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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2 Park Dr Ste, Unit 3 Westford, MA 01886-3525

    • Industrial properties
    • 3,438 SF
    OFF-MARKET
    Value Estimations
    $225,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0798338
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Industrial properties

    Property Details for 2 Park Dr Ste

    Year built
    1986
    Construction
    STEEL FRAME
    Property size
    3,438 SF
    Zone code
    CH
    Property type
    Industrial properties
    APN
    WFOR M:0011.0 P:0043 S:0003
    APU
    WFORM00110P0043S0003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $250,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $195,000
      Market price range: $88.6k - $279k

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

    Location Insight

    • Map
    • Local Demand
    City
    Westford
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.4351
    Latitude
    42.5581
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $3,794
    $0.00
    $275,500
    $275,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $265,000
      700 SF

      7 Littleton Rd Ste F

      CONDOMINIUMS (INDUSTRIAL) • 700 SF
      7 Littleton Rd Ste F, Westford, MA 01886-3131
      View Details
    • Value Estimation
      $605,000
      28,531 SF

      69 Broadway St

      INDUSTRIAL (GENERAL) • 28,531 SF
      69 Broadway St, Westford, MA 01886-2106
      View Details
    • Value Estimation
      $635,000
      9,600 SF

      2 Carl Thompson Rd

      INDUSTRIAL (GENERAL) • 9,600 SF
      2 Carl Thompson Rd, Westford, MA 01886-1561
      View Details
    • Value Estimation
      $310,000
      1,929 SF

      7 Littleton Rd Ste C

      CONDOMINIUMS (INDUSTRIAL) • 1,929 SF
      7 Littleton Rd Ste C, Westford, MA 01886-3131
      View Details
    • Value Estimation
      $365,000
      14,400 SF

      59 Powers Rd

      INDUSTRIAL (GENERAL) • 14,400 SF
      59 Powers Rd, Westford, MA 01886-4111
      View Details
    • Value Estimation
      $230,000
      2,916 SF

      14 Park Dr

      CONDOMINIUMS (INDUSTRIAL) • 2,916 SF
      14 Park Dr, Westford, MA 01886
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Westford Industrial Land - 3.67 Acres

      Prime Westford location, approved industrial complex.
      5 Makepeace Rd, Westford, MA 01886
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      Industrial Building with Office Space

      11,600 Sq. Ft. industrial building with warehouse and office.
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      Updated Duplex with Income Potential

      Turn-key duplex with updates, income potential, and convenient location.
      19-21 Broadway St, Westford, MA 01886
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      Professional Office Space Available

      First floor office unit with ample natural light.
      285 Littleton Rd, Westford, MA 01886
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    • $1,650,000
      186,001 SF

      Westford Industrial Land with Approvals

      4.27 acres of industrial land with building approvals.
      7 Carl Thompson Rd, Westford, MA 01886
      View Details
    • $1,495,000

      Westford Office Space Available

      Office property for sale in Westford, Massachusetts.
      6 Lyberty Way, Westford, MA 01886
      View Details

    Similar Nearby for Lease

    • $15 SF/Yr
      3,100 SF

      Westford Flex / Industrial Space

      3,100 SF flex/industrial space available for lease.
      1 Park Dr, Westford, MA 01886
      View Details
    • $18 SF/Yr
      38,000 SF

      Prime Middlesex County Flex Space

      38,000 SF Flex Space, I-495 Access
      5 Lan Dr, Westford, MA 01886
      View Details
    • Contact for pricing
      175,000 SF

      Premier R&D Building for Lease

      175,000 SF R&D building with robust infrastructure in Westford.
      314 Littleton Rd, Westford, MA 01886
      View Details
    • $1,500 /Mo
      700 SF

      Westford Flex Space For Rent

      700 SF flex space with loading door and office.
      7 Littleton Rd, Westford, MA 01886
      View Details
    • Contact for pricing
      10,768 SF

      Westford Office/R&D Space Available

      Single-story office/R&D building with expansion potential in Westford, MA.
      10 Lyberty Way, Westford, MA 01886
      View Details
    • Contact for pricing
      9,890 SF

      Westford Tech Park Office Space

      Mixed-use office space with cafes and fitness centers.
      1 Technology Park Dr, Westford, MA 01886
      View Details
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    2 Park Dr Ste, Unit 3
    Westford, MA 01886-3525
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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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