45 Lyman StWestborough, MA 01581

Property Details for 45 Lyman St

Year built

2004

Construction

STEEL FRAME

Lot size

6.06 AC

Property size (Sq ft)

36,456 SF

Zone code

BA

Property type

Office buildings

APN

WBOR M:0034 B:000113 L:0

APU

WBORM0034B000113L0

Description

Chauncy Place, located at 45 Lyman St, Westborough, MA 01581, offers 36,456 square feet of prime creative office space in a beautifully maintained building. This multi-tenant property sits on 6.06 acres and includes 50 parking spaces, adding convenience for employees and clients. The building features an elevator for easy access to all floors. Its convenient location offers easy access to Route 9, Route 495, and the Mass Pike. Rent includes real estate taxes, insurance, maintenance, snow removal, landscaping, and interior common area cleaning

• CAP approach

  CAP return

  Valuation

  6%

  $6,027,266

  6.5%

  $5,563,630

  7%

  $5,166,228

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,763,341

  Geo Method

  $4,763,341

• Alternative Use

  Use

  Valuation

  Residential

  $6,898,901

  Hospitality

  $6,319,356

  Educational

  $5,257,630

  Medical

  $5,438,448

  Retail

  $8,178,536

Location Insight

City

Westborough

County

Worcester

State

Massachusetts

Latitude

42.2872

Longitude

-71.6073

CBSA code

49340

CBSA name

WORCESTER, MA-CT METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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