Property profile

1537 Grafton Rd Millbury, MA 01527

OFF-MARKET
Manufacturing properties
Property ID
US38-2518538
44,646 SF 5.7 ac lot Built 1966
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 84,000-square-foot industrial facility in Millbury, Massachusetts, presents a unique opportunity for businesses seeking modern, high-capacity space. Located directly off I-90, this newly constructed (2024) building offers unparalleled convenience and accessibility. The property boasts a flexible layout, with a minimum divisible space of 25,000 square feet and the potential to lease the entire 84,000 square feet contiguously. Currently, the entire 84,000 square feet is vacant and available for immediate occupancy. High ceilings ranging from 16 to 36 feet provide ample vertical space, while seven drive-in doors and six loading docks ensure efficient loading and unloading operations. The property also features 115+ parking spaces and a robust power supply of 1,600 amps, 480v 3-phase. Designed for manufacturing and warehousing, the clear-span warehouse areas offer operational flexibility. The facility includes crane rails with a 20-ton capacity and ample outdoor storage on a 5.7-acre lot. This property is ideal for businesses requiring significant space, high ceilings, and excellent access to major transportation routes. The address is 1537 Grafton Road, Millbury, MA 01527.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1966
Construction STEEL FRAME
Total area 44,646 SF
Lot 5.7 ac (248,292 SF)
APN MILB M:007 B:0000017 L:
UPID US38-2518538

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1537 Grafton Rd Millbury, MA 01527-4332
Millbury metro Census 737300 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.45M
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.09M
Blend (final) Blend
$4.44M

Owner & transaction history

since 2021
Last sale
$4.5M
1 recorded transaction
2021
$4.5M

Zoning & alternative use

Top alternative use upside
Retail stores $7.0M +96.0%
Auto repair, garage $6.9M +91.7%
Office building $6.1M +69.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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