Property profile

2 Forbes Rd Woburn, MA 01801

OFF-MARKET
Hotels
Property ID
US38-1185508
237,854 SF 7.98 ac lot Built 1988
Individually Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1988
Construction STEEL FRAME
Total area 237,854 SF
Lot 7.98 ac (347,609 SF)
Zoning code O-P
APN WOBU M:32 B:03 L:01 U:00
UPID US38-1185508

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
  • IT Consulting Firm Tech Support Center

Location

2 Forbes Rd Woburn, MA 01801-2103
Woburn metro Census 333400 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$880k
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.78M
Blend (final) Blend
$1.33M

Owner & transaction history

since 2015
7 recorded transactions
2015
$32.1M
2011
Price N/A
2007
Price N/A
2007
$1
2007
$1
2006
Price N/A
1995
Price N/A

Zoning & alternative use

O-P · Woburn, MA
Zoning description

overlay district superimposed on the existing Office Park (O-P) Zoning District, in certain locations within the City. The overlay district shall permit residential land uses which shall be in addition to the land uses a…

General category OPEN_SPACE

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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