Live-Work Property with Two-Story
38 Woodland Road Georgetown, MA 01833
38 Woodland Road, Georgetown, MA, 01833
$849,900
For Sale
$849,900
Live-work setup with a 30' x 40' two-story workshop featuring 14' ceilings, a 11' x 10' garage door, and 3-phase power.
Property Size2,446 SF
Lot Size1.00 Acre
Price / SF$347.47
Days on Market64
Property Features for 38 Woodland Road
General Information
- Standard status
- Active
- Size
- 2,446 SF
- Lot size
- 1.00 Acre
- Property subtype
- Commercial
Building Details
- Year Built
- 1950
Listing agency
Classified Realty Group
(978) 766-7163
Listed by
Laurie Cappuccio
(978) 766-7163
Source
Alliancepartnersre
Added: May 19 Updated: Jul 20 at 8:06PM Checked: Jul 20 at 8:06PM
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
Investment Insights
Based on property information with market context.
This live-work property combines a raised ranch residence with a dedicated, high-function workshop. The home includes an open-concept kitchen with custom cabinetry, a fireplace-equipped living room with built-ins, and a designer bath with a custom double vanity and oversized tiled walk-in shower. A sunroom overlooks an outdoor kitchen, and the lower level offers flexible office or workshop space with a private entrance. A 2-car garage supports the residence, while the workshop is a standout feature with younger construction, 14' ceilings, and an 11' x 10' garage door.
The two-story workshop measures 30' x 40' and includes separate heat and 3-phase industrial power for work and business operations. Additional features noted include gas heat/on-demand hot water and an abundance of parking on just over an acre, supporting contractor and light industrial use where appropriate.
The offering presents turnkey versatility for a single-setting live-and-work arrangement, with dedicated work space and independent access to the lower-level office or workshop area.
The two-story workshop measures 30' x 40' and includes separate heat and 3-phase industrial power for work and business operations. Additional features noted include gas heat/on-demand hot water and an abundance of parking on just over an acre, supporting contractor and light industrial use where appropriate.
The offering presents turnkey versatility for a single-setting live-and-work arrangement, with dedicated work space and independent access to the lower-level office or workshop area.
Key Highlights
- Live‑work property with total 4,246 SF and a raised ranch built in 1950
- 30' x 40' two‑story workshop with 14' ceilings, an 11' x 10' garage door, separate heat, and 3‑phase industrial power
- Lower level offers a flexible office or workshop with a private entrance
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $111.5k | $45.60 |
| − Vacancy | −$20.6k | −$8.44 |
| EGI | $90.9k | $37.16 |
| − OpEx | −$22.7k | −$9.29 |
| NOI | $68.2k | $27.87 |
2,446 SF · lease $45.60/SF/yr · vacancy 18.50% · expense 25.00%
Alternative Uses
Best Use
Office B
$974.0K
$852.2K – $1.14M
NOI $68,177 @ 7.0% cap · market cap 8.02%
Second Best
Mixed Use
$707.6K
$619.2K – $825.5K
NOI $49,532 @ 7.0% cap · market cap 5.83%
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,362 @ 7.0% cap · market cap 11.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Live-work space
Similar For Sale Nearby
FAQs
What type of property is this?
Live-work space - Live-work setup with a 30' x 40' two-story workshop featuring 14' ceilings, a 11' x 10' garage door, and 3-phase power.
Where is this live-work space located?
The property is located at 38 Woodland Road Georgetown, MA.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Live‑work property with total 4,246 SF and a raised ranch built in 1950; 30' x 40' two‑story workshop with 14' ceilings, an 11' x 10' garage door, separate heat, and 3‑phase industrial power; Lower level offers a flexible office or workshop with a private entrance
