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    7 Elm St #D Townsend, MA 1469

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    For Lease
    $2,500 /Mo

    Flexible retail and commercial spaces with multiple leasing configurations.

    Property size:
    1,000 SF
    Added:
    Apr 22, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 22 at 12:06 pm

    Property Features for 7 Elm St #D

    General Information

    Standard status
    Active
    Size
    1,000 SF

    Building Details

    Year Built
    1880

    We can help!

    Listing Contact
    Blood Team

    Listing agent Blood Team

    Listing office Keller Williams Realty - Merrimack

    Listing date Apr 22, 2026

    Source Liongatere

    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 Keller Williams Realty - Merrimack

    Overview

    Versatile Commercial Space For Lease

    This property offers flexible retail and commercial spaces with multiple leasing configurations to fit various business needs. Leasing options include the entire space or individual units, with the possibility of combining select areas. The property is suitable for offices, salons, dance or fitness studios, and other commercial uses. Heat, hot water, electric, and sewer services are included, and ample on-site parking is available. All units have access to a spacious lobby, a reception-style office, and a bathroom. Available spaces include Unit A, which is nearly 1,000 square feet and was previously used as a dance studio, featuring abundant natural light and lobby-side viewing windows. Unit B offers approximately 450 square feet with a bay window and interior viewing window, with the option to combine it with the kitchenette (Unit B1). Unit C features private office space with two entrances, a bathroom, and a file room, and can be combined with the kitchenette (Unit C1). Unit D, the entire upper level, includes multiple studios, offices, a kitchenette, bathrooms, laundry hookups, and separate access. Layout options and availability can be explored upon inquiry.
    Location Intelligence

    Current Use by Public Records

    Ice Cream Factory Grocery & Convenience Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Townsend
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.7410517
    Latitude
    42.676472

    Nearby Similar for Lease

    • $800/Mo

      Versatile Commercial Space in Townsend

      Flexible retail/office spaces with utilities included and ample parking.
      7 Elm St unit: B, Townsend, MA 01469
      View Details
    • $2,500/Mo

      Versatile Commercial Space in Townsend

      Flexible retail/office spaces with utilities included and ample parking.
      7 Elm St unit: D, Townsend, MA 01469
      View Details
    • $1,500/Mo

      Flexible Retail & Commercial Space

      Multiple leasing configurations available to fit various business needs.
      7 Elm St unit: A, Townsend, MA 01469
      View Details
    • $575/Mo

      Second Floor Office Space Available

      320 SF office space with included utilities for rent.
      370 Main Street #202A, Townsend, MA 01474
      View Details
    • $1,750/Mo

      Townsend Retail Space For Rent

      Retail spaces available in Townsend's Central Plaza near Route 119.
      222 Main, Townsend, MA 01469
      View Details
    • $1,200/Mo

      Functional Office Space Available

      1500 SF office space suitable for various business needs.
      241 Main St L, Townsend, MA 01469
      View Details

    FAQs

    What type of property is this?
    Retail space - Flexible retail and commercial spaces with multiple leasing configurations.
    Where is this retail space located?
    The property is located at 7 Elm St #D Townsend, MA.
    What is the lease rate?
    The lease rate is $2,500 /Mo.
    What are key features of this property?
    This property features: Flexible leasing configurations: Lease the entire space or individual units, with options to combine select areas.; Heat, hot water, electric, and sewer included in lease.; Ample on‑site parking.
    (978) 433-8800
    We can help!
    Listing Contact
    Blood Team
    Learn More
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    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
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