Property profile

380 Lowell St Ste 101a Wakefield, MA 01880

OFF-MARKET
Office Spaces
Property ID
US38-0483678
450 SF Built 1983
Entity Owned 10-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Law Firm
  • Medical Clinic
  • Environmental Consultant
  • Law Firm

Location

380 Lowell St Ste 101a Wakefield, MA 01880-1984
Wakefield metro Census 335100 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$240k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$240k

Owner & transaction history

since 2015
1 recorded transaction
2015
$185,000

Zoning & alternative use

B · Wakefield, MA
Zoning description

b) negotiate in good faith for shared use by third parties; c) allow shared use if an applicant for shared use agrees in writing to pay reasonable rental charges or other consideration and to pay all costs of adapting th…

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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