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

    370 Main Street #202A Townsend, MA 1474

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $575 /Mo

    320 SF office space with included utilities for rent.

    Property size:
    320 SF
    Added:
    Apr 22, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 22 at 12:05 pm

    Property Features for 370 Main Street #202A

    General Information

    Standard status
    Active
    Size
    320 SF

    Building Details

    Year Built
    1987

    We can help!

    Listing Contact
    Barry Brown
    Barry Brown

    Listing agent Barry Brown License #453500936

    Listing office Coldwell Banker Realty - Westford

    Listing date Apr 22, 2026

    Source Liongatere

    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 Coldwell Banker Realty - Westford

    Overview

    Second Floor Office Space Available

    This 320 square foot office space is located on the second floor and includes heat, air conditioning, and electricity. The building offers ample parking and is shared with a dentist office, attorney, appraiser, and construction company office. Various combinations are available within each suite to increase rentable unit sizes, offering flexibility for different workspace needs. This office provides a suitable alternative to a home office environment.
    Location Intelligence

    Current Use by Public Records

    R J Holohan ... Plumbing Service Townsend Dental Group Dental Office Rauhala Gene A Law Firm Hair Studio West Hair Salon Cynthia R. Lane-Hand, ... Counselor

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Auto Parts Store Department Store Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Townsend
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.7289632
    Latitude
    42.6741986

    Nearby Similar for Lease

    • $800/Mo

      Versatile Commercial Space in Townsend

      Flexible retail/office spaces with utilities included and ample parking.
      7 Elm St unit: B, Townsend, MA 01469
      View Details
    • $2,500/Mo

      Versatile Commercial Space in Townsend

      Flexible retail/office spaces with utilities included and ample parking.
      7 Elm St unit: D, Townsend, MA 01469
      View Details
    • $1,500/Mo

      Flexible Retail & Commercial Space

      Multiple leasing configurations available to fit various business needs.
      7 Elm St unit: A, Townsend, MA 01469
      View Details
    • $2,500/Mo

      Versatile Commercial Space For Lease

      Flexible retail and commercial spaces with multiple leasing configurations.
      7 Elm St #D, Townsend, MA 01469
      View Details
    • $1,750/Mo

      Townsend Retail Space For Rent

      Retail spaces available in Townsend's Central Plaza near Route 119.
      222 Main, Townsend, MA 01469
      View Details
    • $1,200/Mo

      Functional Office Space Available

      1500 SF office space suitable for various business needs.
      241 Main St L, Townsend, MA 01469
      View Details

    FAQs

    What type of property is this?
    Office units - 320 SF office space with included utilities for rent.
    Where is this office units located?
    The property is located at 370 Main Street #202A Townsend, MA.
    What is the lease rate?
    The lease rate is $575 /Mo.
    What are key features of this property?
    This property features: Includes heat, AC, and electric.; Ample parking available.; Located on the 2nd floor.
    (978) 837-2739
    We can help!
    Listing Contact
    Barry Brown
    Barry Brown
    Real Estate License ID: 453500936
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!