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    FOR LEASE
    Office buildings

    16 Commerce Blvd, Middleborough, MA 02346

    28,000 SF 3.19 ac lot Built 1987
    Entity Owned 12-yr Hold ~ Est. High Equity
    Property ID
    US38-1000156
    Property summary
    AI-generated overview

    This exceptional office space, located at 16 Commerce Blvd in Middleborough, Massachusetts, offers a flexible layout ideal for various uses, including medical, office, or R&D. Situated within the thriving Middleborough Park @ 495, this property benefits from its strategic location in a growing commercial area of the 495 South Submarket. The building itself is a Class C, traditional office building with a total of 27,958 square feet. Currently, there is 3,500 square feet of vacant space available for lease on the first floor, divisible into units as small as 1,500 square feet and with a maximum contiguous space of 3,500 square feet. The property sits on a 3.19-acre lot, providing ample space and potential for future expansion. The building's proximity to a large, expanding Amazon Hub further enhances its appeal and accessibility. This presents a unique opportunity for businesses seeking a well-located, adaptable space in a dynamic commercial environment. The property's zip code is 02346, and it is located in Plymouth County. This space is perfect for businesses looking to establish or expand their presence in a convenient and rapidly developing area. The flexible floor plan allows for customization to meet specific business needs.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1987
    Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Total area 28,000 SF
    Lot 3.19 ac (138,956 SF)
    APN MIDD M:00039 L:4381 U:0000
    UPID US38-1000156
    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
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $9.61M
    Comparable Approach Comparable
    $6.73M
    Blend (final) Blend
    $7.16M
    Owner & transaction history
    Commerce 16 LLC · 12 yrs held
    Commerce 16 LLC
    since 2014
    7 recorded transactions
    2014
    $3.4M
    2008
    $1
    2008
    2006
    $1
    2006
    $2.1M
    1999
    $1.5M
    1999
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $7.4M +30.5%
    Industrial (general) $6.4M +12.4%
    Retail stores $5.8M +2.7%
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    More about this property
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