Property profile

17 Saint Mark St Auburn, MA 01501

FOR LEASE
Manufacturing properties
Property ID
US38-0597491
51,828 SF 2.4 ac lot Built 1969
Individually Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 51,828-square-foot building, situated on a 2.4-acre lot in Auburn, Massachusetts, presents a unique opportunity for businesses seeking a combined office and warehouse space. The property, classified as Class C and constructed in 1969, offers 8,000 square feet of immediately available space within a single-tenant configuration. The building boasts 48 drive-in doors, providing exceptional accessibility for loading and unloading. Power is supplied by a robust 3-phase, 480-volt system, suitable for a variety of industrial and manufacturing operations. Located at 17 Saint Mark Street, this property enjoys a strategic position, offering easy access to major transportation arteries including Route 20, I-290, I-393, Route 146, and the Mass Pike (I-90). The property's versatile design accommodates a range of uses, from traditional warehousing to manufacturing and other industrial applications. The property is located in Worcester County, MA, zip code 01501. This is a rare opportunity to secure a substantial and well-located property in a thriving area. The building's size and features make it ideal for a company seeking to expand or consolidate its operations. The ample drive-in doors and high-power capacity ensure efficient workflow and operational flexibility. The convenient location provides excellent access to regional transportation networks, facilitating seamless logistics and distribution.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1969
Construction STEEL FRAME
Total area 51,828 SF
Lot 2.4 ac (104,544 SF)
APN AUBU M:0058 L:0047
UPID US38-0597491

Cap rate & NOI

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

Location

17 Saint Mark St Auburn, MA 01501
Auburn metro Census 736500 WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.72M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.62M

Owner & transaction history

since 2022
Last sale
$3.8M
7 recorded transactions
2022
$3.8M
2017
Price N/A
2016
$3.1M
2008
Price N/A
2000
Price N/A
1989
Price N/A
1989
Price N/A

Zoning & alternative use

Top alternative use upside
Commercial (general) $5.7M +37.5%

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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