Downtown Office Suite with
36 Woburn St #LL5, Reading, MA 01867
For Sale
Contact for pricing
Lower-level office suite with a private waiting room, reception area, multiple offices, and client parking.
Property Size564 SF
Price / SF$1.95
Days on Market54
Property Features for 36 Woburn St #LL5
General Information
Standard status
Size
Total Parking Spaces
Property Condition
Severity
Evidence
Additional Details
Floor
Public Transit
Amenities
common lounge
Building Details
Year Built
Listing Agency:
Classified Realty Group
(781) 944-1901
Listed By:
Chad Erenhouse
(203) 394-7608
Source:
Lockandkeyre
Added: Sep 17
Changed: Nov 8
Last Checked: Nov 8 at 6:34AM
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 Classified Realty Group
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Investment Insights
Based on property information with market context.
This 564 SF lower-level office suite at 36 Woburn St Unit LL5 includes five rooms arranged around a private waiting room, large reception and administrative area, two office rooms, and a private bathroom. The building, constructed in 1910, also provides access to a first-floor common lounge and multiple restrooms throughout the property. Heating and cooling are included under the lease terms described for the suite.
The property sits at the corner of Woburn St and Sanborn St in Downtown Reading Center. Client access is supported by a private 20-spot parking lot, on-street parking, and a commuter rail station located a few blocks away. The suite is identified as suitable for professional, medical, and wellness uses, with prior and current occupants including medical, therapeutic, accounting, legal, administrative, and marketing businesses.
The property sits at the corner of Woburn St and Sanborn St in Downtown Reading Center. Client access is supported by a private 20-spot parking lot, on-street parking, and a commuter rail station located a few blocks away. The suite is identified as suitable for professional, medical, and wellness uses, with prior and current occupants including medical, therapeutic, accounting, legal, administrative, and marketing businesses.
Key Highlights
- 564 SF lower‑level office suite with five rooms
- Private waiting room, reception/admin area, two offices, and private bathroom
- Private 20‑spot parking lot plus on‑street parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,371
Suggested Prices Based on Cap Rates
Cap Rate 5%
$327,420
$327.4K
Cap Rate 7%
$233,871
$233.9K
Cap Rate 9%
$181,900
$181.9K
Market Conditions
NOI Build-Up for 564 SF
Gross rent
$30.7K $54.48/SF
− Vacancy
−$3.4K −$6.10/SF
EGI
$27.3K $48.38/SF
− OpEx
−$10.9K −$19.35/SF
NOI
$16.4K $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%
$327,420
Cap Rate 7%
$233,871
Cap Rate 9%
$181,900
Alternative Uses
Best Use
Office B
$255.7K
$223.7K – $298.3K
NOI $17,896 @ 7.0% cap · market cap 1,626.91%
Second Best
Healthcare Medical
$233.9K
$204.6K – $272.9K
NOI $16,371 @ 7.0% cap · market cap 1,488.27%
Theoretical Best
Office A
$333.9K
$292.2K – $389.5K
NOI $23,372 @ 7.0% cap · market cap 2,124.73%
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
1,055
Businesses Nearby
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Business Placement
Demographics for 01867, MA
25,522
Population
9,895
Households
2.6
Avg Household Size
43
Median Age
65%
College-Educated
96%
High-School Grad
10.0 sq mi
ZIP Area
2,552
Density / Sq Mi
$163,407
Median Household Income
$85,600
Median Earnings
$1,722
Median Rent
$741,100
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Middlesex County, MA
Properties on Market for Office Units in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Lower-level office suite with a private waiting room, reception area, multiple offices, and client parking.
Where is this office unit located?
The property is located at 36 Woburn St #LL5 Reading, MA.
What are key features of this property?
This property features: 564 SF lower‑level office suite with five rooms; Private waiting room, reception/admin area, two offices, and private bathroom; Private 20‑spot parking lot plus on‑street parking
