Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2300 W Park Dr Westborough, MA 01581

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space available in Westborough, Massachusetts with on-site management.

    Property size:
    30,000 SF
    Lot size:
    29.06 Acres

    Property Features for 2300 W Park Dr

    General Information

    Size
    30,000 SF
    Lot size
    29.06 Acres

    We can help!

    Listing Contact
    Kathleen Herlihy
    Kathleen Herlihy
    Source: Moodyscre

    Listing Agent: Kathleen Herlihy

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Westborough Office Space For Rent

    This property, located at 2300 W Park Dr in Westborough, Massachusetts, offers 30,000 square feet of office space for rent. The location provides access to hotels, restaurants, and a shopping center. On-site management is available. The property can be linked with 800, 1200, 1300, and 1400 W Park Drive to create a single building totaling 1,100,000 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office buildings

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Law Firm Hair Salon Wholesale Shop Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Westborough
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.5707256
    Latitude
    42.2782255

    Nearby Similar for Lease

    • $19 SF/Yr
      52,272 SF

      Westborough Office Space For Rent

      Second floor office suite available for lease in Westborough.
      4 Bellows Rd, Westborough, MA 01581
      View Details
    • $19 SF/Yr
      52,272 SF

      Westborough Office Suite For Rent

      First floor office suite with private offices and kitchenette.
      4 Bellows Rd, Westborough, MA 01581
      View Details
    • Contact for pricing
      4,474 SF

      Premier Westborough Office Space Available

      High-end office space in a master-planned suburban office park.
      1800 W Park Dr, Westborough, MA 01581
      View Details
    • Contact for pricing
      11,089 SF

      Premier Westborough Office Park Portfolio

      Eight-building office portfolio in a 153-acre master-planned park.
      1700 W Park Dr, Westborough, MA 01581
      View Details
    • Contact for pricing
      20,709 SF

      Premier Westborough Office Park Location

      Eight-building office portfolio in a master-planned suburban park.
      1900 W Park Dr, Westborough, MA 01581
      View Details
    • Contact for pricing
      4,699 SF

      Premier Westborough Office Space

      Premier office space in a master-planned suburban office park.
      2200 W Park Dr, Westborough, MA 01581
      View Details
    • Contact for pricing
      6,131 SF

      Versatile Office Space in Westborough

      Adaptable office space with abundant natural light and convenient access.
      8 Church St, Westborough, MA 01581
      View Details
    • Contact for pricing
      1,040 SF

      Westborough Office Park Premier Office

      Premier office portfolio in Westborough Office Park for lease.
      1500 W Park Dr, Westborough, MA 01581
      View Details
    • Contact for pricing
      62,000 SF

      Westborough Office/Lab/Biotech Opportunity

      Large contiguous space suitable for office, lab, or biotech uses.
      4400 Computer Dr N, Westborough, MA 01581
      View Details
    • Contact for pricing
      1,282 SF

      Retail Space in Bay State Commons

      Retail space available in planned mixed-use Westborough development.
      600 Union St, Westborough, MA 01581
      View Details
    • Contact for pricing
      5,579 SF

      Westborough Retail Space on Turnpike

      Retail space with high visibility and plentiful parking available for lease.
      153 Turnpike Rd, Westborough, MA 01581
      View Details
    • Contact for pricing
      5,237 SF

      Westborough Office Park Premier Location

      Premier office portfolio in Westborough Office Park for lease.
      2000 W Park Dr, Westborough, MA 01581
      View Details

    FAQs

    What type of property is this?
    Office building - Office space available in Westborough, Massachusetts with on-site management.
    Where is this office building located?
    The property is located at 2300 W Park Dr Westborough, MA.
    What are key features of this property?
    This property features: - Located in a Shopping Center.; - Proximity to Restaurants.; - Suitable for Hotels.
    (508) 898-3800
    Request Owner's contact information
    2300 W Park Dr Westborough, MA 01581
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2300 W Park Dr
    Westborough, MA 01581
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2300 W Park Dr Westborough, MA 01581
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kathleen Herlihy
    Kathleen Herlihy
    (508) 898-3800
    Learn more
    Google sign-in failed. Please try again or use another login method.