370 Main Street # 201B, Townsend, MA 01474

Building Details

Building Size 420 SF More

Year Built 1987 More

Listing Agency: Coldwell Banker Realty - Westford Show Phone

Listed By: Barry Brown · License #453500936 Show Phone

Source: Churchillprop

Added: Feb 27 Changed: Nov 3 Last Checked: Nov 8 at 3:21AM

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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 Coldwell Banker Realty - Westford

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Investment Insights

Based on property information with market context.

This second-floor office unit at 370 Main Street includes heat, air conditioning, and electric. The 1987 building contains a dentist office, hair salon, appraiser, attorney, and construction company office, creating a shared professional setting. On-site parking is available for occupants and visitors.

Multiple suite configurations are available within the building, allowing rentable office areas to be combined into larger units. The property is located in Townsend, Massachusetts, and is offered for sale.

Key Highlights

• Second‑floor office unit at 370 Main Street # 201B, Townsend, MA 01474
• Heat, air conditioning, and electric included
• Shared building with dentist, hair salon, appraiser, attorney, and construction offices

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$13,327

Suggested Prices Based on Cap Rates

Cap Rate 5%

$266,540 $266.5K

Cap Rate 7%

$190,386 $190.4K

Cap Rate 9%

$148,078 $148.1K

What to ask about pricing

Market Conditions

NOI Build-Up for 420 SF

Gross rent

$22.8K $54.24/SF

− Vacancy

−$5.0K −$11.93/SF

EGI

$17.8K $42.31/SF

− OpEx

−$4.4K −$10.58/SF

NOI

$13.3K $31.73/SF

Area

Middlesex County, MA

Vacancy

22.00%

Lease Rate

$54.24 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$266,540

Cap Rate 7%

$190,386

Cap Rate 9%

$148,078

Alternative Uses

Best Use

Office B

$190.4K

$166.6K – $222.1K (±1% cap)

NOI $13,327 @ 7.0% cap · market cap 1,567.88%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$248.6K

$217.6K – $290.1K (±1% cap)

NOI $17,405 @ 7.0% cap · market cap 2,047.65%

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

R J Holohan ... Plumbing Service Townsend Dental Group Dental Office Rauhala Gene A Law Firm Hair Studio West Hair Salon Cynthia R. Lane-Hand, ... Counselor

Suggested Use

Top Pick Big Box & Wholesale Store Restaurant Electrical Service Law Firm Plumbing Service Auto Parts 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.

Location Intelligence

Trade Area within ½ mile

66

Businesses Nearby

Explore this area Business Placement

Demographics for 01474, MA

2,072

Population

777

Households

2.7

Avg Household Size

44

Median Age

29%

College-Educated

97%

High-School Grad

11.1 sq mi

ZIP Area

187

Density / Sq Mi

$130,156

Median Household Income

$45,855

Median Earnings

$2,368

Median Rent

$427,600

Median Home Value

Market

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

$233 Jul

$146 Aug

$138 Sep

$143 Oct

Properties on Market for Office Units 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?

Office unit - Heat, air conditioning, and electric are included in this professionally occupied office building with on-site parking.

Where is this office unit located?

The property is located at 370 Main Street # 201B Townsend, MA.

What are key features of this property?

This property features: Second‑floor office unit at 370 Main Street # 201B, Townsend, MA 01474; Heat, air conditioning, and electric included; Shared building with dentist, hair salon, appraiser, attorney, and construction offices