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    29 Diana Ln Dracut, MA 01826
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    Property profile & analytics

    29 Diana Ln Dracut, MA 01826

    View on Map
    • Warehouses
    • 13,782 SF
    • 2.08 lot acres
    For Sale
    $1,195,000
    View Listing →
    Freestanding Warehouse/Industrial Building For Sale For Sale
    $1,195,000
    14,000 SF

    Freestanding Warehouse/Industrial Building For Sale

    14,000 SF warehouse/industrial building on 4.41 AC near I-93.

    29 Diana Ln, Dracut, MA 1826
    View Listing
    Property ID
    US38-1649047
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wasik Associates / Industrial Manufacturer / Production Facility

    Property Details for 29 Diana Ln

    Year built
    1994
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    2.08 lot acres
    Property size
    13,782 SF
    Zone code
    I1
    Property type
    Warehouses
    APN
    DRAC M:21 B:19 L:3.1
    APU
    DRACM21B19L31

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,424,000
      Market price range: $875k - $3.10M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dracut
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.265
    Latitude
    42.6975
    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
    $10,418
    $402,300
    $594,600
    $996,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $2,180,000
      68,700 SF

      983 Broadway Rd

      WAREHOUSE, STORAGE • 68,700 SF
      983 Broadway Rd, Dracut, MA 01826-2805
      View Details
    • Value Estimation
      $12,875,000
      159,299 SF

      1530 Broadway Rd

      WAREHOUSE, STORAGE • 159,299 SF
      1530 Broadway Rd, Dracut, MA 01826-2830
      View Details
    • Value Estimation
      $740,000
      5,800 SF

      28 Silva Ln

      WAREHOUSE, STORAGE • 5,800 SF
      28 Silva Ln, Dracut, MA 01826-2894
      View Details
    • Value Estimation by Request

      100 Pleasant St

      Flex space
      100 Pleasant St, Dracut, MA 01826
      View Details
    • Value Estimation
      $2,250,000
      22,840 SF

      32 Commercial Dr

      WAREHOUSE, STORAGE • 22,840 SF
      32 Commercial Dr, Dracut, MA 01826-2836
      View Details
    • Value Estimation
      $950,000
      9,960 SF

      16 Commercial Dr

      WAREHOUSE, STORAGE • 9,960 SF
      16 Commercial Dr, Dracut, MA 01826-2836
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,000 SF

      Freestanding Warehouse/Industrial Building For Sale

      14,000 SF warehouse/industrial building on 4.41 AC near I-93.
      29 Diana Ln, Dracut, MA 01826
      View Details
    • $350,000

      Versatile Commercial Condo on Route 38

      Two-level condo in Bridgewood Plaza, ideal for diverse commercial uses.
      1794 Bridge St, Dracut, MA 01826
      View Details
    • Contact for pricing

      Development Site in Dracut, MA

      46.49 acre development site near Interstates 93 and 495.
      341 Broadway Rd, Dracut, MA 01826
      View Details
    • $425,000

      Renovated Commercial Condo For Sale

      Two-level commercial condo with flexible zoning and ample parking.
      1794 Bridge St, Dracut, MA 01826
      View Details
    • Contact for pricing

      Dracut Commercial Condo For Sale

      Commercial condo in Dracut, leased to established bakery.
      1794 Bridge St, Dracut, MA 01826
      View Details
    • $629,999

      Charming Duplex on Large Lot

      Rare, private duplex with income potential on 1.17 acres.
      61 Ruth Ave, Dracut, MA 01826
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      10,000 SF

      Dracut Warehouse and Storage Leasing

      Warehouse space and storage units available for lease in Dracut.
      76-100 Pleasant St, Dracut, MA 01826
      View Details
    • Contact for pricing
      27,380 SF

      Dracut Specialty Property for Rent

      27,380 square foot specialty property available for rent.
      49 Mcgrath Rd, Dracut, MA 01826
      View Details
    • $2,800 /Mo
      Pending

      Commercial Building on Busy Corner

      Freestanding building suitable for office or retail use.
      14 Dinley St, Dracut, MA 01826
      View Details
    • $6,000 /Mo

      B3 Zoned Commercial Property

      Commercial property on a busy route, suitable for various businesses.
      1255 Bridge St, Dracut, MA 01826
      View Details
    View Listing
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    Dracut, MA 01826
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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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