First-Floor Office
3 Lan Dr #103, Westford, MA 01886
For Sale
Contact for pricing
Ground-level office suite positioned by the building entrance with an enclosed office opening toward the reception area.
Property Size738 SF
Price / SF$0.03
Days on Market57
Property Features for 3 Lan Dr #103
General Information
Standard status
Size
Additional Details
Floor
Building Details
Year Built
Listing Agency:
Omni Properties
(978) 369-4884
Listed By:
Tom Caldarone · License MA #9045204
(978) 397-4227
Source:
Lockandkeyre
Added: Sep 14
Changed: Nov 8
Last Checked: Nov 8 at 6:58AM
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 Omni Properties
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Investment Insights
Based on property information with market context.
This 738-square-foot office unit occupies the first floor of a building constructed in 2000. The suite includes a large enclosed office with a window facing an oversized lobby and reception area, providing a defined workspace with visual connection to the common entry area.
The unit is located near the building’s main entrance at 3 Lan Dr, Unit 103, in Westford, Massachusetts. Its configuration is suited to professional office use, with the private enclosed room and adjacent reception setting forming the primary functional features of the space.
The unit is located near the building’s main entrance at 3 Lan Dr, Unit 103, in Westford, Massachusetts. Its configuration is suited to professional office use, with the private enclosed room and adjacent reception setting forming the primary functional features of the space.
Key Highlights
- 738 SF first‑floor office unit
- Large enclosed office with window exposure to the lobby
- Positioned near the building’s main entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,417
Suggested Prices Based on Cap Rates
Cap Rate 5%
$468,340
$468.3K
Cap Rate 7%
$334,529
$334.5K
Cap Rate 9%
$260,189
$260.2K
Market Conditions
NOI Build-Up for 738 SF
Gross rent
$40.0K $54.24/SF
− Vacancy
−$8.8K −$11.93/SF
EGI
$31.2K $42.31/SF
− OpEx
−$7.8K −$10.58/SF
NOI
$23.4K $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%
$468,340
Cap Rate 7%
$334,529
Cap Rate 9%
$260,189
Alternative Uses
Best Use
Office B
$334.5K
$292.7K – $390.3K
NOI $23,417 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$436.9K
$382.3K – $509.7K
NOI $30,583 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
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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
$689,400
Median Home Value
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Market
Average Price Trend$/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 - Ground-level office suite positioned by the building entrance with an enclosed office opening toward the reception area.
Where is this office unit located?
The property is located at 3 Lan Dr #103 Westford, MA.
What are key features of this property?
This property features: 738 SF first‑floor office unit; Large enclosed office with window exposure to the lobby; Positioned near the building’s main entrance
