Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Auburn Office Building For Sale Title is generated by Realmo AI

    421 Washington St, Auburn, MA 01501

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    19,438 SF office building in Auburn, Massachusetts.

    Type:Office
    Property size:
    19,438 SF
    Price / SF:
    $126/SF
    Added:
    Nov 2, 2024
    Days on Market:
    581
    Last Refresh:
    May 12 at 10:35 pm

    Property Features for 421 Washington St

    General Information

    Standard status
    Active
    Size
    19,438 SF
    Property subtype
    Office

    Building Details

    Year Built
    1976

    We can help!

    Listing Contact
    David Burwick

    Listing agent David Burwick License #MA 9061441

    Listing office NAI Glickman Kovago & Jacobs

    Listing date Nov 2, 2024

    Source Crexi

    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 NAI Glickman Kovago & Jacobs

    HighLights

    • 10,600 SF available for lease or owner occupancy.
    • Strategically located in the thriving Auburn area.
    • Excellent highway access: 1 mile from Rt's 290/90/395 and 1 mile from Rt's 146/90.
    • Total property size of 19,438 SF.
    • Zoned GI, offering immense potential for a range of business ventures.
    • Opportunity for Office / Office Building investors.

    Overview

    This 19,438 square foot office building, constructed in 1976, is located in Auburn, Massachusetts. The property features three units, with 10,600 square feet available for lease or owner occupancy. Zoned GI, the property is suitable for a range of business ventures. The property is located on Washington Street, Route 20 in Auburn, Massachusetts, one mile from Routes 290, 90, and 395, and one mile from Routes 146 and 90.
    Property Profile Location Intelligence

    Current Use by Public Records

    Morning Star Bookstores 📚 (Bike/Boat/Book/etc) Store Sally Mc Dermott ... Training Center Repligen Industrial Manufacturer Patrick Motors Car Dealership Wood Pro Inc ... Building Supply

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Auburn
    County
    Worcester
    State
    Massachusetts
    Longitude
    -71.8231945
    Latitude
    42.1934703

    Nearby Similar for Sale

    • $950,000
      1,000 SF

      Retail Building on Southbridge Street

      Retail building for sale in a high-traffic location.
      718 Southbridge St, Auburn, MA 01501
      View Details
    • $1,290,000
      2,838 SF

      Auburn Warehouse and Furnished Office

      Operational warehouse and furnished office space for sale in Auburn.
      28 Appleton Rd, Auburn, MA 01501
      View Details
    • $1,290,000
      5,613 SF

      Furnished Office and Functional Warehouse

      Operational office and warehouse space for sale in Auburn.
      28 Appleton Rd, Auburn, MA, MA 01501
      View Details
    • $2,450,000
      19,438 SF

      Auburn Office Building Investment Opportunity

      19,438 SF Auburn property with leasing and owner-occupier potential.
      421 Washington St, Auburn, MA 01501
      View Details
    • Contact for pricing
      2,766 SF

      Burger King NNN Lease

      Net leased Burger King with 14 years remaining on lease.
      830 Southbridge St, Auburn, MA 01501
      View Details
    • $999,900
      3,560 SF

      New Auburn Duplex Townhomes

      New duplex featuring townhome-style units with modern amenities.
      17-19 Willis Street, Auburn, MA 01501
      View Details
    • $1,200,000

      Fully Leased Auburn Center Property

      Fully leased 6-unit commercial property in a high-visibility location.
      325 Southbridge St, Auburn, MA 01501
      View Details
    • Contact for pricing
      120,000 SF

      120,000 SF Auburn Property

      120,000 SF Auburn property ideal for retail or industrial use.
      440 Washington St | Auburn, MA 01501
      View Details
    • Contact for pricing
      20,000 SF

      Versatile Auburn Property on Rt 20

      120,000 SF property with prime location and easy highway access.
      440 Washington St, Auburn, MA 01501
      View Details
    • $2,250,000

      Burger King NNN Investment Opportunity

      Net leased Burger King with 14 years remaining on lease.
      830 Southbridge St, Auburn, MA 01501
      View Details

    FAQs

    What type of property is this?
    Office building - 19,438 SF office building in Auburn, Massachusetts.
    Where is this office building located?
    The property is located at 421 Washington St Auburn, MA.
    What is the asking price?
    The asking price for this property is $2,450,000.
    What are key features of this property?
    This property features: 10,600 SF available for lease or owner occupancy.; Strategically located in the thriving Auburn area.; Excellent highway access: 1 mile from Rt's 290/90/395 and 1 mile from Rt's 146/90.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    David Burwick
    Real Estate License ID: MA 9061441
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    421 Washington St, Auburn, MA 01501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!