Three-Story Office
2 Main St, Stoneham, MA 02180
For Sale
New
Contact for pricing
Office suites offer private rooms and shared meeting and kitchen areas, with perimeter windows bringing daylight into workspaces.
Property Size48,769 SF
Lot Size3.00 Acres
Price / SF$0.00
Days on Market5
Property Features for 2 Main St
General Information
Standard status
Size
Total Parking Spaces
Elevators
Lot size
Additional Details
Tenant in Place
Property Use
Amenities
two-story atrium lobby
updated common-area lighting
24-hour FOB building access
on-site maintenance
nightly cleaning
snow removal
landscaping
Building Details
Year Built
Buildings
Stories
Tenancy
Parking Ratio
Listing Agency:
Lock and Key Realty
Listed By:
Jordan Healy
(413) 717-0635
Source:
Lockandkeyre
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:40PM
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 Lock and Key Realty
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Investment Insights
Based on property information with market context.
The three-story office building contains 48,769 square feet and was built in 1980. Interior features include a two-story atrium lobby, passenger elevator, and updated lighting in common areas. Suite 240 has windowed private offices; Suite 300 includes seven private offices, a conference room, and a kitchen. Perimeter windows provide natural light in work areas, and office layouts can be configured to suit individual requirements.
The property occupies three acres and has 172 surface parking spaces, or approximately 3.5 spaces per 1,000 square feet. Building access is available around the clock by FOB. Management provides on-site maintenance, nightly cleaning, snow removal, and landscaping.
The property occupies three acres and has 172 surface parking spaces, or approximately 3.5 spaces per 1,000 square feet. Building access is available around the clock by FOB. Management provides on-site maintenance, nightly cleaning, snow removal, and landscaping.
Key Highlights
- 48,769‑square‑foot office building on three acres
- Three stories with a two‑story atrium lobby and passenger elevator
- 172 surface parking spaces, approximately 3.5 per 1,000 square feet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,547,460
Suggested Prices Based on Cap Rates
Cap Rate 5%
$30,949,200
$30.9M
Cap Rate 7%
$22,106,571
$22.1M
Cap Rate 9%
$17,194,000
$17.2M
Market Conditions
NOI Build-Up for 48,769 SF
Gross rent
$2.65M $54.24/SF
− Vacancy
−$582.0K −$11.93/SF
EGI
$2.06M $42.31/SF
− OpEx
−$515.8K −$10.58/SF
NOI
$1.55M $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%
$30,949,200
Cap Rate 7%
$22,106,571
Cap Rate 9%
$17,194,000
Alternative Uses
Best Use
Office B
$22.11M
$19.34M – $25.79M
NOI $1,547,460 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$28.87M
$25.26M – $33.68M
NOI $2,020,975 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
357
Businesses Nearby
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Business Placement
Demographics for 02180, MA
23,244
Population
9,832
Households
2.4
Avg Household Size
44
Median Age
54%
College-Educated
96%
High-School Grad
6.0 sq mi
ZIP Area
3,874
Density / Sq Mi
$112,635
Median Household Income
$71,709
Median Earnings
$1,878
Median Rent
$629,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Middlesex County, MA
Properties on Market for Office Units in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office suites offer private rooms and shared meeting and kitchen areas, with perimeter windows bringing daylight into workspaces.
Where is this office unit located?
The property is located at 2 Main St Stoneham, MA.
What are key features of this property?
This property features: 48,769‑square‑foot office building on three acres; Three stories with a two‑story atrium lobby and passenger elevator; 172 surface parking spaces, approximately 3.5 per 1,000 square feet
