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    FOR LEASE
    Medical Office Space

    120 Boston Rd, Groton, MA 01450

    8,324 SF 2.98 ac lot Built 2016
    Entity Owned 10-yr Hold ~ Est. High Equity
    Property ID
    US38-1099289
    120 Boston Rd, Groton, MA 01450 For Lease
    $680,000 4,000 SF available
    120 Boston Rd, Groton, MA 01450
    View Listing →
    Property summary
    AI-generated overview

    This Class A, two-story medical and traditional office building, totaling 16,000 square feet, presents a unique opportunity. Located in Middlesex County, the property boasts one available suite of 4,000 square feet, ideal for a variety of uses. Currently, a thriving pediatric practice occupies the first floor, creating an established medical environment. The vacant space is easily adaptable for either medical or general office build-out, offering flexibility to suit diverse business needs. Built in 2015, the building features abundant parking, a significant advantage for both staff and clients. The building is comprised of three total suites across its two stories, with a minimum divisible space of 4,000 square feet. This prime location offers excellent visibility and accessibility, making it an attractive option for businesses seeking a modern, well-maintained space in a thriving area. The building's recent construction ensures modern amenities and efficient layouts. This is an exceptional opportunity to secure high-quality office space in a desirable Middlesex County location.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 2016
    Construction STEEL FRAME
    Total area 8,324 SF
    Lot 2.98 ac (129,809 SF)
    Zoning code B1
    APN GROT M:222 B:15 L:
    UPID US38-1099289
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Adam Lacasse, Counselor Mental Health Service Psychologist
    • Dr. James Sheehy Pediatrician Medical Clinic
    • Corey Harju, Counselor Psychotherapist Child Psychologist
    • Micah Lacombe, Counselor Life Coach Child Psychologist
    • Emily Grossman Pediatrician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $680k
    Owner & transaction history
    120 Boston Road LLC · 10 yrs held
    120 Boston Road LLC
    since 2015
    7 recorded transactions
    2015
    $475,000
    2007
    2004
    1999
    1998
    1996
    $370,000
    1990
    Zoning & alternative use
    B1 · Groton, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Office building $1.1M +57.2%
    Restaurant $965,000 +39.1%
    Auto repair, garage $855,000 +23.2%
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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