Warehouse Office Condo
C1-9-160 Otis St Northborough, MA 01532
New
C1-9-160 Otis St, Northborough, MA, 01532
$325,000
For Sale
$325,000
Commercial condo unit with high-ceiling warehouse space, office and half bath, plus overhead door and fire alarm.
Property Size1,316 SF
Price / SF$246.96
Days on Market6
Property Features for C1-9-160 Otis St
General Information
- Standard status
- Active
- Size
- 1,316 SF
Listing agency
Better Living Real Estate, LLC
(508) 397-3264
Listed by
Patrick Arena · License #449588931
(508) 397-3264
Source
Exprealty
Added: Jul 17 Updated: Jul 22 at 3:29PM Checked: Jul 22 at 3:29PM
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 Better Living Real Estate, LLC
Investment Insights
Based on property information with market context.
This commercial condo unit is designed for light warehouse and office use, featuring high-ceilinged warehouse space with a dedicated office and half bath. The structure is built with sturdy prefab metal construction and includes an overhead door and a fire alarm system. On-site parking includes two spaces in a large lot, along with space for at least two vehicles inside the warehouse.
The property is conveniently located just off Route 9. It is offered as a condo unit with an associated condo fee.
Condo fee information is provided as $205 per month or $615 quarterly, and the offering includes snow plow, landscaping, and reserves.
The property is conveniently located just off Route 9. It is offered as a condo unit with an associated condo fee.
Condo fee information is provided as $205 per month or $615 quarterly, and the offering includes snow plow, landscaping, and reserves.
Key Highlights
- Commercial condo warehouse unit just off Route 9 with over 1,300 sq ft of high‑ceilinged space
- Includes an office and a half bath
- Prefab metal construction with an overhead door and a fire alarm
Local Financial Insights For Office B
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 | $39.5k | $30.00 |
| − Vacancy | −$7.5k | −$5.70 |
| EGI | $32.0k | $24.30 |
| − OpEx | −$8.0k | −$6.08 |
| NOI | $24.0k | $18.23 |
1,316 SF · lease $30.00/SF/yr · vacancy 19.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$342.6K
$299.8K – $399.7K
NOI $23,984 @ 7.0% cap · market cap 7.38%
Second Best
Warehouse
$219.1K
$191.7K – $255.6K
NOI $15,335 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$449.4K
$393.2K – $524.3K
NOI $31,458 @ 7.0% cap · market cap 9.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- Sir Loin Catering — 369 W Main St, Northborough, MA 01532
- Wegmans Catering — 9102 Shops Way, Northborough, MA 01532
- The Social Mobile Tavern — 369 W Main St, Northborough, MA 01532
FAQs
What type of property is this?
Flex space - Commercial condo unit with high-ceiling warehouse space, office and half bath, plus overhead door and fire alarm.
Where is this flex space located?
The property is located at C1-9-160 Otis St Northborough, MA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Commercial condo warehouse unit just off Route 9 with over 1,300 sq ft of high‑ceilinged space; Includes an office and a half bath; Prefab metal construction with an overhead door and a fire alarm
