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    OFF-MARKET Estimated value $840,000
    Industrial properties

    50 Howe Ave, Millbury, MA 01527-3264

    9,200 SF 19.24 ac lot Built 1940
    Entity Owned 35-yr Hold Free & Clear
    Property ID
    US38-0580762
    Property summary
    AI-generated overview

    This exceptional Millbury, MA industrial property, Howe Avenue Industrial Park, offers a variety of warehouse and distribution spaces totaling 258,100 square feet. Three buildings are available, with spaces ranging from a minimum of 4,500 square feet to a maximum contiguous space of 40,000 square feet. Building R, recently renovated (July 2024), boasts approximately 40,000 square feet (subdividable to approximately 20,000 square feet), featuring column-free space with approximately 20-30 foot ceiling heights, brand new LED lighting, electrical service, windows, and bathrooms. It includes three exterior and one interior tailboard height loading docks, plus two drive-in doors, and outdoor yard space. Building J offers approximately 27,500 square feet of column-free space with approximately 18-foot clear ceiling heights, two tailboard height loading docks, and access to one drive-in door. Potential for warehouse racking is available. Building D provides approximately 4,500 square feet with 30-foot clear ceiling heights and column-free space, sharing a loading dock. Additionally, approximately 1,200 square feet of office space and two 2,500 square foot Quonset huts are available. The property is zoned Industrial-1 and located in Worcester County, offering convenient access to Routes 20, 146, the Mass Pike, and I-290. The well-maintained property benefits from on-site landlord management, making it ideal for warehouse, distribution, manufacturing, or other industrial users seeking easy highway access and a secure environment.

    Property profile
    Verified
    Property type Industrial properties
    Use group INDUSTRIAL (GENERAL)
    Year built 1940
    Total area 9,200 SF
    Lot 19.24 ac (838,094 SF)
    Zoning code I1
    APN MILB M:045 B:0000194 L:
    UPID US38-0580762
    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
    • Greenwood Industries Inc Hardware & Home Improvement General Contractor
    • Insight Pest Solutions - Boston, MA Garden Center
    • A & A Office Installations Inc Furniture & Home Goods
    • Tripoint Technical Services Laboratory
    • Stellar Industries Corporation Industrial Manufacturer Production Facility
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.15M
    Blend (final) Blend
    $840k
    Owner & transaction history
    Aaa Mass Tpke Wrshe Co · 35 yrs held
    Aaa Mass Tpke Wrshe Co
    since 1990
    4 recorded transactions
    2010
    2010
    1997
    1990
    $472,000
    Zoning & alternative use
    I1 · Millbury, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.3M +69.9%
    Neighborhood: shopping center $1.2M +57.7%
    Apartment house (5+ units) $1.1M +49.9%
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