Warehouse
220 Garfield Ave, Woburn, MA 01801
For Sale
Contact for pricing
A substantial warehouse property is offered for sale in Woburn.
Property Size33,940 SF
Lot Size2.47 Acres
Price / SF$226.87
Days on Market14
Property Features for 220 Garfield Ave
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Building Size
Listing Agency:
The Stubblebine Company
Listed By:
Micah Stubblebine · License #MA 9089495
(978) 265-8101
Source:
Crexi
Added: Oct 27
Changed: Nov 8
Last Checked: Nov 8 at 6:12PM
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 Stubblebine Company
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This warehouse property comprises a 33,940-square-foot building on a 2.47-acre parcel. The property is located at 220 Garfield Ave in Woburn, Massachusetts.
Key Highlights
- 33,940 SF warehouse building
- 2.47‑acre parcel
- Located at 220 Garfield Ave, Woburn, MA 01801
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$443,017
Cap Rate
5.75%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,860,340
$8.9M
Cap Rate 7%
$6,328,814
$6.3M
Cap Rate 9%
$4,922,411
$4.9M
Market Conditions
NOI Build-Up for 33,940 SF
Gross rent
$545.8K $16.08/SF
− Vacancy
−$24.6K −$0.72/SF
EGI
$521.2K $15.36/SF
− OpEx
−$78.2K −$2.30/SF
NOI
$443.0K $13.05/SF
Area
Middlesex County, MA
Vacancy
4.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,860,340
Cap Rate 7%
$6,328,814
Cap Rate 9%
$4,922,411
Alternative Uses
Best Use
Warehouse
$6.33M
$5.54M – $7.38M
NOI $443,017 @ 7.0% cap · market cap 5.75%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$20.09M
$17.58M – $23.44M
NOI $1,406,465 @ 7.0% cap · market cap 18.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
871
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01801, MA
40,891
Population
16,982
Households
2.4
Avg Household Size
41
Median Age
47%
College-Educated
94%
High-School Grad
12.7 sq mi
ZIP Area
3,220
Density / Sq Mi
$107,754
Median Household Income
$60,637
Median Earnings
$2,190
Median Rent
$641,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Warehouses in Middlesex County, MA
Properties on Market for Warehouses in Middlesex County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- Koko Boodakian & Sons — 808 Main St, Winchester, MA 01890
- Stor-U-Self — 25 Conn St, Woburn, MA 01801
- Piece By Piece Moving & Storage — 90 Blueberry Hill Rd, Woburn, MA 01801
Frequently Asked Questions
What type of property is this?
Warehouse - A substantial warehouse property is offered for sale in Woburn.
Where is this warehouse located?
The property is located at 220 Garfield Ave Woburn, MA.
What is the asking price?
The asking price for this property is $7,700,000.
What are key features of this property?
This property features: 33,940 SF warehouse building; 2.47‑acre parcel; Located at 220 Garfield Ave, Woburn, MA 01801
