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Property profile & analytics
FOR LEASE
Office buildings
35 Parkwood Dr, Hopkinton, MA 01748
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US38-1927938
For Lease
1 / 49
$16,550,000
35 Parkwood Dr, Hopkinton, MA 01748
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Property summary
AI-generated overview
This exceptional Hopkinton, Massachusetts office space, located at 35 Parkwood Drive, Suite 1st Floor, offers a diverse range of options for businesses of all sizes. Situated in Middlesex County, this property provides a versatile workspace solution catering to various needs. The space offers traditional office suites, executive offices, coworking areas, and even medical or creative office configurations. Tenancy is multiple, allowing for flexibility in lease terms and space requirements. Businesses can choose from fully furnished and equipped private offices, scalable to accommodate teams of any size, from a single person to over 100. Alternatively, a collaborative coworking environment is available, with options for dedicated desks or hot-desking. Meeting rooms are also available, ranging from informal chat spaces to larger venues suitable for presentations, training sessions, or conferences. For businesses seeking a professional image without the commitment of a full office, virtual office options are provided, including mail handling and virtual assistant services. Flexible working plans are also available, offering access to a global network of workspaces. The property's specific square footage is not currently available. This location provides a prime opportunity to establish a thriving business in a dynamic and convenient setting.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
STEEL FRAME
Total area
162,890 SF
Lot
15.47 ac (673,917 SF)
APN
HOPK M:0R17 B:0013 L:4
UPID
US38-1927938
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
Current use
Occupant on record · Public records
-
BILLSHARK Financial Advisor
-
RKD Group Marketing & Advertising Advertising Agency
-
Veruna Inc. (Bike/Boat/Book/etc) Store Corporate Office
-
PrismHR (Bike/Boat/Book/etc) Store Corporate Office
-
TriPlus Services, Inc. Business Administration Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$19.85M
Blend (final)
Blend
$16.55M
Owner & transaction history
Parkwood Hopkinton Realty · 8 yrs held
Parkwood Hopkinton Realty
since 2018
5 recorded transactions
Zoning & alternative use
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 Hopkinton submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hopkinton 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$16.55M
Range $14.90M – $18.21M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$102 / 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
$240,910
Tax year 2024
Assessed value
$16,500,700
Assessed 2024
Previous assessed
$16,500,700
+0.0% YoY
Effective rate
1.46%
On assessed value
Assessed land
$1,456,800
Assessed improvement
$15,043,900
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
1
Stories
3
Bathrooms
12
Total area
162,890 SF
Lot
15.47 ac (673,917 SF)
APN
HOPK M:0R17 B:0013 L:4
UPID
US38-1927938
Jurisdiction
HOPKINTON
Metro division
CAMBRIDGE-NEWTON-FRAMINGHAM, MA METROPOLITAN DIVISION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Construction
STEEL FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Buildings
1
Bathrooms
12
Lot
15.47 ac
Current owner
From public records · entity-resolved
Parkwood Hopkinton Realty
Entity
Mailing address
1881 WORCESTER RD STE #200, FRAMINGHAM, MA 01701-5410
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 11, 2018
—
Parkwood Hopkinton Realty
35 Parkwood Realty LLC
Quit Claim Deed
related
$16,000,000 · Eastern Bk
Nov 15, 2016
$3,450,000
35 Parkwood Realty LLC
Ws Nv 35 Parkwood Dr LLC
Quit Claim Deed
related
—
Mar 2, 2016
$2,300,000
Ws Nv 35 Parkwood Dr LLC
Rreef America Reit 3-z1
Quit Claim Deed
—
Jul 23, 2014
$500
Rreef America Reit 3 Z1
Elmwood Perk Property LLC
Quit Claim Deed
related
$342,000,000 · Cornerstone Real Estate Advise
—
—
35 Parkwood Realty LLC
—
Deed Of Trust
related
$16,000,000 · Eastern Bk
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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