Office Suite in Commercial
New
For Sale
Contact for pricing
486 Chestnut St Unit 9, Gardner, MA 01440
A shared client waiting area, on-site parking, and included heat and electricity support day-to-day office operations.
Property Size325 SF
Price / SF$2.31
Days on Market4
Property Features for 486 Chestnut St Unit 9
General Information
Standard status
Active
Size
325 SF
Property subtype
Commercial
Space & Availability
Condition
Built-Out
Furnished
No
Additional Details
Utilities to Site
Yes
Property Use
Office
Amenities
common waiting area
onsite parking
accessible building accommodations
coffee shop
Building Details
Year Built
1907
Tenancy
Multi
Listing Agency:
Morin Real Estate
(978) 297-0961
Listed By:
Darlene Rossi · License #454502187
(978) 895-3770
Source:
Lockandkeyre
Added: Oct 29
Changed: Oct 30
Last Checked: Oct 30 at 2:50PM
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 Morin Real Estate
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Investment Insights
Based on property information with market context.
This 325-square-foot office suite is located in an established commercial building constructed in 1907. Interior finishes include wood-look flooring, neutral tones, and overhead lighting. The property also provides a common waiting area, accessible building accommodations, on-site parking, and a coffee shop on the ground floor. Heat and electricity are included, and the suite is available January 1, 2027.
The building is approximately one-half mile from Route 2 and is situated at 486 Chestnut St in Gardner, Massachusetts.
The building is approximately one-half mile from Route 2 and is situated at 486 Chestnut St in Gardner, Massachusetts.
Key Highlights
- 325‑square‑foot office suite
- Built in 1907
- Common waiting area and accessible building accommodations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,923
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,460
$118.5K
Cap Rate 7%
$84,614
$84.6K
Cap Rate 9%
$65,811
$65.8K
Market Conditions
NOI Build-Up for 325 SF
Gross rent
$9.8K $30.00/SF
− Vacancy
−$1.9K −$5.70/SF
EGI
$7.9K $24.30/SF
− OpEx
−$2.0K −$6.08/SF
NOI
$5.9K $18.23/SF
Area
Worcester County, MA
Vacancy
19.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$118,460
Cap Rate 7%
$84,614
Cap Rate 9%
$65,811
Alternative Uses
Best Use
Office B
$84.6K
$74.0K – $98.7K
NOI $5,923 @ 7.0% cap · market cap 789.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$111.0K
$97.1K – $129.5K
NOI $7,769 @ 7.0% cap · market cap 1,035.87%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
615
Businesses Nearby
Explore this area
Business Placement
Demographics for 01440, MA
21,577
Population
9,600
Households
2.2
Avg Household Size
42
Median Age
23%
College-Educated
88%
High-School Grad
24.5 sq mi
ZIP Area
881
Density / Sq Mi
$63,526
Median Household Income
$43,737
Median Earnings
$1,071
Median Rent
$270,500
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A shared client waiting area, on-site parking, and included heat and electricity support day-to-day office operations.
Where is this office unit located?
The property is located at 486 Chestnut St Unit 9 Gardner, MA.
What are key features of this property?
This property features: 325‑square‑foot office suite; Built in 1907; Common waiting area and accessible building accommodations
