Building Details

Year Built 1890

Listing Agency: The Lexvest Group

Listed By: Charles Detwiller Show Phone

Source: Lockandkeyre

Added: Jul 10 Changed: Oct 29 Last Checked: Oct 28 at 7:55AM

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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 The Lexvest Group

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Investment Insights

Based on property information with market context.

This office suite is available for sale as part of Phoenix Park, a state-of-the-art business center with a wide range of commercial lease options. Phoenix Park is set on a serene 56-acre campus and includes a restored 300,000 SF mill complex that maintains historic charm while supporting today’s business needs.

The property is located at 2 Shaker Rd, Unit F006, Shirley, MA 01464. Phoenix Park hosts more than 70 companies serving the local area and well beyond.

The suite size is listed as 200 SF, positioning it for smaller office users within a larger, established commercial campus.

Key Highlights

• Office suite available at Phoenix Park business center in Shirley, MA
• Phoenix Park is a 56‑acre state‑of‑the‑art business campus offering commercial lease options
• Restored 300,000 SF mill complex with historic character and a focus on technology

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$6,346

Suggested Prices Based on Cap Rates

Cap Rate 5%

$126,920 $126.9K

Cap Rate 7%

$90,657 $90.7K

Cap Rate 9%

$70,511 $70.5K

What to ask about pricing

Market Conditions

NOI Build-Up for 200 SF

Gross rent

$10.8K $54.24/SF

− Vacancy

−$2.4K −$11.93/SF

EGI

$8.5K $42.31/SF

− OpEx

−$2.1K −$10.58/SF

NOI

$6.3K $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%

$126,920

Cap Rate 7%

$90,657

Cap Rate 9%

$70,511

Alternative Uses

Best Use

Office B

$90.7K

$79.3K – $105.8K (±1% cap)

NOI $6,346 @ 7.0% cap · market cap 52,883.33%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$118.4K

$103.6K – $138.1K (±1% cap)

NOI $8,288 @ 7.0% cap · market cap 69,066.67%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Solid State Construction Roofing Company Closets by Design ... Construction Company AlphaGraphics Shirley (Bike/Boat/Book/etc) Store Hot Tubes Painting Service Stryker Corporation Industrial Manufacturer

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Real Estate Agency Hair Salon Plumbing Service (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

239

Businesses Nearby

Explore this area Business Placement

Demographics for 01464, MA

7,427

Population

2,512

Households

3

Avg Household Size

43

Median Age

36%

College-Educated

90%

High-School Grad

15.1 sq mi

ZIP Area

492

Density / Sq Mi

$121,875

Median Household Income

$73,721

Median Earnings

$1,189

Median Rent

$412,700

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Similar For Sale Nearby

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Four-Unit Multifamily Quadplex

49-53 Fredonian, Shirley, MA 01464

$689,999

2,978 SF

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Two-Story Flex Facility

114 Lancaster Road, Shirley, MA 01464

$8,325,000

45,000 SF

View details

Frequently Asked Questions

What type of property is this?

Office unit - Office suite available within the Phoenix Park business center in Shirley, MA.

Where is this office unit located?

The property is located at 2 Shaker Rd Unit F006 Shirley, MA.

What are key features of this property?

This property features: Office suite available at Phoenix Park business center in Shirley, MA; Phoenix Park is a 56‑acre state‑of‑the‑art business campus offering commercial lease options; Restored 300,000 SF mill complex with historic character and a focus on technology