Newly Renovated Office
For Sale
Contact for pricing
69 Main Street # 4, Leicester, MA 01524
Move-in-ready office space with 12+ private offices, multiple conference rooms, and on-site parking.
Property Size6,500 SF
Price / SF$0.00
Days on Market322
Property Features for 69 Main Street # 4
General Information
Standard status
Active
Size
6,500 SF
Property subtype
Commercial
Zoning
B
Lease Type
NNN
Amenities
conference rooms
on-site parking
Building Details
Year Built
2020
Listing Agency:
Lornell Real Estate
(860) 305-7432
Listed By:
Todd Lornell · License #0019788
(774) 230-3634
Source:
Churchillprop
Added: Dec 3, 2025
Changed: Oct 6
Last Checked: Oct 20 at 6:27PM
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 Lornell Real Estate
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Investment Insights
Based on property information with market context.
Newly renovated office suite at 69 Main Street, available for lease and offered as approximately 6,500 SF. The space includes 12+ private offices, multiple conference rooms, and a flexible layout that can be subdivided or expanded to fit different space needs.
The suite is located just over the Worcester city line in Leicester and includes on-site parking for visitors and staff.
The interior has been recently renovated with a modern, professional build-out intended for day-to-day workplace use.
The suite is located just over the Worcester city line in Leicester and includes on-site parking for visitors and staff.
The interior has been recently renovated with a modern, professional build-out intended for day-to-day workplace use.
Key Highlights
- Approximately 6,500 SF of newly renovated office space available for lease at 69 Main Street in Leicester
- Built in 2020 with move‑in‑ready finishes for office users
- Includes 12+ private offices plus multiple conference rooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,463
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,369,260
$2.4M
Cap Rate 7%
$1,692,329
$1.7M
Cap Rate 9%
$1,316,256
$1.3M
Market Conditions
NOI Build-Up for 6,500 SF
Gross rent
$195.0K $30.00/SF
− Vacancy
−$37.1K −$5.70/SF
EGI
$158.0K $24.30/SF
− OpEx
−$39.5K −$6.08/SF
NOI
$118.5K $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%
$2,369,260
Cap Rate 7%
$1,692,329
Cap Rate 9%
$1,316,256
Alternative Uses
Best Use
Office B
$1.69M
$1.48M – $1.97M
NOI $118,463 @ 7.0% cap · market cap 789,753.33%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.22M
$1.94M – $2.59M
NOI $155,376 @ 7.0% cap · market cap 1,035,840.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
134
Businesses Nearby
Explore this area
Business Placement
Demographics for 01524, MA
6,621
Population
2,448
Households
2.7
Avg Household Size
43
Median Age
31%
College-Educated
91%
High-School Grad
15.9 sq mi
ZIP Area
416
Density / Sq Mi
$93,191
Median Household Income
$52,881
Median Earnings
$1,055
Median Rent
$390,800
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
Frequently Asked Questions
What type of property is this?
Office unit - Move-in-ready office space with 12+ private offices, multiple conference rooms, and on-site parking.
Where is this office unit located?
The property is located at 69 Main Street # 4 Leicester, MA.
What are key features of this property?
This property features: Approximately 6,500 SF of newly renovated office space available for lease at 69 Main Street in Leicester; Built in 2020 with move‑in‑ready finishes for office users; Includes 12+ private offices plus multiple conference rooms
