Property profile

331 Montvale Ave Woburn, MA 01801

FOR LEASE
Office buildings
Property ID
US38-0889742
32,040 SF 1.24 ac lot Built 1989
Entity Owned 6-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 2,600 square foot office space is situated on the third floor of a six-story building at 331 Montvale Avenue in Woburn, Massachusetts. The property, with APN WOBU-000054-000005-000009, boasts a highly desirable location, less than two miles from I-95 and approximately eight miles north of Boston, offering easy access via Route 93 South. The building itself, constructed in 1980, comprises 32,040 total square feet on a 1.29-acre lot and features a traditional office design with a 12-foot ceiling height. This single-tenant space includes approximately five private offices, adaptable areas suitable for reception or conference rooms, and a fully equipped kitchenette lounge. The flexible layout caters to a variety of business needs, from general office space to professional or medical/dental practices. Ample parking is provided with approximately 80 shared spaces located at the rear of the building. The property's zoning is classified as "Bl". Its convenient location near downtown Boston, adjacent to I-93, and one exit from Route 95, coupled with its proximity to numerous restaurants and retailers, makes this an ideal location for any business seeking a thriving and accessible environment. The building is equipped with elevators.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction STEEL FRAME
Total area 32,040 SF
Lot 1.24 ac (54,014 SF)
Zoning code B-I
APN WOBU M:54 B:05 L:09 U:00
UPID US38-0889742

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
  • Bank Credit Union
  • Bank
  • Home Health Care Service
  • Consultant Software Training Institute
  • Charitable Organization Social Service Agency

Location

331 Montvale Ave Woburn, MA 01801
Woburn metro Census 333400 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.99M
Blend (final) Blend
$2.93M

Owner & transaction history

since 2019
5 recorded transactions
2023
Price N/A
2019
$1.4M
2019
$3.8M
2019
Price N/A
2014
Price N/A

Zoning & alternative use

B-I · Woburn, MA
Zoning description

of Industrial (I), Office Park (OP), or Business Interstate (BI) to Residential (R-1, R-2, R-3 or R-4) that occurs after (September 25, 2015), the burden of providing the buffer zone shall be imposed on the property rezo…

General category COMMERCIAL

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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