Property profile

16 Commerce Blvd Middleborough, MA 02346

FOR LEASE
Office buildings
Property ID
US38-1000156
28,000 SF 3.19 ac lot Built 1987
Entity Owned 12-yr Hold ~ Est. High Equity
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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

Location

16 Commerce Blvd Middleborough, MA 02346
Middleborough metro Census 542200 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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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

since 2014
7 recorded transactions
2014
$3.4M
2008
$1
2008
Price N/A
2006
$1
2006
$2.1M
1999
$1.5M
1999
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $7.4M +30.5%
Industrial (general) $6.4M +12.4%
Retail stores $5.8M +2.7%

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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