Second-Floor Office
For Sale
Contact for pricing
35-41 W Main St # 7 & 8, Georgetown, MA 01833
Flexible office layout with private rooms, open workspace, parking, and building signage facing a busy commercial corridor.
Property Size828 SF
Price / SF$3.02
Days on Market954
Property Features for 35-41 W Main St # 7 & 8
General Information
Standard status
Active
Size
828 SF
Property subtype
Commercial
Zoning
C
Additional Details
Floor
2
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$10,129
Building Details
Building Size
828 SF
Year Built
1973
Listing Agency:
Keller Williams Realty
(978) 475-2111
Listed By:
Faulkner Commercial Group
(978) 269-5445
Source:
Churchillprop
Added: Mar 6, 2024
Changed: Oct 6
Last Checked: Oct 16 at 6:06AM
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 Keller Williams Realty
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Investment Insights
Based on property information with market context.
Located on the second floor of the Eagle Building, this approximately 828-square-foot office property combines open workspace with private offices. The space can be divided into areas of approximately 337 square feet and 482 square feet, supporting multiple office configurations. The property carries C zoning and is offered with a modified gross lease structure; heat is included, while the tenant pays other utilities in addition to base rent.
The building fronts W Main St in downtown Georgetown, with signage exposure along Route 97 and reported traffic of 15,430 AADT. The property is approximately 2 miles from I-95 and sits near the intersection of Route 133, Route 97, and North Street. Nearby retail businesses include Dunkin Donuts, Salem Five, Napa Auto Parts, Crosby Market, Mobil, CVS, and The Spot restaurant. On-site parking is available.
The building fronts W Main St in downtown Georgetown, with signage exposure along Route 97 and reported traffic of 15,430 AADT. The property is approximately 2 miles from I-95 and sits near the intersection of Route 133, Route 97, and North Street. Nearby retail businesses include Dunkin Donuts, Salem Five, Napa Auto Parts, Crosby Market, Mobil, CVS, and The Spot restaurant. On-site parking is available.
Key Highlights
- Approximately 828 SF of second‑floor office space
- Open workspace and private offices within the Eagle Building
- Can be divided into approximately 337 SF and 482 SF areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,079
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,580
$461.6K
Cap Rate 7%
$329,700
$329.7K
Cap Rate 9%
$256,433
$256.4K
Market Conditions
NOI Build-Up for 828 SF
Gross rent
$37.8K $45.60/SF
− Vacancy
−$7.0K −$8.44/SF
EGI
$30.8K $37.16/SF
− OpEx
−$7.7K −$9.29/SF
NOI
$23.1K $27.87/SF
Area
Essex County, MA
Vacancy
18.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$461,580
Cap Rate 7%
$329,700
Cap Rate 9%
$256,433
Alternative Uses
Best Use
Office B
$329.7K
$288.5K – $384.7K
NOI $23,079 @ 7.0% cap · market cap 923.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$490.2K
$428.9K – $571.9K
NOI $34,312 @ 7.0% cap · market cap 1,372.48%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
323
Businesses Nearby
Explore this area
Business Placement
Demographics for 01833, MA
8,410
Population
3,220
Households
2.6
Avg Household Size
44
Median Age
54%
College-Educated
98%
High-School Grad
12.8 sq mi
ZIP Area
657
Density / Sq Mi
$153,565
Median Household Income
$78,497
Median Earnings
$1,973
Median Rent
$614,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Flexible office layout with private rooms, open workspace, parking, and building signage facing a busy commercial corridor.
Where is this office units located?
The property is located at 35-41 W Main St # 7 & 8 Georgetown, MA.
What are key features of this property?
This property features: Approximately 828 SF of second‑floor office space; Open workspace and private offices within the Eagle Building; Can be divided into approximately 337 SF and 482 SF areas
