Private Office
For Sale
Contact for pricing
1565 Lakeview Avenue Unit 203, Dracut, MA 01826
Office unit with a private workspace and access to a common restroom.
Property Size300 SF
Price / SF$1.17
Days on Market50
Property Features for 1565 Lakeview Avenue Unit 203
General Information
Standard status
Active
Size
300 SF
Property subtype
Commercial
Building Details
Year Built
1999
Listing Agency:
Beaudoin & Associates, REALTOR
(978) 957-4000
Listed By:
Brenda Beaudoin
(978) 265-0943
Source:
Lockandkeyre
Added: Sep 6
Changed: Oct 25
Last Checked: Oct 24 at 5:41PM
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 Beaudoin & Associates, REALTOR
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Investment Insights
Based on property information with market context.
Unit 203 at 1565 Lakeview Avenue is a 300-square-foot office unit with a private office and access to a common restroom. The property was built in 1999.
The unit is located across from the Dracut schools, providing a recognizable setting for an office user. The property is offered for sale.
The unit is located across from the Dracut schools, providing a recognizable setting for an office user. The property is offered for sale.
Key Highlights
- 300 square feet of office space
- Private office configuration
- Access to a common restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,519
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,380
$190.4K
Cap Rate 7%
$135,986
$136.0K
Cap Rate 9%
$105,767
$105.8K
Market Conditions
NOI Build-Up for 300 SF
Gross rent
$16.3K $54.24/SF
− Vacancy
−$3.6K −$11.93/SF
EGI
$12.7K $42.31/SF
− OpEx
−$3.2K −$10.58/SF
NOI
$9.5K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$190,380
Cap Rate 7%
$135,986
Cap Rate 9%
$105,767
Alternative Uses
Best Use
Office B
$136.0K
$119.0K – $158.7K
NOI $9,519 @ 7.0% cap · market cap 2,719.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$177.6K
$155.4K – $207.2K
NOI $12,432 @ 7.0% cap · market cap 3,552.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
263
Businesses Nearby
Explore this area
Business Placement
Demographics for 01826, MA
32,689
Population
12,480
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,572
Density / Sq Mi
$111,451
Median Household Income
$58,361
Median Earnings
$1,740
Median Rent
$466,200
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 unit - Office unit with a private workspace and access to a common restroom.
Where is this office unit located?
The property is located at 1565 Lakeview Avenue Unit 203 Dracut, MA.
What are key features of this property?
This property features: 300 square feet of office space; Private office configuration; Access to a common restroom
