3 Woodland Rd #411, Stoneham, MA 02180

Building Details

Year Built 1988 More

Listing Agency: Blink Realty Group, LLC

Listed By: Rebecca Riopelle Show Phone

Source: Lockandkeyre

Added: Nov 7 Changed: Nov 10 Last Checked: Nov 10 at 2:21PM

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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 Blink Realty Group, LLC

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Investment Insights

Based on property information with market context.

This 1,333-square-foot office suite occupies the building’s top floor and was built in 1988. Its layout includes four exam rooms, each with a sink, plus a conference room or manager’s office with an adjoining quarter bath. The oversized reception area accommodates three workstations and has built-in storage; a separate waiting area seats approximately nine. A kitchenette, an ADA-accessible quarter bath, and two storage closets complete the space. The building is professionally managed, and the property is no longer limited to medical use.

The suite faces Spot Pond, with large picture windows on its east and south sides. An MBTA 99 bus stop serves the site, and common parking is available. I-93 provides access toward Boston, with Winchester and Melrose also noted nearby.

Key Highlights

• 1,333‑square‑foot top‑floor office suite
• Four exam rooms, each equipped with a sink
• Conference room or manager’s office with adjoining quarter bath

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$38,693

Suggested Prices Based on Cap Rates

Cap Rate 5%

$773,860 $773.9K

Cap Rate 7%

$552,757 $552.8K

Cap Rate 9%

$429,922 $429.9K

What to ask about pricing

Market Conditions

NOI Build-Up for 1,333 SF

Gross rent

$72.6K $54.48/SF

− Vacancy

−$8.1K −$6.10/SF

EGI

$64.5K $48.38/SF

− OpEx

−$25.8K −$19.35/SF

NOI

$38.7K $29.03/SF

Area

Middlesex County, MA

Vacancy

11.20%

Lease Rate

$54.48 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$773,860

Cap Rate 7%

$552,757

Cap Rate 9%

$429,922

Alternative Uses

Best Use

Office B

$604.2K

$528.7K – $705.0K (±1% cap)

NOI $42,297 @ 7.0% cap

Second Best

Healthcare Medical

$552.8K

$483.7K – $644.9K (±1% cap)

NOI $38,693 @ 7.0% cap

Theoretical Best

Office A

$789.1K

$690.5K – $920.7K (±1% cap)

NOI $55,239 @ 7.0% cap

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

Medical Office Space

Suggested Use

Top Pick Real Estate Agency Restaurant Building Supply Law Firm Dental Office Big Box & Wholesale 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.

Lease Details

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

211

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 02180, MA

23,244

Population

9,832

Households

2.4

Avg Household Size

44

Median Age

54%

College-Educated

96%

High-School Grad

6.0 sq mi

ZIP Area

3,874

Density / Sq Mi

$112,635

Median Household Income

$71,709

Median Earnings

$1,878

Median Rent

$629,000

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Middlesex County, MA

$269 Jul

$241 Aug

$218 Sep

$263 Oct

Properties on Market for Medical Office Space in Middlesex County

Jul

Aug

Sep

Oct

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

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Frequently Asked Questions

What type of property is this?

Medical Office Space - A flexible professional suite includes multiple private rooms, shared meeting space, reception areas, and a kitchenette.

Where is this medical office space located?

The property is located at 3 Woodland Rd #411 Stoneham, MA.

What are key features of this property?

This property features: 1,333‑square‑foot top‑floor office suite; Four exam rooms, each equipped with a sink; Conference room or manager’s office with adjoining quarter bath