Office Unit at Route
For Sale
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4 Lowell # 10, North Reading, MA 01864
Established commercial unit at the Route 28 and Route 62 intersection, with direct exposure to both routes.
Property Size800 SF
Price / SF$1.06
Days on Market166
Property Features for 4 Lowell # 10
General Information
Standard status
Active
Size
800 SF
Property subtype
Commercial
Zoning
HB
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$999,999
Building Details
Building Size
800 SF
Year Built
2000
Listing Agency:
Charlesgate Realty Group LLC
(978) 664-3000
Listed By:
John E. Magazzu · License #91287
(978) 815-6098
Source:
Churchillprop
Added: May 7
Changed: Oct 6
Last Checked: Oct 19 at 4:25AM
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 Charlesgate Realty Group LLC
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Investment Insights
Based on property information with market context.
This office unit is located at 4 Lowell Unit 10 in North Reading, Massachusetts. The property was built in 2000 and occupies a position at the intersection of Route 28 and Route 62, providing exposure to both routes. Its office-oriented configuration supports professional commercial use.
Key Highlights
- Office unit at the intersection of Route 28 and Route 62
- Property address: 4 Lowell Unit 10, North Reading, MA 01864
- Built in 2000
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,384
Suggested Prices Based on Cap Rates
Cap Rate 5%
$507,680
$507.7K
Cap Rate 7%
$362,629
$362.6K
Cap Rate 9%
$282,044
$282.0K
Market Conditions
NOI Build-Up for 800 SF
Gross rent
$43.4K $54.24/SF
− Vacancy
−$9.5K −$11.93/SF
EGI
$33.8K $42.31/SF
− OpEx
−$8.5K −$10.58/SF
NOI
$25.4K $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%
$507,680
Cap Rate 7%
$362,629
Cap Rate 9%
$282,044
Alternative Uses
Best Use
Office B
$362.6K
$317.3K – $423.1K
NOI $25,384 @ 7.0% cap · market cap 2,986.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$473.6K
$414.4K – $552.5K
NOI $33,152 @ 7.0% cap · market cap 3,900.24%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 01864, MA
15,554
Population
5,920
Households
2.6
Avg Household Size
43
Median Age
56%
College-Educated
97%
High-School Grad
13.2 sq mi
ZIP Area
1,178
Density / Sq Mi
$150,820
Median Household Income
$70,981
Median Earnings
$2,253
Median Rent
$680,000
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 - Established commercial unit at the Route 28 and Route 62 intersection, with direct exposure to both routes.
Where is this office unit located?
The property is located at 4 Lowell # 10 North Reading, MA.
What are key features of this property?
This property features: Office unit at the intersection of Route 28 and Route 62; Property address: 4 Lowell Unit 10, North Reading, MA 01864; Built in 2000
