Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Tewksbury Office, Medical, R&D Space Title is generated by Realmo AI

    600 Clark Rd, Tewksbury, MA 01876

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Flexible office, medical, and R&D spaces available for lease.

    Type:Office, Industrial
    Property size:
    10,029 SF
    Added:
    Oct 21, 2024
    Days on Market:
    592
    Last Refresh:
    May 11 at 9:35 pm

    Property Features for 600 Clark Rd

    General Information

    Standard status
    Active
    Size
    10,029 SF
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1984

    Spaces For Lease

    at 600 Clark Rd Contact us

    We can help!

    Listing Contact
    Mike Ogasapian, SIOR

    Listing agent Mike Ogasapian, SIOR License #9587640

    Listing office R.W. Holmes Realty Co

    Listing date Oct 21, 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 R.W. Holmes Realty Co

    HighLights

    • Flexible space options available, ranging from 2,227 to 10,029 SF.
    • Suitable for office, medical, and R&D use.
    • Professionally managed by Eastport Real Estate Services.
    • Prime accessibility.
    • Potential for prominent building signage.
    • Modern amenities.

    Overview

    Located at 600 Clark Road in Tewksbury, this property offers flexible office, medical, and R&D spaces available for lease. The available spaces range in size from 2,227 to 10,029 square feet. The property is professionally managed by Eastport Real Estate Services. Modern amenities are available. The location provides prime accessibility. There is potential for prominent building signage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wealth Management Advisors, ... Accounting Firm Carly Keafer Physician Wealth Management Advisors, ... Financial Advisor Richman Marlys CPA Accounting Firm Thomas Kirwin CPA ... Tax Preparation

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Similar Places Nearby

    • Walmart Home Theater Installation — 333 Main St, Tewksbury, MA 01876

    Location Insight

    • Map
    • Local Demand
    City
    Tewksbury
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.2702367
    Latitude
    42.6312181

    Nearby Similar for Lease

    • $18 SF/Yr
      5,890 SF

      Tewksbury Office Space For Rent

      Professional office space, 5,890 sq. ft., convenient highway access.
      890 East St, Tewksbury, MA 01876
      View Details
    • $1,100/Mo

      Updated Office Space Available Now

      Modern office suite with private offices, reception, and parking.
      1565 Main St #1F, Tewksbury, MA 01876
      View Details
    • $600/Mo
      504 SF

      Tewksbury Office Condo For Lease

      Second-floor office condo available for lease on Main Street.
      1501 Main St, Tewksbury, MA
      View Details
    • Contact for pricing
      2,832 SF

      Industrial Bay with Mezzanine Office

      Industrial space with drive-in door and mezzanine office.
      792 Main Street , Tewksbury , MA 01867
      View Details
    • $1,400/Mo

      Main Street Commercial Space Available

      Versatile commercial space with loft and ample parking.
      110-1215 Main St, Tewksbury, MA
      View Details
    • $18 SF/Yr
      5,890 SF

      Tewksbury Office Space For Rent

      Professional office space, 5,890 sq. ft., convenient highway access.
      890 East Street, Tewksbury, MA 01876
      View Details
    • Contact for pricing
      30,297 SF

      Office Space Available For Rent

      Office space available for rent through December 2025.
      200 Ames Pond Drive, Tewksbury, MA, 01876
      View Details
    • Contact for pricing
      1,485 SF

      Retail Space in Tewksbury Shops

      Retail spaces available in a busy Tewksbury shopping center.
      345 Main St, Tewksbury, MA
      View Details
    • $12 SF/Yr
      8,264 SF

      Tewksbury Office/R&D Facility For Rent

      Single-story office/R&D facility built in 2020, near Interstate 495.
      554 Clark Rd, Tewksbury, MA
      View Details
    • Contact for pricing
      142,359 SF

      Tewksbury Warehouse with Modern Amenities

      Spacious warehouse with high ceilings and modern workplace amenities.
      500 Innovation Dr, Tewksbury, MA
      View Details
    • Contact for pricing
      15,932 SF

      Tewksbury Flex/Industrial Space for Lease

      Flex/Industrial space available for lease in Tewksbury, Massachusetts.
      300 Innovation Drive, Tewksbury, MA
      View Details
    • Contact for pricing
      34,770 SF

      Tewksbury Office Space For Rent

      34,770 SF office space with amenities near I-495.
      400 Innovation Dr, Tewksbury, MA
      View Details

    FAQs

    What type of property is this?
    Office space - Flexible office, medical, and R&D spaces available for lease.
    Where is this office space located?
    The property is located at 600 Clark Rd Tewksbury, MA.
    What are key features of this property?
    This property features: Flexible space options available, ranging from 2,227 to 10,029 SF.; Suitable for office, medical, and R&D use.; Professionally managed by Eastport Real Estate Services.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Mike Ogasapian, SIOR
    Real Estate License ID: 9587640
    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
    600 Clark Rd, Tewksbury, MA 01876
    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!