Historic Landmark on Great
For Sale
Contact for pricing
144 Great Rd, Acton, MA 01720
Historic landmark with prime frontage, ideal for retail or office.
Property Size5,637 SF
Price / SF$266.10
Days on Market868
Property Features for 144 Great Rd
General Information
Standard status
Active
Size
5,637 SF
Class
B
Property subtype
Mixed Use, Office, Retail
Zoning
Limited Business
Investment Type
Owner/User
Building Details
Buildings
1
Stories
2
Units
1
Listing Agency:
Omni Properties
Listed By:
Anne Flanagan · License #MA 9033032
(978) 369-4884
Source:
Crexi
Added: May 21, 2024
Changed: Oct 3
Last Checked: Oct 4 at 7:10AM
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 Omni Properties
Investment Insights
Based on property information with market context.
This historic landmark property, situated on Great Road, offers excellent visibility and prime frontage within a vibrant commercial area. The property is suitable for retail or office use. A notable feature is the outdoor patio, which is ideal for hosting clients or employee events. The property encompasses a total size of 5637 square feet.
Key Highlights
- Historic landmark property
- Excellent visibility and prime frontage
- Located in the most vibrant commercial area in Acton
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$93,011
Cap Rate
6.20%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,860,220
$1.9M
Cap Rate 7%
$1,328,729
$1.3M
Cap Rate 9%
$1,033,456
$1.0M
Market Conditions
NOI Build-Up for 5,637 SF
Gross rent
$169.1K $30.00/SF
− Vacancy
−$20.3K −$3.60/SF
EGI
$148.8K $26.40/SF
− OpEx
−$55.8K −$9.90/SF
NOI
$93.0K $16.50/SF
Area
Middlesex County, MA
Vacancy
12.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,860,220
Cap Rate 7%
$1,328,729
Cap Rate 9%
$1,033,456
Alternative Uses
Best Use
Office B
$2.56M
$2.24M – $2.98M
NOI $178,864 @ 7.0% cap · market cap 11.92%
Second Best
Mixed Use
$1.33M
$1.16M – $1.55M
NOI $93,011 @ 7.0% cap · market cap 6.20%
Theoretical Best
Office A
$3.34M
$2.92M – $3.89M
NOI $233,596 @ 7.0% cap · market cap 15.57%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
Explore this area
Business Placement
Demographics for 01720, MA
23,232
Population
8,937
Households
2.6
Avg Household Size
43
Median Age
78%
College-Educated
97%
High-School Grad
19.6 sq mi
ZIP Area
1,185
Density / Sq Mi
$154,101
Median Household Income
$79,774
Median Earnings
$1,908
Median Rent
$766,500
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Historic landmark with prime frontage, ideal for retail or office.
Where is this mixed-use property located?
The property is located at 144 Great Rd Acton, MA.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Historic landmark property; Excellent visibility and prime frontage; Located in the most vibrant commercial area in Acton
