Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    60 East St #1400 Methuen, MA 1844

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $379,000

    Medical office condo located on the Holy Family hospital campus.

    Type:Commercial
    Property size:
    1,932 SF
    Added:
    Jan 28, 2026
    Days on Market:
    62
    Last Refresh:
    Mar 26 at 1:36 am

    Property Features for 60 East St #1400

    General Information

    Standard status
    Active
    Size
    1,932 SF
    Property subtype
    Commercial

    Building Details

    Year Built
    1988

    We can help!

    Listing Contact
    Laurence Marocco

    Listing agent Laurence Marocco

    Listing office Minco Commercial

    Listing date Jan 28, 2026

    Source Corcoran

    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 Minco Commercial

    Overview

    Medical Office Condo For Sale

    This is a medical office condo unit situated on the Holy Family hospital campus. The property offers 1932 square feet of space and is suitable for commercial real estate purposes, including medical office space and general office use.
    Location Intelligence

    Current Use by Public Records

    Methuen Oral Surgery ... Dental Office Peter Rees, MD Physician Andrew Lim, MD Pediatrician Methuen Ob/Gyn Physician Dr. Bronie Gorelik, ... Pediatrician

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Pleasant Valley Animal Hospital: Mandeville Rebecca DVM — 21 Jackson St, Methuen, MA 01844
    • Pleasant Valley Animal Hospital: Burke Micheal DVM — 21 Jackson St, Methuen, MA 01844
    • New England PET Imaging System — 70 East St, Methuen, MA 01844

    Location Insight

    • Map
    • Local Demand
    City
    Methuen
    County
    Essex
    State
    Massachusetts
    Longitude
    -71.1664
    Latitude
    42.7266

    Nearby Similar for Sale

    • $599,900
      2,523 SF

      Medical Office Condominium For Sale

      Well-designed medical office condominium with functional layout, ideal for healthcare.
      380 Merrimack St #2C, Methuen, MA 01844
      View Details
    • $1,275,000
      4,000 SF

      Established Auto Shop with Parking

      Well-equipped auto shop with real estate and extra parking.
      8 Marshall St, Methuen, MA 01844
      View Details
    • $2,720,000
      9,399 SF

      Methuen Multifamily Investment Opportunity

      12-unit apartment building near I-93 with value-add potential.
      80 Lowell St, Methuen, MA 01844
      View Details
    • Contact for pricing
      3,060 SF

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru on 0.52 acres.
      547 S Broadway, Methuen, MA
      View Details
    • $1,275,000
      4,000 SF

      Established Auto Shop with Parking

      Well-maintained auto shop with parking and potential for expansion.
      8 Marshall St, Methuen, MA 01844
      View Details
    • Contact for pricing
      46,078 SF

      Methuen Office Property Investment Opportunity

      Prime office property in Methuen with 100% occupancy.
      100 Milk St, Methuen, MA 01844
      View Details
    • Contact for pricing
      52,700 SF

      52,700 SF Flex Building

      52,700 SF flex building on 6.9 acres for sale.
      Methuen, MA 01844
      View Details
    • $649,500

      High-Traffic Mixed-Use Building

      Mixed-use building in high-traffic location with rental apartment.
      149 Merrimack St, Methuen, MA 01844
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Medical office condo located on the Holy Family hospital campus.
    Where is this medical office space located?
    The property is located at 60 East St #1400 Methuen, MA.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: Medical Office condo unit; Located on the Holy Family hospital campus; Built in 1988
    (978) 687-6200
    We can help!
    Listing Contact
    Laurence Marocco
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!