500 Unicorn Park DrWoburn, MA 01801

For Lease
  • Office buildings
  • 187,978 SF

Property Details for 500 Unicorn Park Dr

Year built
1999
Construction
STEEL FRAME
Lot size
7.13 AC
Property size (Sq ft)
187,978 SF
Zone code
OP93
Property type
Office buildings
APN
WOBU M:46 B:06 L:01 U:00
APU
WOBUM46B06L01U00

Description

This exceptional Class A, 24,449-square-foot executive office space in Woburn, Massachusetts, presents a unique turnkey opportunity. Located within the prestigious Unicorn Park, this single-tenant building boasts a recently completed multi-million dollar renovation. The space is fully furnished and ready for immediate occupancy. The convenient location just off Interstate 93, Exit 27 (Montvale Avenue), provides easy access to both Boston (9 miles, 16-minute drive) and New Hampshire (18 miles south). Unicorn Park offers a range of amenities, including a covered parking garage, a courtyard with a Marriott Hotel featuring dining and a bar, a dry cleaning service, and a fitness room. Enjoy stunning views of Interstate 93 from the building. Situated in Middlesex County, Woburn is a thriving retail hub, providing employees with access to top-tier dining, fitness facilities, and shopping options. This property represents a rare chance to secure a fully equipped, high-quality office space in a highly desirable location. The building's modern design and convenient amenities create an ideal work environment for any discerning business. The 24,449 square feet of vacant space offers significant flexibility for a variety of business needs.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $31,078,378
    6.5%
    $28,687,734
    7%
    $26,638,610
  • Comparable approach

    Method
    Valuation
    Relative Method
    $24,561,206
    Geo Method
    $24,561,206
  • Alternative Use

    Use
    Valuation
    Residential
    $35,572,788
    Hospitality
    $32,584,484
    Educational
    $27,109,908
    Medical
    $28,042,260
    Retail
    $42,170,968
500 Unicorn Park Dr, Woburn, Massachusetts

Location Insight

City
Woburn
County
Middlesex
State
Massachusetts
Latitude
42.4876
Longitude
-71.1156
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$516,260
$6,361,400
$19,818,100
$26,179,500
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