Dental Practice Medical
For Sale
$1,674,867
60 Gardner St, Groveland, MA 01834
Dental practice facility in operation for over 25 years, totaling 3,589 square feet.
Property Size3,589 SF
Days on Market232
Property Features for 60 Gardner St
General Information
Standard status
Active
Size
3,589 SF
Property subtype
Commercial
Lease Term
±10 YRS
Net Operating Income
$125,615
Building Details
Building Size
3,589 SF
Year Built
1990
Listing Agency:
Matthews Real Estate Investment Services
Listed By:
Antonio Diona · License #02037030 (CA)
(818) 923-6366
Source:
Matthews
Added: Mar 3
Changed: Oct 2
Last Checked: Oct 20 at 5:03PM
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 Matthews Real Estate Investment Services
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Investment Insights
Based on property information with market context.
Groveland Family Dental Center is a dental practice medical office facility, currently operated for over 25 years. The practice is led by Dr. William Darke and supported by a team of experienced dental professionals, with services focused on advanced technologies, materials, and procedures.
The property is located at 60 Gardner St in Groveland, Massachusetts. It totals 3,589 square feet and is presented for sale with its established operating history.
For buyers and brokers evaluating a healthcare-occupied asset, this offering centers on a long-running, in-place dental practice with continuity of operations reflected in the provided remarks.
The property is located at 60 Gardner St in Groveland, Massachusetts. It totals 3,589 square feet and is presented for sale with its established operating history.
For buyers and brokers evaluating a healthcare-occupied asset, this offering centers on a long-running, in-place dental practice with continuity of operations reflected in the provided remarks.
Key Highlights
- Groveland Family Dental Center in operation for 25+ years
- Dental practice facility totaling 3,589 SF
- Established practice led by Dr. William Darke
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$100,036
Cap Rate
5.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,000,720
$2.0M
Cap Rate 7%
$1,429,086
$1.4M
Cap Rate 9%
$1,111,511
$1.1M
Market Conditions
NOI Build-Up for 3,589 SF
Gross rent
$163.7K $45.60/SF
− Vacancy
−$30.3K −$8.44/SF
EGI
$133.4K $37.16/SF
− OpEx
−$33.3K −$9.29/SF
NOI
$100.0K $27.87/SF
Area
Essex County, MA
Vacancy
18.50%
Lease Rate
$45.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,000,720
Cap Rate 7%
$1,429,086
Cap Rate 9%
$1,111,511
Alternative Uses
Best Use
Office B
$1.43M
$1.25M – $1.67M
NOI $100,036 @ 7.0% cap · market cap 5.97%
Second Best
Healthcare Medical
$945.8K
$827.6K – $1.10M
NOI $66,204 @ 7.0% cap · market cap 3.95%
Theoretical Best
Office A
$2.12M
$1.86M – $2.48M
NOI $148,727 @ 7.0% cap · market cap 8.88%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
231
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01834, MA
6,752
Population
2,756
Households
2.4
Avg Household Size
46
Median Age
46%
College-Educated
97%
High-School Grad
8.9 sq mi
ZIP Area
759
Density / Sq Mi
$135,521
Median Household Income
$79,521
Median Earnings
$1,815
Median Rent
$571,900
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
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Dental practice facility in operation for over 25 years, totaling 3,589 square feet.
Where is this medical office space located?
The property is located at 60 Gardner St Groveland, MA.
What is the asking price?
The asking price for this property is $1,674,867.
What are key features of this property?
This property features: Groveland Family Dental Center in operation for 25+ years; Dental practice facility totaling 3,589 SF; Established practice led by Dr. William Darke
