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Property profile & analytics
OFF-MARKET
Office Spaces

380 Lowell St Ste 101a Wakefield, MA 01880-1984

450 SF Built 1983
Entity Owned 10-yr Hold ~ Est. High Equity
Property ID
US38-0483678
Property summary
AI-generated overview

This exceptional 98,000 USD commercial property at 380 Lowell Street, Unit 202a, Wakefield, MA, presents a rare opportunity for business owners. The second-floor space boasts a generous layout ideal for professional use, featuring three distinct rooms. A welcoming reception area at the entrance provides a professional first impression. Two additional private offices offer ample space for individual work or client meetings. The unit includes a convenient storage closet and additional attic storage, perfect for files, equipment, or supplies. Recent upgrades include numerous newer Harvey windows (less than one year old), ensuring abundant natural light and energy efficiency. Two updated bathrooms add to the convenience and functionality of the space. Ample parking is available for staff and clients. The property's strategic location offers easy access to the Commuter Rail, Route 128, Downtown Wakefield, and a variety of local restaurants. A security system with remote accessibility provides peace of mind. This is a truly unique opportunity to own a well-appointed office space in a highly desirable location, eliminating the ongoing costs of renting. Don't miss this chance to establish your business in a prime Wakefield setting.

Property profile
Verified
Property type Office Spaces
Use group CONDOMINIUM OFFICES
Year built 1983
Construction FRAME
Total area 450 SF
Zoning code B
APN WAKE M:00014C B:157A P:0027C1
UPID US38-0483678
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
  • Corson Insurance Insurance Agency
  • Carey & Slater Law Offices Law Firm
  • NVP Podiatry, LLC Medical Clinic
  • LEC Environmental Consultants, Inc Environmental Consultant
  • Law Office of Terrence J. Slater Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
380 Lowell Street LLC · 10 yrs held
380 Lowell Street LLC
since 2015
1 recorded transaction
2015
$185,000
Zoning & alternative use
B · Wakefield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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