First-Floor Professional Office
For Sale
Contact for pricing
61 Lincoln St #108, Framingham, MA 01702
First-floor office condo near the main entrance with reception, three private offices, and a private half bath.
Property Size930 SF
Price / SF$3.12
Days on Market111
Property Features for 61 Lincoln St #108
General Information
Standard status
Active
Size
930 SF
Property subtype
Commercial
Amenities
atrium lobby
elevator access
card-access security
professional management
on-site parking
Building Details
Year Built
1917
Listing Agency:
Coldwell Banker Realty - Lexington
(781) 862-2600
Listed By:
Zuby Singh
(781) 860-9111
Source:
Lockandkeyre
Added: Jul 15
Changed: Nov 1
Last Checked: Nov 1 at 5:53AM
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 Coldwell Banker Realty - Lexington
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Investment Insights
Based on property information with market context.
This first-floor professional office condominium features a reception area with dual workstations, three private offices, and a private half bath. The space is designed for client and staff access near the main entrance and includes an atrium lobby, elevator access, and card-access security. Professional management and abundant on-site parking support daily operations.
The property is located in Framingham, approximately 0.6 miles from the Framingham Commuter Rail Station, with convenient access to Route 9 and Routes 126 and 135. It is adjacent to MetroWest Medical Center, and it benefits from proximity to downtown Framingham business and service amenities.
The unit’s layout provides a clear mix of welcoming front-of-house space and private offices for professional use, including legal, accounting, insurance, real estate, consulting, counseling, education, and nonprofit office functions.
The property is located in Framingham, approximately 0.6 miles from the Framingham Commuter Rail Station, with convenient access to Route 9 and Routes 126 and 135. It is adjacent to MetroWest Medical Center, and it benefits from proximity to downtown Framingham business and service amenities.
The unit’s layout provides a clear mix of welcoming front-of-house space and private offices for professional use, including legal, accounting, insurance, real estate, consulting, counseling, education, and nonprofit office functions.
Key Highlights
- 930± SF first‑floor professional office condo located near the main entrance in Framingham
- Just 0.6 miles from the Framingham Commuter Rail Station; minutes to Route 9 and Routes 126 & 135
- Flexible layout with a reception area (dual workstations), three private offices, and a private half bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,509
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,180
$590.2K
Cap Rate 7%
$421,557
$421.6K
Cap Rate 9%
$327,878
$327.9K
Market Conditions
NOI Build-Up for 930 SF
Gross rent
$50.4K $54.24/SF
− Vacancy
−$11.1K −$11.93/SF
EGI
$39.3K $42.31/SF
− OpEx
−$9.8K −$10.58/SF
NOI
$29.5K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,180
Cap Rate 7%
$421,557
Cap Rate 9%
$327,878
Alternative Uses
Best Use
Office B
$421.6K
$368.9K – $491.8K
NOI $29,509 @ 7.0% cap · market cap 1,017.55%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$550.6K
$481.7K – $642.3K
NOI $38,539 @ 7.0% cap · market cap 1,328.93%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,214
Businesses Nearby
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Business Placement
Demographics for 01702, MA
39,515
Population
15,303
Households
2.6
Avg Household Size
35
Median Age
39%
College-Educated
83%
High-School Grad
8.2 sq mi
ZIP Area
4,819
Density / Sq Mi
$78,784
Median Household Income
$41,792
Median Earnings
$1,822
Median Rent
$563,600
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 - First-floor office condo near the main entrance with reception, three private offices, and a private half bath.
Where is this office unit located?
The property is located at 61 Lincoln St #108 Framingham, MA.
What are key features of this property?
This property features: 930± SF first‑floor professional office condo located near the main entrance in Framingham; Just 0.6 miles from the Framingham Commuter Rail Station; minutes to Route 9 and Routes 126 & 135; Flexible layout with a reception area (dual workstations), three private offices, and a private half bath
