Professional Office
For Sale
$1,595,000
3 Oak St, Westborough, MA 01581
Well-maintained office building on Route 9 offering flexible space for professional and medical-related uses.
Property Size4,240 SF
Days on Market110
Property Features for 3 Oak St
General Information
Standard status
Active
Size
4,240 SF
Class
B
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Building Size
4,240 SF
Year Built
2000
Listing Agency:
Kelleher & Sadowsky Associates Inc
Listed By:
Joe Laursen · License #9571029
(508) 353-9275
Source:
Kelleher-sadowsky
Added: Jul 8
Changed: Oct 21
Last Checked: Oct 24 at 2:27PM
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 Kelleher & Sadowsky Associates Inc
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Investment Insights
Based on property information with market context.
3 Oak Street is a well-maintained professional office building offering a clean, professional environment and flexible office space suitable for a variety of businesses, including financial services, attorneys, and medical uses.
The property is located along Route 9 and is described as having convenient access to major highways, local amenities, and the downtown area.
This offering is for sale and is positioned for an organization seeking an established office location within a desirable MetroWest community.
The property is located along Route 9 and is described as having convenient access to major highways, local amenities, and the downtown area.
This offering is for sale and is positioned for an organization seeking an established office location within a desirable MetroWest community.
Key Highlights
- Well‑maintained professional office building built in 2000
- Located along Route 9
- Flexible office space suitable for professional and medical‑related uses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$77,274
Cap Rate
4.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,545,480
$1.5M
Cap Rate 7%
$1,103,914
$1.1M
Cap Rate 9%
$858,600
$858.6K
Market Conditions
NOI Build-Up for 4,240 SF
Gross rent
$127.2K $30.00/SF
− Vacancy
−$24.2K −$5.70/SF
EGI
$103.0K $24.30/SF
− OpEx
−$25.8K −$6.08/SF
NOI
$77.3K $18.23/SF
Area
Worcester County, MA
Vacancy
19.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,545,480
Cap Rate 7%
$1,103,914
Cap Rate 9%
$858,600
Alternative Uses
Best Use
Office B
$1.10M
$965.9K – $1.29M
NOI $77,274 @ 7.0% cap · market cap 4.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,353 @ 7.0% cap · market cap 6.35%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
887
Businesses Nearby
Explore this area
Business Placement
Demographics for 01581, MA
21,567
Population
8,407
Households
2.6
Avg Household Size
39
Median Age
66%
College-Educated
96%
High-School Grad
20.6 sq mi
ZIP Area
1,047
Density / Sq Mi
$134,474
Median Household Income
$82,045
Median Earnings
$2,038
Median Rent
$637,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained office building on Route 9 offering flexible space for professional and medical-related uses.
Where is this office building located?
The property is located at 3 Oak St Westborough, MA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Well‑maintained professional office building built in 2000; Located along Route 9; Flexible office space suitable for professional and medical‑related uses
