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45 Commerce Way Woburn, MA 01801

Manufacturing properties Google Maps
27,901 SF 2.33 ac lot Built 1984
Entity Owned 18-yr Hold Free & Clear
Estimated value (blended)
$2.73M
Range $2.46M – $3.00M (±10%)
Property ID US38-0325176

Property summary

AI-generated overview

This exceptional Woburn, MA property at 45 Commerce Way offers 8,000 square feet of immediately available space, divisible to 4,000 square feet. Located on a 2.34-acre lot, this Class B building (27,901 total square feet) was constructed in 1984 and features two suites, each with its own grade-level loading dock. The flexible space is ideal for a variety of uses, including executive office, flex space, and R&D, thanks to its existing buildout offering a blend of office and open areas suitable for light manufacturing. The zoning, (I-P), allows for many business types. Ample on-site parking is provided. The minimum leasable space is 4,000 square feet, with a maximum contiguous space of 8,000 square feet available. This presents a unique opportunity for businesses seeking a versatile and well-located space in Woburn, MA, zip code 01801. The property's location provides easy access to major transportation routes and amenities. Contact us today to learn more about this prime commercial real estate opportunity.

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1984
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 27,901 SF
Lot 2.33 ac (101,495 SF)
Zoning code I-P
APN WOBU M:16 B:01 L:16 U:00
UPID US38-0325176

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
  • Car Rental Facility
  • Car Rental Facility
  • Car Rental Facility

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.73M

Owner & transaction history

since 2007
4 recorded transactions
2007
$1
1993
$31,378
1992
Price N/A
1988
Price N/A

Zoning & alternative use

I-P · Woburn, MA
Zoning description

(I-P), Industrial Park 2 (I-P2), and the Interstate Business (B-1) Zoning District as shown on the City of Woburn zoning map as CWCOD dated December 23, 2009 and as may be amended from time to time. (amended 12/23/2009)…

General category INDUSTRIAL

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?”
More about this property
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