Private Office
For Sale
Contact for pricing
10 Oak St Unit 4, Needham, MA 02492
Compact professional workspace in downtown Needham near dining, banking, commuter rail, and major regional routes.
Property Size110 SF
Price / SF$4.77
Days on Market48
Property Features for 10 Oak St Unit 4
General Information
Standard status
Active
Size
110 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Public Transit
Yes
Building Details
Year Built
1925
Listing Agency:
Smith and Oak Real Estate Co.
Listed By:
Smith & Oak Greater Boston Group · License #49551
(855) 638-7698
Source:
Lockandkeyre
Added: Sep 8
Changed: Oct 23
Last Checked: Oct 24 at 6:13PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Smith and Oak Real Estate Co.
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Investment Insights
Based on property information with market context.
This private office unit contains approximately 110 square feet within a professional office setting at 10 Oak Street, Unit 4. The property dates to 1925 and provides a dedicated workspace for business operations or client meetings.
The office is positioned in Downtown Needham, with restaurants, coffee shops, banks, and local businesses located nearby. Needham Center Commuter Rail is accessible from the area, along with Route 128/I-95 and Route 9. Beth Israel Deaconess Hospital–Needham is also a short distance away.
The office is positioned in Downtown Needham, with restaurants, coffee shops, banks, and local businesses located nearby. Needham Center Commuter Rail is accessible from the area, along with Route 128/I-95 and Route 9. Beth Israel Deaconess Hospital–Needham is also a short distance away.
Key Highlights
- Approximately 110± sq. ft. private office
- 10 Oak Street, Unit 4, Needham, MA 02492
- 1925 building construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,414
Suggested Prices Based on Cap Rates
Cap Rate 5%
$48,280
$48.3K
Cap Rate 7%
$34,486
$34.5K
Cap Rate 9%
$26,822
$26.8K
Market Conditions
NOI Build-Up for 110 SF
Gross rent
$3.9K $35.04/SF
− Vacancy
−$636 −$5.78/SF
EGI
$3.2K $29.26/SF
− OpEx
−$805 −$7.31/SF
NOI
$2.4K $21.94/SF
Area
Norfolk County, MA
Vacancy
16.50%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$48,280
Cap Rate 7%
$34,486
Cap Rate 9%
$26,822
Alternative Uses
Best Use
Office B
$34.5K
$30.2K – $40.2K
NOI $2,414 @ 7.0% cap · market cap 459.81%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$65.1K
$57.0K – $76.0K
NOI $4,558 @ 7.0% cap · market cap 868.19%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 02492, MA
21,359
Population
7,500
Households
2.8
Avg Household Size
43
Median Age
84%
College-Educated
99%
High-School Grad
9.5 sq mi
ZIP Area
2,248
Density / Sq Mi
$222,063
Median Household Income
$96,040
Median Earnings
$2,256
Median Rent
$1,177,300
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Compact professional workspace in downtown Needham near dining, banking, commuter rail, and major regional routes.
Where is this office unit located?
The property is located at 10 Oak St Unit 4 Needham, MA.
What are key features of this property?
This property features: Approximately 110± sq. ft. private office; 10 Oak Street, Unit 4, Needham, MA 02492; 1925 building construction
