Property profile

146 Lowell St Wakefield, MA 01880

OFF-MARKET
Office buildings
Property ID
US38-1860853
6,710 SF 0.44 ac lot Built 1999
Entity Owned 24-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This attractive 150-square-foot coworking office space is located on the second floor of 146 Lowell Street in Wakefield, Massachusetts, within Middlesex County (zip code 01880). The single-tenant suite boasts recently painted neutral walls and stylish luxury vinyl plank flooring, creating a modern and professional atmosphere. Ideal for a sole proprietor or a small team of business partners, this space offers convenience and comfort. Utilities are included in the lease, eliminating additional monthly expenses. The building is equipped with an elevator for easy access to the second-floor office. Its location provides easy access to major highways and the downtown Wakefield area, offering excellent connectivity and visibility. This is a fantastic opportunity for a business seeking a well-maintained, move-in ready office space in a desirable location. The property is classified as an office space with a coworking subtype.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1999
Construction FRAME
Total area 6,710 SF
Lot 0.44 ac (19,127 SF)
Zoning code B
APN WAKE M:000001 B:0006 P:000017
UPID US38-1860853

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Accounting Firm Tax Preparation
  • Medical Clinic Skin Care Clinic
  • Hair Salon
  • Spa & Massage Center Alternative Medicine Practice

Location

146 Lowell St Wakefield, MA 01880-1014
Wakefield metro Census 335100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.60M
Blend (final) Blend
$1.75M

Owner & transaction history

since 2001
4 recorded transactions
2010
Price N/A
2001
$1.0M
1999
$275,000
1997
$250,000

Zoning & alternative use

B · Wakefield, MA
Zoning description

b) negotiate in good faith for shared use by third parties; c) allow shared use if an applicant for shared use agrees in writing to pay reasonable rental charges or other consideration and to pay all costs of adapting th…

General category COMMERCIAL
Top alternative use upside
Restaurant $2.0M +32.6%
Auto repair, garage $1.9M +28.6%
Neighborhood: shopping center $1.9M +26.6%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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