Lower-Level Office
For Sale
Contact for pricing
35-41 W Main St # LL3, Georgetown, MA 01833
Open-plan office space with on-site parking and prominent exposure along a high-traffic commercial corridor.
Property Size839 SF
Days on Market954
Property Features for 35-41 W Main St # LL3
General Information
Standard status
Active
Size
839 SF
Property subtype
Commercial
Zoning
C
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
Lower Level
Taxes and HOA fees
Annual Taxes
$10,129
Building Details
Building Size
839 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 5:56AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The Eagle Building includes an approximately 839-square-foot office unit on the lower level, arranged with a broad open floorplan. The property was built in 1973 and carries C zoning. On-site parking serves the building, while the unit benefits from visibility along W Main St, also identified as Route 97.
The property sits near the intersection of Route 133, Route 97, and North Street, with reported traffic of 15,430 AADT and I-95 approximately 2 miles away. Nearby retail and service businesses include Dunkin Donuts, Salem Five, Napa Auto Parts, Crosby Market, Mobil, CVS, and The Spot restaurant.
Lease structure is modified gross, with heat included; the tenant is responsible for other utilities in addition to base rent.
The property sits near the intersection of Route 133, Route 97, and North Street, with reported traffic of 15,430 AADT and I-95 approximately 2 miles away. Nearby retail and service businesses include Dunkin Donuts, Salem Five, Napa Auto Parts, Crosby Market, Mobil, CVS, and The Spot restaurant.
Lease structure is modified gross, with heat included; the tenant is responsible for other utilities in addition to base rent.
Key Highlights
- 839 SF+/- lower‑level office unit in the Eagle Building
- Open floorplan suitable for office operations
- C zoning and 1973 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,385
Suggested Prices Based on Cap Rates
Cap Rate 5%
$467,700
$467.7K
Cap Rate 7%
$334,071
$334.1K
Cap Rate 9%
$259,833
$259.8K
Market Conditions
NOI Build-Up for 839 SF
Gross rent
$38.3K $45.60/SF
− Vacancy
−$7.1K −$8.44/SF
EGI
$31.2K $37.16/SF
− OpEx
−$7.8K −$9.29/SF
NOI
$23.4K $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%
$467,700
Cap Rate 7%
$334,071
Cap Rate 9%
$259,833
Alternative Uses
Best Use
Office B
$334.1K
$292.3K – $389.8K
NOI $23,385 @ 7.0% cap · market cap 2,338,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$496.7K
$434.6K – $579.5K
NOI $34,768 @ 7.0% cap · market cap 3,476,800.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road 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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Open-plan office space with on-site parking and prominent exposure along a high-traffic commercial corridor.
Where is this office units located?
The property is located at 35-41 W Main St # LL3 Georgetown, MA.
What are key features of this property?
This property features: 839 SF+/- lower‑level office unit in the Eagle Building; Open floorplan suitable for office operations; C zoning and 1973 construction
