Back to Search

Renovated Office Building in Wakefield

45 Albion St, Wakefield, MA 01880

View on Map

For Sale

$1,695,000

Turn-key office building with recent renovations and expansion.

Type:Commercial

Property size:

2,700 SF

Price / SF:

$627/SF

HighLights

Completely renovated in 2024 with new 2nd floor addition.
Prime location in Wakefield Business District, close to downtown and commuter rail.
Move‑in ready condition with new Hardie board siding, PVC trim, windows, roof, Trex decking, plumbing, wiring, mini splits, and LifeProof vinyl floors.
Off‑street parking for 10/11 cars.
Versatile space suitable for single or multi‑tenant use.
Executive corner office with private lav and 22‑foot open‑air porch.

We can help!

Listing Contact

Christopher Barrett

Learn more

For Sale

$1,695,000

Turn-key office building with recent renovations and expansion.

Type:Commercial

Property size:

2,700 SF

Price / SF:

$627/SF

Added:: Apr 23, 2026
Days on Market:: 50
Last Refresh:: Apr 23 at 10:35 am

Property Features for 45 Albion St

General Information

Standard status: Active
Size: 2,700 SF
Property subtype: Commercial

Building Details

Year Built: 1900

We can help!

Listing Contact

Christopher Barrett

Listing agent Christopher Barrett License #9533397

Listing office Barrett, Chris. J., REALTORSÂ

Listing date Apr 23, 2026

Source Alliancepartnersre

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 Barrett, Chris. J., REALTORSÂ

HighLights

Completely renovated in 2024 with new 2nd floor addition.
Prime location in Wakefield Business District, close to downtown and commuter rail.
Move‑in ready condition with new Hardie board siding, PVC trim, windows, roof, Trex decking, plumbing, wiring, mini splits, and LifeProof vinyl floors.
Off‑street parking for 10/11 cars.
Versatile space suitable for single or multi‑tenant use.
Executive corner office with private lav and 22‑foot open‑air porch.

Overview

Located in the Albion St., Wakefield Business district, this office building offers close proximity to downtown and commuter rail. The property has been completely renovated, including a new 2nd-floor addition in 2024. Exterior features include new Hardie board siding, PVC trim, windows, roof, and Trex decking. Interior upgrades consist of new plumbing, wiring, mini splits, life-proof vinyl floors, and motion-controlled security lighting. The 1,500 square-foot first floor features a two-story open-concept entry foyer with a winding staircase, a reception area, five offices, and two lavatories, one with exclusive office access. The 1,200 square-foot second floor includes four offices, two lavatories including one executive corner office with a private lavatory, and a 22-foot open-air porch. The finished lower level contains a 25x14 conference room/kitchenette, an office, and a utility room. An outside employee patio and seating area are also available. The building is suited for a single-use tenant but could be adapted for multi-tenant use. Off-street parking is available for 10 or 11 cars.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$146.4k	$54.24
− Vacancy	−$32.2k	−$11.93
EGI	$114.2k	$42.31
− OpEx	−$28.6k	−$10.58
NOI	$85.7k	$31.73

2,700 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.22M

$1.07M – $1.43M (±1% cap)

NOI $85,672 @ 7.0% cap · market cap 5.05%

Second Best

—

no second resolved use

Theoretical Best

Office A

$1.60M

$1.40M – $1.86M (±1% cap)

NOI $111,887 @ 7.0% cap · market cap 6.60%

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

Location Intelligence

Current Use by Public Records

Best Home Care Home Health Care Service

Suggested Use

Location Insight

Map
Local Demand

City: Wakefield
County: Middlesex
State: Massachusetts
Longitude: -71.0724282
Latitude: 42.5032407

Nearby Similar for Sale

$799,000

1,942 SF

Two-Family Residential Income Property

Two separate units with hardwood floors and high ceilings, offering flexible living or rental layouts in Wakefield.

293 Albion St, Wakefield, MA 01880

View Details
$1,695,000

2,700 SF

Renovated Wakefield Office Building

Turnkey office building in Wakefield business district, renovated in 2024.

45 Albion St, Wakefield, MA, MA 01880

View Details
$989,000

Two-Family Home Near Lake Quannapowitt

Two-family home near Lake Quannapowitt with expansion potential.

57 Wave Ave, Wakefield, MA 01880

View Details
$1,000,000

Wakefield Four-Family Home

Well-maintained four-family home in convenient Wakefield location.

43-45 Crescent St, Wakefield, MA 01880

View Details
$199,900

Wakefield Office Condo For Sale

Rare office condo in pristine condition, ideal Wakefield location.

384 Lowell St 205 & 205B, Wakefield, MA 01880

View Details
$989,000

2,433 SF

Two-Family Home Near Lake Quannapowitt

Two-unit property with yard, near Lake Quannapowitt.

57 Wave Avenue, Wakefield, MA 01880

View Details
$1,499,000

1,500 SF

Turn-Key Renovated Office Building

Renovated office building with multiple suites, finished lower level, and off-street parking for 10–11 cars.

45 Albion St, Wakefield, MA 01880

View Details
$849,000

1,942 SF

Two-Family Home in Wakefield

Value-add two-family home in Wakefield's desirable West Side.

293 Albion St, Wakefield, MA 01880

View Details
$199,900

Wakefield Office Condo For Sale

Rare Wakefield office condo near I-95/Rt128 and I-93.

384 Lowell Street #205 & 205B, Wakefield, MA 01880

View Details
$199,900

Wakefield Office Condo For Sale

Rare office condo in pristine condition near major routes.

384 Lowell Street, Unit 205 & 205B, Wakefield, MA 01880

View Details
Contact for pricing
18,500 SF

Wakefield Mixed-Use Value-Add Opportunity

Mixed-use property in Wakefield center with value-add potential.

401-411 Main Street, Wakefield , MA 01880

View Details
Contact for pricing

Wakefield Redevelopment Opportunity

Property being redeveloped into approximately 90 assisted living units.

338 Main Street, Wakefield, MA 01880

View Details

For sale
Office buildings
MA
Wakefield
01880
45 Albion St

What type of property is this?

Office building - Turn-key office building with recent renovations and expansion.

Where is this office building located?

The property is located at 45 Albion St Wakefield, MA.

What is the asking price?

The asking price for this property is $1,695,000.

What are key features of this property?

This property features: Completely renovated in 2024 with new 2nd floor addition.; Prime location in Wakefield Business District, close to downtown and commuter rail.; Move‑in ready condition with **new Hardie board siding, PVC trim, windows, roof, Trex decking, plumbing, wiring, mini splits, and LifeProof vinyl floors.**