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    63 Great Rd Maynard, MA 01754

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    63 Great Rd Maynard, MA 01754

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    • Office properties & Spaces
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    Current Use by Public Records

    • North Shore Arborists / Landscaping / General Contractor
    • Venus Dental / Dental Office
    • Dyhydromatics LLC / Production Facility
    • Haley Ward, Inc / General Contractor
    • Delphi Scientific / Corporate Office

    Property Details for 63 Great Rd

    Year built
    1902
    Property type
    Office properties & Spaces
    Property subtype
    Office Units

    Description

    This exceptional office space, located at 63 Great Road in Maynard, MA 01754, offers a unique blend of historic charm and modern convenience. Housed in a two-story brick and beam building constructed in 1902 and renovated in 1985, this property provides multiple tenancy options within a vibrant suburban setting. Three individual suites are currently available, ranging from 1,600 to 3,408 square feet, with the possibility of contiguous space totaling 5,152 square feet on the second floor. The building boasts spacious lobbies and a high-end character rarely found, complemented by the numerous local amenities of Maynard's town center, just a short walk away. This prime location offers easy access to major roadways, including Routes 117, 62, 128, 495, and 2, providing excellent connectivity for businesses. The building's traditional office layout is suitable for a variety of businesses, including those seeking executive or creative office spaces. Situated in Middlesex County, this property presents a compelling opportunity for businesses seeking a unique and well-connected office environment. The building's character and location combine to create a truly distinctive workspace.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Maynard
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4681
    Latitude
    42.4276

    Comparable in this City

    • Value Estimation
      $1,485,000
      890 SF

      63 Great Rd Ste, Unit 205

      CONDOMINIUM OFFICES • 890 SF
      63 Great Rd Ste, Maynard, MA 01754-2097
      View Details
    • Value Estimation by Request
      734 SF

      63 Great Rd Ste, Unit 103

      CONDOMINIUM OFFICES • 734 SF
      63 Great Rd Ste, Maynard, MA 01754-2097
      View Details
    • Value Estimation
      $1,480,000
      1,260 SF

      63 Great Rd Ste, Unit 203

      CONDOMINIUM OFFICES • 1,260 SF
      63 Great Rd Ste, Maynard, MA 01754-2097
      View Details
    • Value Estimation
      $690,000
      4,016 SF

      63 Great Rd Ste, Unit 104

      CONDOMINIUM OFFICES • 4,016 SF
      63 Great Rd Ste, Maynard, MA 01754-2097
      View Details
    • Value Estimation by Request
      1,890 SF

      63 Great Rd Ste, Unit 200

      CONDOMINIUM OFFICES • 1,890 SF
      63 Great Rd Ste, Maynard, MA 01754-2097
      View Details
    • Value Estimation by Request
      590 SF

      1 Pleasant St Ste, Unit 2

      CONDOMINIUM OFFICES • 590 SF
      1 Pleasant St Ste, Maynard, MA 01754-1360
      View Details

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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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