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    5 Wallace St Methuen, MA 01844

    For Lease
    $20 SF/Yr

    Commercial Lease - Methuen, MA

    Days on Market:
    12
    Last Refresh:
    Dec 5 at 1:06 pm

    Property Features for 5 Wallace St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RD
    APN
    4944067

    Building Details

    Year built
    1985
    Architectural style
    Other

    RE/MAX PARTNERS (978) 475-2100 [email protected]

    Listing agent Laurence Marocco (978) 475-2100

    Listing date Nov 24, 2025

    MLS# 73457536 Listing URL

    Copyright © 2025 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Office/Retail Condo Available

    This commercial condo in Methuen, MA, is available for lease. The property is suitable for office or retail use. The updated interior features attractive finishes and includes five small offices, a reception area, one half bath, and one full bath. The lower level consists of two finished rooms. The square footage includes the basement level offices. Condo fees and taxes are approximately $500 per month.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Merrimack Valley Psychiatric ... Psychiatrist Center for Psychiatric Medicine Psychiatric Hospital Ceramics Limited Dental ... Dental Laboratory Ortiz Maribel Nurse Practitioner Sara Correia, M.ED, ... Counselor

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.131744
    Latitude
    42.740423

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    FAQs

    What type of property is this?
    Office space - Commercial office/retail condo with attractive finishes and basement.
    Where is this office space located?
    The property is located at 5 Wallace St Methuen, MA.
    What is the lease rate?
    The lease rate is $20 SF/Yr.
    What are key features of this property?
    This property features: - Updated with attractive finishes; - Includes five small offices and a reception area; - Lower level with two finished rooms, expanding usable space
    (978) 475-2100
    Request Owner's contact information
    5 Wallace St Methuen, MA 01844
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    Methuen, MA 01844
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5 Wallace St Methuen, MA 01844
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