Three-Story Medical Office
For Sale
Contact for pricing
9 Loon Hill Rd, Dracut, MA 01826
Purpose-built outpatient facility with clinical layouts, completed in 2018 for Lowell General Hospital operations.
Property Size27,324 SF
Price / SF$420.98
Days on Market151
Property Features for 9 Loon Hill Rd
General Information
Standard status
Active
Size
27,324 SF
Class
B
Property subtype
Office
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$710,837
Building Details
Year Built
2018
Buildings
1
Stories
3
Tenancy
Single
Building Size
27,324 SF
Listing Agency:
Northmarq - Tulsa
(918) 494-2690
Listed By:
Toby Scrivner · License #TX #452773
Source:
Crexi
Added: Apr 2
Changed: Aug 29
Last Checked: Aug 29 at 6:46PM
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 Northmarq - Tulsa
Investment Insights
Based on property information with market context.
This medical office property contains 27,324 square feet across three stories and was completed in 2018. The purpose-built facility was developed for outpatient healthcare use, with clinical layouts configured for medical operations and ongoing patient care functions.
The building is located at 9 Loon Hill Road in Dracut, Massachusetts, within the Greater Boston metropolitan area. Its original design for Lowell General Hospital provides a healthcare-specific physical setting rather than a general office configuration.
The property’s three-story design, dedicated outpatient orientation, and 2018 construction date define the core offering for medical office users seeking an established facility with purpose-built clinical improvements.
The building is located at 9 Loon Hill Road in Dracut, Massachusetts, within the Greater Boston metropolitan area. Its original design for Lowell General Hospital provides a healthcare-specific physical setting rather than a general office configuration.
The property’s three-story design, dedicated outpatient orientation, and 2018 construction date define the core offering for medical office users seeking an established facility with purpose-built clinical improvements.
Key Highlights
- 27,324‑square‑foot medical office building
- Three‑story outpatient healthcare facility
- Completed in 2018
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$864,146
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.54%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,282,920
$17.3M
Cap Rate 7%
$12,344,943
$12.3M
Cap Rate 9%
$9,601,622
$9.6M
Market Conditions
NOI Build-Up for 27,234 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$1.48M $54.24/SF
− Vacancy
−$325.0K −$11.93/SF
EGI
$1.15M $42.31/SF
− OpEx
−$288.0K −$10.58/SF
NOI
$864.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$17,282,920
Cap Rate 7%
$12,344,943
Cap Rate 9%
$9,601,622
Alternative Uses
Best Use
Office B
$12.34M
$10.80M – $14.40M
NOI $864,146 @ 7.0% cap · market cap 7.54%
Second Best
Healthcare Medical
$11.29M
$9.88M – $13.18M
NOI $790,520 @ 7.0% cap · market cap 6.90%
Theoretical Best
Office A
$16.12M
$14.11M – $18.81M
NOI $1,128,570 @ 7.0% cap · market cap 9.84%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
443
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 01826, MA
32,689
Population
12,480
Households
2.6
Avg Household Size
42
Median Age
35%
College-Educated
91%
High-School Grad
20.8 sq mi
ZIP Area
1,572
Density / Sq Mi
$111,451
Median Household Income
$58,361
Median Earnings
$1,740
Median Rent
$466,200
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Purpose-built outpatient facility with clinical layouts, completed in 2018 for Lowell General Hospital operations.
Where is this medical office space located?
The property is located at 9 Loon Hill Rd Dracut, MA.
What is the asking price?
The asking price for this property is $11,465,000.
What are key features of this property?
This property features: 27,324‑square‑foot medical office building; Three‑story outpatient healthcare facility; Completed in 2018
