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    Property profile & analytics
    OFF-MARKET Estimated value $3,540,000
    Office buildings

    33 Andrews Pkwy, Devens, MA 01434-5604

    21,872 SF Built 2005
    Entity Owned Absentee Owner Free & Clear
    Property ID
    US38-0635281
    Property summary
    AI-generated overview

    This exceptional two-story, Class B office building, totaling 20,000 square feet, presents a fantastic opportunity. Built in 2000, the property boasts 12-foot ceilings and is conveniently located in the heart of Devens, MA, within Devens Commons. Currently, 4,230 square feet of office space is available for lease in a multi-tenant building. The building offers a total of 75 parking spaces, a significant advantage for employees and clients, further enhanced by the inclusion of an on-site electric vehicle charging station. The property's prime location offers excellent walkability to numerous local restaurants and shops, providing convenience and amenities for tenants. Its strategic proximity to Route 2 ensures easy access to regional transportation networks. The lease is a gross lease, encompassing base year common area maintenance (CAM) and property taxes. This makes budgeting and financial planning straightforward for prospective tenants. This is an ideal location for businesses seeking a modern, well-maintained office space with convenient amenities and excellent accessibility. The building's location within Devens Commons provides a vibrant and thriving business environment.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2005
    Total area 21,872 SF
    Zoning code C
    APN DEVE M:020.0 B:0003 L:0300.C
    UPID US38-0635281
    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
    $2.97M
    Blend (final) Blend
    $3.54M
    Owner & transaction history
    DEVENS DEVELOPMENT LLC
    DEVENS DEVELOPMENT LLC
    Zoning & alternative use
    C · Devens, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Restaurant $4.1M +38.7%
    Retail stores $3.4M +15.4%
    Auto repair, garage $3.4M +12.8%
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