Private Office
New
For Sale
Contact for pricing
320 Water St Unit 3, Fitchburg, MA 01420
Heat and electricity are included, simplifying occupancy costs for this individual workspace.
Property Size192 SF
Price / SF$3.65
Days on Market4
Property Features for 320 Water St Unit 3
General Information
Standard status
Active
Size
192 SF
Property subtype
Commercial
Additional Details
Furnished
No
Utilities to Site
Yes
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 30
Last Checked: Oct 30 at 3:22PM
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 3 is a 192-square-foot private office at 320 Water Street in Fitchburg. The building dates to 1979, and heat and electricity are included in the rent. Furnishings and décor shown in the virtually staged photo are not part of the offering.
Key Highlights
- 192‑square‑foot private office
- Heat and electricity included in the rent
- Located at 320 Water Street, Unit 3, Fitchburg
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
950
Businesses Nearby
Explore this area
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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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 unit - Heat and electricity are included, simplifying occupancy costs for this individual workspace.
Where is this office unit located?
The property is located at 320 Water St Unit 3 Fitchburg, MA.
What are key features of this property?
This property features: 192‑square‑foot private office; Heat and electricity included in the rent; Located at 320 Water Street, Unit 3, Fitchburg
