, MA.
    What is the asking price?
    The asking price for this property is $11,950,000.
    What are key features of this property?
    This property features: $11,950,000 asking price for this 84,000 square foot industrial building.; Vacant, 84,000 SF industrial building in Millbury, MA.; $142.26/SF; built in 1960, renovated in 2024.
    Request Owner's contact information
    1537 Grafton Rd Millbury, MA 01527
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1537 Grafton Rd
    Millbury, MA 01527
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1537 Grafton Rd Millbury, MA 01527
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Nathan Nickerson
    Nathan Nickerson
    Real Estate License ID: 424035
    Learn more
    Google sign-in failed. Please try again or use another login method.