Flex Building with Drive-In
For Sale
Contact for pricing
Seven Henry St, Worcester, MA 01604
Versatile commercial facility combining office, warehouse, and industrial areas with on-site parking and three-phase power.
Property Size21,844 SF
Price / SF$0.00
Days on Market78
Property Features for Seven Henry St
General Information
Standard status
Active
Size
21,844 SF
Property subtype
Commercial
Site & Location
Neighborhood
Grafton Hill C.w.a.
Highway Access
Yes
Road Access
Yes
Warehouse & Industrial
Warehouse Space
5,140 SF
Office Build-Out
2,036 SF
Three-Phase Power
Yes
Building Details
Year Built
1900
Building Size
21,844 SF
Listing Agency:
RE/MAX Partners
(508) 635-1600
Listed By:
Steven Pizzarella
(774) 275-1229
Source:
Lockandkeyre
Added: Aug 17
Changed: Nov 1
Last Checked: Nov 1 at 5:10AM
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 RE/MAX Partners
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 21,844-square-foot flex property combines office, warehouse, and industrial areas within a well-maintained commercial building. The layout includes private offices, open work areas, high ceilings, multiple drive-in bays, three-phase power, and on-site parking. Approximately 2,036 square feet of office area and 5,140 square feet of warehouse area are currently available for occupancy.
The property is located on Seven Henry St, just off Shrewsbury Street in Worcester, with access to I-290, Route 9, downtown Worcester, and surrounding amenities. Its commercial-corridor setting and combination of work, storage, and office areas support flexible business operations or an owner-user configuration.
The property is located on Seven Henry St, just off Shrewsbury Street in Worcester, with access to I-290, Route 9, downtown Worcester, and surrounding amenities. Its commercial-corridor setting and combination of work, storage, and office areas support flexible business operations or an owner-user configuration.
Key Highlights
- 21,844 SF flex building with office, warehouse, and industrial areas
- Approximately 2,036 SF of office space available for occupancy
- Approximately 5,140 SF of warehouse space available for occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$83,429
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,580
$1.7M
Cap Rate 7%
$1,191,843
$1.2M
Cap Rate 9%
$926,989
$927.0K
Market Conditions
NOI Build-Up for 7,166 SF
Gross rent
$129.0K $18.00/SF
− Vacancy
−$9.8K −$1.37/SF
EGI
$119.2K $16.63/SF
− OpEx
−$35.8K −$4.99/SF
NOI
$83.4K $11.64/SF
Area
Worcester, MA
Vacancy
7.60%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,668,580
Cap Rate 7%
$1,191,843
Cap Rate 9%
$926,989
Alternative Uses
Best Use
Office B
$1.70M
$1.49M – $1.98M
NOI $118,991 @ 7.0% cap · market cap 1,322,122.22%
Second Best
Warehouse
$1.45M
$1.27M – $1.69M
NOI $101,307 @ 7.0% cap · market cap 1,125,633.33%
Theoretical Best
Office A
$2.39M
$2.09M – $2.79M
NOI $167,430 @ 7.0% cap · market cap 1,860,333.33%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
411
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01604, MA
41,301
Population
18,166
Households
2.3
Avg Household Size
37
Median Age
31%
College-Educated
86%
High-School Grad
6.6 sq mi
ZIP Area
6,258
Density / Sq Mi
$72,911
Median Household Income
$45,596
Median Earnings
$1,570
Median Rent
$321,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Versatile commercial facility combining office, warehouse, and industrial areas with on-site parking and three-phase power.
Where is this flex space located?
The property is located at Seven Henry St Worcester, MA.
What are key features of this property?
This property features: 21,844 SF flex building with office, warehouse, and industrial areas; Approximately 2,036 SF of office space available for occupancy; Approximately 5,140 SF of warehouse space available for occupancy
