End-Cap Flex
New
For Sale
$908,800
2 Park Dr, Westford, MA 01886
Warehouse operations benefit from three-phase power and a drive-in door.
Property Size1,986 SF
Price / SF$200
Days on Market5
Property Features for 2 Park Dr
General Information
Standard status
Active
Size
1,986 SF
Property subtype
Commercial
Warehouse & Industrial
Clear Height
18.6 ft
Drive-In Doors
1
Three-Phase Power
Yes
Building Details
Building Size
1,986 SF
Year Built
1986
Listing Agency:
Greater Boston Commercial Properties, Inc.
Listed By:
Bret O'Brien · License #8994
(508) 925-7477
Source:
Iverty
Added: Oct 1
Changed: Oct 4
Last Checked: Oct 4 at 10:32AM
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 Greater Boston Commercial Properties, Inc.
Investment Insights
Based on property information with market context.
This 4,544-square-foot flex condo was built in 1986 and occupies an end-cap position. The warehouse area offers 18'7" of clear height, one drive-in door, and three-phase power.
Key Highlights
- 4,544‑square‑foot flex condo
- End‑cap unit
- Warehouse area with 18'7" clear height
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,691
Cap Rate
6.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,820
$1.2M
Cap Rate 7%
$838,443
$838.4K
Cap Rate 9%
$652,122
$652.1K
Market Conditions
NOI Build-Up for 4,544 SF
Gross rent
$73.1K $16.08/SF
− Vacancy
−$4.0K −$0.88/SF
EGI
$69.0K $15.20/SF
− OpEx
−$10.4K −$2.28/SF
NOI
$58.7K $12.92/SF
Area
Middlesex County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,173,820
Cap Rate 7%
$838,443
Cap Rate 9%
$652,122
Alternative Uses
Best Use
Warehouse
$838.4K
$733.6K – $978.2K
NOI $58,691 @ 7.0% cap · market cap 6.46%
Second Best
Industrial
$690.5K
$604.2K – $805.6K
NOI $48,334 @ 7.0% cap · market cap 5.32%
Theoretical Best
Office A
$2.69M
$2.35M – $3.14M
NOI $188,302 @ 7.0% cap · market cap 20.72%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
18 ft
Clear height
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
759
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01886, MA
24,618
Population
9,181
Households
2.7
Avg Household Size
43
Median Age
73%
College-Educated
98%
High-School Grad
30.2 sq mi
ZIP Area
815
Density / Sq Mi
$181,523
Median Household Income
$85,401
Median Earnings
$2,068
Median Rent
$689,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Northeast region
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Similar Off Market Nearby
- Metropolitan Catering — 313 Littleton Rd, Westford, MA 01886
Frequently Asked Questions
What type of property is this?
Flex space - Warehouse operations benefit from three-phase power and a drive-in door.
Where is this flex space located?
The property is located at 2 Park Dr Westford, MA.
What is the asking price?
The asking price for this property is $908,800.
What are key features of this property?
This property features: 4,544‑square‑foot flex condo; End‑cap unit; Warehouse area with 18'7" clear height
