Compact Office
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For Sale
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320 Water St #4, Fitchburg, MA 01420
Heat and electricity are included in the rental terms for this dedicated workspace.
Property Size144 SF
Price / SF$4.86
Days on Market4
Property Features for 320 Water St #4
General Information
Standard status
Active
Size
144 SF
Property subtype
Commercial
Additional Details
Furnished
No
Property Use
Office
Building Details
Year Built
1979
Listing Agency:
Morin Real Estate
(978) 297-0961
Listed By:
Darlene Rossi · License #454502187
(978) 895-3770
Source:
Lockandkeyre
Added: Oct 29
Changed: Nov 1
Last Checked: Nov 1 at 3:27PM
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 Morin Real Estate
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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.
Unit 4 at 320 Water St. provides 144 square feet of office space. The building dates to 1979, and heat and electricity are included in the rent. The space is presented as suitable for professional services, administration, consulting, or a small business workspace.
The property is at 320 Water St. in Fitchburg, Massachusetts. The listing image has been digitally staged; furniture, artwork, and decorative items are not part of the offering.
The property is at 320 Water St. in Fitchburg, Massachusetts. The listing image has been digitally staged; furniture, artwork, and decorative items are not part of the offering.
Key Highlights
- 144‑square‑foot office unit
- Heat and electricity included in rent
- Building constructed in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,624
Suggested Prices Based on Cap Rates
Cap Rate 5%
$52,480
$52.5K
Cap Rate 7%
$37,486
$37.5K
Cap Rate 9%
$29,156
$29.2K
Market Conditions
NOI Build-Up for 144 SF
Gross rent
$4.3K $30.00/SF
− Vacancy
−$821 −$5.70/SF
EGI
$3.5K $24.30/SF
− OpEx
−$875 −$6.08/SF
NOI
$2.6K $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%
$52,480
Cap Rate 7%
$37,486
Cap Rate 9%
$29,156
Alternative Uses
Best Use
Office B
$37.5K
$32.8K – $43.7K
NOI $2,624 @ 7.0% cap · market cap 374.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$49.2K
$43.0K – $57.4K
NOI $3,442 @ 7.0% cap · market cap 491.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
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Business Placement
Demographics for 01420, MA
41,940
Population
17,998
Households
2.3
Avg Household Size
37
Median Age
24%
College-Educated
87%
High-School Grad
30.1 sq mi
ZIP Area
1,393
Density / Sq Mi
$70,334
Median Household Income
$41,753
Median Earnings
$1,131
Median Rent
$294,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Heat and electricity are included in the rental terms for this dedicated workspace.
Where is this office unit located?
The property is located at 320 Water St #4 Fitchburg, MA.
What are key features of this property?
This property features: 144‑square‑foot office unit; Heat and electricity included in rent; Building constructed in 1979
