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    120 Gilboa St Douglas, MA 01516

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    For Lease
    Contact for pricing

    Two Warehouses, 7,169 - 40,000 SF

    Lot size:
    300,326 SF

    Property Features for 120 Gilboa St

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    300,326 SF
    Total Rate
    50054.33

    Building Details

    Year Built
    1904

    Spaces For Lease

    at 120 Gilboa St, Douglas, MA 01516 Contact us
    Unit Unit 1

    $8 /Mo

    Size
    7,169 SF
    Contact us
    Unit Unit 2

    $2.00 /Mo

    Size
    40,000 SF
    Contact us

    We can help!

    Listing Contact
    Jonah D. Glickman
    Jonah D. Glickman

    Listing Agent: Jonah D. Glickman

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

    Learn more

    Property Insight Report

    Overview

    This exceptional industrial property at 120 Gilboa Street in Douglas, Massachusetts, offers two warehouse units available for lease. Located in Worcester County, this 300,326 square foot building, constructed in 1904, provides a unique opportunity for businesses seeking flexible space options. The property boasts ample on-site parking, a significant advantage for employees and deliveries. Unit 1 comprises approximately 7,169 square feet, ideal for smaller operations, while Unit 2 offers a substantial 40,000 square feet of space, primarily suitable for dry storage. Both units share a convenient loading area. The minimum divisible space is 7,169 square feet, with a maximum contiguous space of 40,000 square feet. Currently, 47,169 square feet of space is vacant. The property's strategic location provides easy access to Route 146, making it an excellent choice for businesses serving both the Worcester and Providence markets. The building consists of two suites in total. This property presents a rare opportunity to secure warehouse space in a desirable location with excellent access to major transportation routes. The property is zoned for industrial use. The lease terms are Net, Net, Net (NNN). Unit 1 is priced at $8 per square foot NNN, and Unit 2 is priced at $2 per square foot NNN. Contact us today to learn more about this exceptional opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    SupremeX Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Spa & Massage Center Building Supply Dental Office Hotel & Motel Department Store Food Market Accounting Firm Discount Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Douglas
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.6997806
    Latitude
    42.0838899

    Nearby Similar for Lease

    • $2.00 SF/Yr
      300,326 SF

      Industrial Units Near Route 146

      Industrial units for lease with access to major highways.
      120 Gilboa St, Douglas, MA 01516
      View Details
    • Contact for pricing
      1,102,500 SF

      Industrial Cross Dock Facility

      Bulk industrial cross dock facility available for rent.
      123 Gilboa St, Douglas, MA 01516
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    FAQs

    What type of property is this?
    Distribution property - Two Warehouses, 7,169 - 40,000 SF
    Where is this distribution property located?
    The property is located at 120 Gilboa St Douglas, MA.
    What is the lease rate?
    The lease rate is $2.00-$8 SF/Yr.
    What are key features of this property?
    This property features: 120 Gilboa Street, Douglas, MA: Two warehouse units totaling 300,326 SF available for lease.; Worcester County location with easy access to Route 146.; Unit 1: 7,169 SF, $8/SF NNN; Unit 2: 40,000 SF, $2/SF NNN.
    (508) 868-3765 Call to check price and availability
    Request Owner's contact information
    120 Gilboa St Douglas, MA 01516
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    Douglas, MA 01516
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    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
    120 Gilboa St Douglas, MA 01516
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jonah D. Glickman
    Jonah D. Glickman
    Real Estate License ID: #9566848
    (508) 868-3765 (508) 753-9100
    Learn more
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