Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Wayside Square Office Space Title is generated by Realmo AI

    801 Main St, Concord, MA 01742

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    First-floor office condo in Concord available for sale or lease.

    Type:Office, Retail
    Property size:
    1,489 SF
    Price / SF:
    $214/SF
    Added:
    Feb 16, 2024
    Days on Market:
    839
    Last Refresh:
    May 12 at 8:59 pm

    Property Features for 801 Main St

    General Information

    Standard status
    Active
    Size
    1,489 SF
    Property subtype
    Office, Retail

    We can help!

    Listing Contact
    Keith Gurtler

    Listing agent Keith Gurtler License #9012015

    Listing office O'Brien Commercial Properties Inc

    Listing date Feb 16, 2024

    Source Crexi

    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 O'Brien Commercial Properties Inc

    HighLights

    • Vacant 1,489 sq ft office space available for sale or lease.
    • Sale price lowered to $295k.
    • Flexible options: Owner will consider either lease at $24/SF or sale.
    • Existing buildout includes 2‑3 private offices, large bullpen, kitchen, reception/lounge, and 2 bathrooms.
    • Condo fees cover HVAC maintenance, landscaping, snow/trash removal, and property management.
    • Located in Wayside Square Office Building on the first floor.

    Overview

    Located in the Wayside Square Office Building, this 1,489 square foot office space on the first floor is currently vacant and available for sale or lease. The current buildout includes 2-3 private offices, a large bullpen/production area, a kitchen, a reception/lounge, and two interior bathrooms, as well as areas for storage. The condo association fees cover HVAC maintenance, landscaping, snow and trash removal, and property management. Condo fees are $2,893 per quarter, and taxes are $900 per quarter. The average electric cost is $50 per month.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Concord
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3770953
    Latitude
    42.455264

    Nearby Similar for Sale

    • $5,000

      Retail/Commercial Space in West Concord

      Retail/commercial space with offices in a bustling village district.
      95 Commonwealth Avenue, Concord, MA 01742
      View Details
    • $1,585,000

      West Concord Mixed-Use Opportunity

      Retail/commercial space with offices in a bustling village setting.
      95 Commonwealth Avenue, Concord, MA 01742
      View Details
    • $1,585,000

      Retail/Commercial Space in West Concord

      Versatile commercial space in a bustling village setting.
      95 Commonwealth Avenue, Concord, MA 01742
      View Details
    • $3,800,000
      3,089 SF

      Industrial Space in Concord, MA

      Industrial property available for lease in Concord, Massachusetts.
      40 Beharrell St, Concord, MA
      View Details
    • $5,900,000
      34,800 SF

      Concord Warehouse For Sale

      34,800 SF warehouse/industrial property in Concord, Massachusetts.
      100 Domino Drive, Concord, MA 01742
      View Details
    • $719,000
      2,650 SF

      Concord Office Space For Sale

      Office space available in Concord, Massachusetts, totaling 2,650 square feet.
      54 Junction Square Dr, Concord, MA
      View Details
    • $1,585,000

      West Concord Retail/Office Opportunity

      Retail/office space in West Concord village, near train station.
      95 Commonwealth Avenue, Concord, MA 01742
      View Details
    • $2,250,000
      10,000 SF

      Concord R&D Building For Sale

      10,000 SF R&D building in Concord, ready for customization.
      61 Domino Drive, Concord, MA 01742
      View Details
    • $410,000
      1,162 SF

      Concord Office Space For Sale

      Office space available in Concord, Massachusetts.
      133 Old Rd to 9 Acre Corner, Concord, MA
      View Details
    • $5,900,000
      34,800 SF

      Concord Warehouse Property for Sale

      34,800 SF warehouse/industrial property in Concord, Massachusetts.
      100 Domino Drive, Concord, MA 01742
      View Details
    • Contact for pricing
      34,800 SF

      34,800 SF Flex Building

      34,800 SF flex building on 5.33 acres.
      100 Domino Dr, Concord, MA 01742
      View Details

    FAQs

    What type of property is this?
    Office units - First-floor office condo in Concord available for sale or lease.
    Where is this office units located?
    The property is located at 801 Main St Concord, MA.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: Vacant 1,489 sq ft office space available for sale or lease.; Sale price lowered to $295k.; Flexible options: Owner will consider either lease at $24/SF or sale.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Keith Gurtler
    Real Estate License ID: 9012015
    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

    Thank You for Inquiry
    801 Main St, Concord, MA 01742
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!