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Property profile & analytics
FOR LEASE
Life science properties
2 Technology Park Dr, Westford, MA 01886
Individually Owned
7-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US38-0169249
For Lease
1 / 2
$870,000
2 Technology Park Dr, Westford, MA 01886
View Listing →
Property profile
Verified
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Year built
2000
Construction
STEEL FRAME
Total area
100,557 SF
Lot
8.22 ac (358,237 SF)
Zoning code
CH
APN
WFOR M:0022.0 P:0124 S:0004
UPID
US38-0169249
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$870k
Owner & transaction history
Farm-westford 2 Michelson · 7 yrs held
Farm-westford 2 Michelson
since 2018
7 recorded transactions
Zoning & alternative use
CH · Westford, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Westford submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Westford submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
$9 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$93,292
Tax year 2024
Assessed value
$6,775,000
Assessed 2024
Previous assessed
$6,775,000
+0.0% YoY
Effective rate
1.38%
On assessed value
Assessed land
$3,683,200
Assessed improvement
$3,091,800
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Life science properties
Use group
R&D FACILITY, LABS, PHARMA
Status
For Lease
Year built
2000
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
YES
Buildings
1
Stories
3
Units
4
Bathrooms
8
Total area
100,557 SF
Lot
8.22 ac (358,237 SF)
Zoning code
CH
APN
WFOR M:0022.0 P:0124 S:0004
UPID
US38-0169249
Jurisdiction
WESTFORD
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
CH · Westford, MA
Zoning CH · permitted uses
CH · Westford, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Westford. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
1
Units
4
Bathrooms
8
Lot
8.22 ac
Current owner
From public records · entity-resolved
Farm-westford 2 Michelson
Individual
Mailing address
200 WHEELER RD, BURLINGTON, MA 01803-5501
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 7, 2018
—
Farm-westford 2 Michelson
—
Deed
related
$4,195,000 · Bank Of New England
Dec 6, 2018
—
Farm-westford 2 Michelson
—
Deed
related
$5,700,000 · Bank Of New England
Dec 29, 2010
—
Farm Wfor Tech Michelson
—
Deed Of Trust
related
$7,000,000 · Bank Of America
Dec 21, 2000
—
Farm West Michelson II
—
Deed Of Trust
related
$11,850,000 · L J Melody & Co
May 19, 2000
—
Farm Westf T Michelson
—
Deed Of Trust
related
$8,200,000 · Fleet National Bank
—
—
Farm-westford 2 Michelson
—
Deed Of Trust
related
$5,700,000 · Bank Of New England
—
—
Farm-westford 2 Michelson
—
Deed Of Trust
related
$4,195,000 · Bank Of New England
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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