Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    28 Lord Road Unit 205 Marlborough, MA 1752

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $699,000

    4,375 Sq. Ft office condo available for sale or lease.

    Type:Commercial
    Property size:
    4,375 SF
    Added:
    Jan 19, 2025
    Days on Market:
    463
    Last Refresh:
    Apr 21 at 6:36 am

    Property Features for 28 Lord Road Unit 205

    General Information

    Standard status
    Active
    Size
    4,375 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Bret O'Brien

    Listing agent Bret O'Brien

    Listing office Greater Boston Commercial Properties,Inc.

    Listing date Jan 19, 2025

    Source Stevebremis

    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.

    Overview

    Office Condo For Sale/Lease

    This commercial real estate offering features a 4,375 square foot office condo available for sale or lease.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Marlborough
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.5713493
    Latitude
    42.3461586

    Nearby Similar for Sale

    • $529,900
      2,397 SF

      Unique Marlborough Multi-Family Investment

      Two-family property with lake views and expansion potential.
      30 Winter Ave, Marlborough, MA 01752
      View Details
    • $699,000
      4,375 SF

      Office Condo For Sale/Lease

      4,375 Sq. Ft office condo available for sale or lease.
      28 Lord Rd #205, Marlborough, MA 01752
      View Details
    • $1,349,000
      5,040 SF

      New Light Industrial Building Available

      5,040 sq.ft. light industrial building in Airport Industrial Park.
      88 Airport Boulevard #7, Marlborough, MA 01752
      View Details
    • $1,399,000
      6,000 SF

      New Light Industrial Building

      6,000 sq.ft. light industrial building for sale.
      66 Airport Blvd. #5, Marlborough, MA 01752
      View Details
    • $1,399,000
      6,000 SF

      New Light Industrial Building

      6,000 sq.ft. light industrial building in Airport Industrial Park.
      78 Airport Blvd. #6, Marlborough, MA 01752
      View Details
    • $239,000
      72,000 SF

      Marlborough Office Condo For Sale

      Office condominium with immediate availability, convenient location, and modern amenities.
      28 Lord Road, Marlborough, MA 01752
      View Details
    • Contact for pricing
      3,633 SF

      Medical Office Condo Near I-495

      Multi-use medical office condo with easy highway access.
      28 Lord Rd Suites 225 & 255, Marlborough, MA 01752
      View Details
    • Contact for pricing
      87,862 SF

      Industrial Portfolio on 12.3 Acres

      Three-building industrial portfolio on 12.3 acres, 52% leased.
      896 Boston Post Road Marlborough, MA 01752
      View Details
    • Contact for pricing
      10,000 SF

      Marlborough Office Building Opportunity

      Freestanding office building or condos for sale or lease.
      230 Maple Street Marlborough, MA 01752
      View Details
    • Contact for pricing
      13,030 SF

      Retail Building with Starbucks Anchor

      Fully leased retail building with long-term tenants.
      29 South Bolton Street, Marlborough, MA 01752
      View Details
    • Contact for pricing
      5,374 SF

      Marlborough Office & Flex Space

      Office and flex space in a high-visibility Marlborough location.
      7-9 Mechanic Street, Marlborough, MA 01752
      View Details
    • Contact for pricing
      3,048 SF

      Professional Suites in Desirable Location

      Professional suites available in a convenient Marlborough location off Route 20.
      74 Main Street, Marlborough, MA 01752
      View Details

    FAQs

    What type of property is this?
    Office units - 4,375 Sq. Ft office condo available for sale or lease.
    Where is this office units located?
    The property is located at 28 Lord Road Unit 205 Marlborough, MA.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: 4,375 sq. ft office condo available for sale or lease.; Year Built: 1988
    We can help!
    Listing Contact
    Bret O'Brien
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!