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    Property profile & analytics
    OFF-MARKET Estimated value $3,980,000
    Industrial properties

    120 Gilboa St, Douglas, MA 01516-2274

    312,077 SF 13.66 ac lot Built 1904
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US38-1643392
    Property summary
    AI-generated 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
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1904
    Construction FRAME
    Total area 312,077 SF
    Lot 13.66 ac (595,030 SF)
    Zoning code C
    APN DOUG M:0138 B:0000043 L:
    UPID US38-1643392
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • SupremeX Big Box & Wholesale Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $3.98M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $3.98M
    Owner & transaction history
    120 Gilboa LLC · 5 yrs held
    120 Gilboa LLC
    since 2021
    Last sale
    $4.0M
    7 recorded transactions
    2021
    $4.0M
    2016
    2013
    2012
    $300,000
    2011
    $1.0M
    2011
    2007
    $1
    Zoning & alternative use
    C · Douglas, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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