Private Office
New
For Sale
Contact for pricing
320 Water St Unit 2, Fitchburg, MA 01420
A compact, private workspace suited to independent office use.
Property Size192 SF
Price / SF$3.65
Days on Market4
Property Features for 320 Water St Unit 2
General Information
Standard status
Active
Size
192 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: Oct 31
Last Checked: Oct 31 at 3:17AM
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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Investment Insights
Based on property information with market context.
This private office unit contains 192 square feet and is in a building constructed in 1979. The space is at 320 Water St, Unit 2, in Fitchburg, Massachusetts. The image has been digitally staged; furnishings and decorative items shown are not part of the space.
Key Highlights
- 192‑square‑foot private office
- Located at 320 Water St, Unit 2, Fitchburg, MA 01420
- Building constructed in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$3,499
Suggested Prices Based on Cap Rates
Cap Rate 5%
$69,980
$70.0K
Cap Rate 7%
$49,986
$50.0K
Cap Rate 9%
$38,878
$38.9K
Market Conditions
NOI Build-Up for 192 SF
Gross rent
$5.8K $30.00/SF
− Vacancy
−$1.1K −$5.70/SF
EGI
$4.7K $24.30/SF
− OpEx
−$1.2K −$6.08/SF
NOI
$3.5K $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%
$69,980
Cap Rate 7%
$49,986
Cap Rate 9%
$38,878
Alternative Uses
Best Use
Office B
$50.0K
$43.7K – $58.3K
NOI $3,499 @ 7.0% cap · market cap 499.86%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$65.6K
$57.4K – $76.5K
NOI $4,590 @ 7.0% cap · market cap 655.71%
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
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 - A compact, private workspace suited to independent office use.
Where is this office unit located?
The property is located at 320 Water St Unit 2 Fitchburg, MA.
What are key features of this property?
This property features: 192‑square‑foot private office; Located at 320 Water St, Unit 2, Fitchburg, MA 01420; Building constructed in 1979
