Building Details

Year Built 1961

Listing Agency: Thumbprint Realty, LLC Show Phone

Listed By: Huguens Pierre-Charles Show Phone

Source: Corcoran

Added: Oct 11, 2025 Changed: Oct 13 Last Checked: Oct 16 at 8:57AM

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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 Thumbprint Realty, LLC

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Investment Insights

Based on property information with market context.

Located at 106 River Street in East Dedham, this renovated industrial building offers 3,756 square feet of space on a 0.31-acre lot. The property features 111 feet of street frontage and high curb visibility. Previously occupied by a restoration and cleaning company and a custom car wrap studio, the building is suitable for specialty auto, a luxury car wash, or a creative workshop. The property is zoned LM for light industrial use. The building's exterior is constructed of concrete and brick. The interior provides a functional layout. The property includes three drive-in bays, updated systems, and on-site parking for over 12 vehicles. High bay ceilings and a flood-free zone are additional features.

Key Highlights

• 3,756 SF renovated industrial building on a 0.31‑acre lot
• Three functional drive‑in bays and high bay ceilings
• Zoned LM for light industrial use, suitable for various businesses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$64,453

Cap Rate

4.08%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,289,060 $1.3M

Cap Rate 7%

$920,757 $920.8K

Cap Rate 9%

$716,144 $716.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 3,756 SF

Gross rent

$112.7K $30.00/SF

− Vacancy

−$13.5K −$3.60/SF

EGI

$99.2K $26.40/SF

− OpEx

−$34.7K −$9.24/SF

NOI

$64.5K $17.16/SF

Area

Norfolk County, MA

Vacancy

12.00%

Lease Rate

$30.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,289,060

Cap Rate 7%

$920,757

Cap Rate 9%

$716,144

Alternative Uses

Best Use

Flex RnD

$920.8K

$805.7K – $1.07M (±1% cap)

NOI $64,453 @ 7.0% cap · market cap 4.08%

Second Best

Industrial

$570.7K

$499.4K – $665.9K (±1% cap)

NOI $39,952 @ 7.0% cap · market cap 2.53%

Theoretical Best

Office A

$2.22M

$1.95M – $2.59M (±1% cap)

NOI $155,648 @ 7.0% cap · market cap 9.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

A.S.P.I Motor Cars ... Auto Repair Shop Optimum Car Care Auto Repair Shop

Suggested Use

Top Pick Real Estate Agency Law Firm Restaurant Dental Office Spa & Massage Center Hair Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

508

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 02026, MA

25,364

Population

10,648

Households

2.4

Avg Household Size

43

Median Age

55%

College-Educated

94%

High-School Grad

10.3 sq mi

ZIP Area

2,463

Density / Sq Mi

$124,375

Median Household Income

$74,594

Median Earnings

$2,058

Median Rent

$630,400

Median Home Value

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - Versatile 3,756 SF building suitable for various business ventures.

Where is this flex space located?

The property is located at 106 River St Dedham, MA.

What is the asking price?

The asking price for this property is $1,580,000.

What are key features of this property?

This property features: 3,756 SF renovated industrial building on a 0.31‑acre lot; Three functional drive‑in bays and high bay ceilings; Zoned LM for light industrial use, suitable for various businesses