Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    354 Main Street Gardner, MA 01440

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $22 SF/Yr $23,458/Mo (calc)

    End-cap medical office space available with highway access and parking.

    Type:Office
    Property size:
    12,511 SF
    Added:
    Jan 27, 2026
    Days on Market:
    95
    Last Refresh:
    Dec 3 at 5:41 am

    Property Features for 354 Main Street

    General Information

    Standard status
    Active
    Size
    12,511 SF
    Property subtype
    Office

    Spaces For Lease

    at 354 Main Street Contact us

    We can help!

    Listing Contact
    Michael C. Jacobs
    Michael C. Jacobs

    Listing agent Michael C. Jacobs License #9058150

    Listing office NAI Glickman Kovago & Jacobs

    Listing date Jan 27, 2026

    Source Naiglobal

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

    All listing content including descriptions, pricing, images are the copyrighted material of NAI Glickman Kovago & Jacobs

    Overview

    Medical Office Space For Lease

    Available for lease is 1,654 square feet of end-cap medical office space located at 354 Main Street in Gardner, MA. Constructed in 2011, the building is in excellent condition and features Class A finishes. The property benefits from highway access off of Route 2 and strong roadway visibility. Over 55 parking spaces are available. The available unit includes private offices, exam rooms, a large reception area, and storage spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Longwood Eye & LASIK ... Ophthalmologist Eye & Lasik Center: ... Physician Social Security Administration Social Security Office Edward Jones - Financial ... Financial Advisor Miracle-Ear Hearing Aid ... Hearing Aid Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Tender Heart Vet Care PC — 7 Pearson Blvd, Gardner, MA 01440

    Location Insight

    • Map
    • Local Demand
    City
    Gardner
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.9918
    Latitude
    42.5691

    Nearby Similar for Lease

    • $1,000/Mo

      Prime Automotive Corridor Location

      Highly visible lot in thriving automotive area, ideal for rentals.
      421 West Broadway, Gardner, MA 01440
      View Details
    • $988/Mo

      Spacious Commercial Unit in Gardner

      Prime commercial unit in historic downtown Gardner, flexible layout options.
      31-71 Lake St 151, Gardner, MA 01440
      View Details
    • $988/Mo

      Downtown Gardner Commercial Unit For Lease

      Spacious commercial unit in historic downtown Gardner, suitable for various businesses.
      31-71 Lake St #151, Gardner, MA 01440
      View Details
    • $1,200/Mo

      Two-Room Office Space Available

      Two-room office space with reception and storage area.
      144 Central St 101A+B, Gardner, MA 01440
      View Details
    • $1,000/Mo

      Downtown Gardner Commercial Space

      First-floor commercial space in downtown Gardner, ideal for specialty uses.
      11 Pleasant St, Gardner, MA 01440
      View Details
    • Contact for pricing

      Medical Office Space For Lease

      End-cap medical office space available for lease.
      354 Main Street, Gardner, MA 01440
      View Details
    • $1,000/Mo

      Prime Automotive Corridor Location

      Highly visible location ideal for various business ventures.
      421 West Broadway, Gardner, MA 01440
      View Details
    • Contact for pricing

      Industrial Building Near Route 2

      109,374 SF industrial space with highway access.
      77 Industrial Rowe, Gardner, MA 01440
      View Details
    • Contact for pricing

      Medical Office Space Available

      Pristine medical office space for lease in Gardner, MA.
      354 Main St, Gardner, MA 01440
      View Details
    • Contact for pricing

      Retail Space in Timpany Plaza

      Retail space for lease in vibrant shopping center.
      336-384 Timpany Blvd, Gardner, MA
      View Details
    • Contact for pricing

      Retail Space in Timpany Plaza

      Retail spaces available in a shopping center with diverse tenants.
      360 Timpany Blvd, Gardner, MA 01440
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - End-cap medical office space available with highway access and parking.
    Where is this medical office space located?
    The property is located at 354 Main Street Gardner, MA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: Unparalleled highway access off Route 2; Pristine, move‑in ready medical office space; Class A finishes throughout
    (774) 230-3448
    We can help!
    Listing Contact
    Michael C. Jacobs
    Michael C. Jacobs
    Real Estate License ID: 9058150
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    354 Main Street, Gardner, MA 01440

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!