Subdividable Office
For Sale
Contact for pricing
109-123 Highland Avenue, Needham, MA 02494
Office space offers 3,597 SF and can be subdivided to approximately 1,500 SF.
Property Size3,513 SF
Price / SF$0.01
Days on Market201
Property Features for 109-123 Highland Avenue
General Information
Standard status
Active
Size
3,513 SF
Property subtype
Commercial
Zoning
1
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$1.00
Building Details
Building Size
3,513 SF
Year Built
1974
Listing Agency:
128 CRE
Listed By:
Jeremy Freid · License #9089542-RE-B
(617) 916-1028
Source:
Churchillprop
Added: Apr 8
Changed: Oct 10
Last Checked: Oct 24 at 2:55PM
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 128 CRE
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This for-sale office space provides 3,597 SF and is subdividable down to approximately 1,500 SF. The flexibility in unit size supports a range of office occupancy needs.
The property is located at 109-123 Highland Avenue in Needham, Massachusetts.
A portion of the space may be configured for smaller operations based on the stated subdividing potential.
The property is located at 109-123 Highland Avenue in Needham, Massachusetts.
A portion of the space may be configured for smaller operations based on the stated subdividing potential.
Key Highlights
- Office space for lease offers 3,597 SF of available space
- Space can be subdivided to approximately 1,500 SF
- Year built: 1974
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$78,932
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,578,640
$1.6M
Cap Rate 7%
$1,127,600
$1.1M
Cap Rate 9%
$877,022
$877.0K
Market Conditions
NOI Build-Up for 3,597 SF
Gross rent
$126.0K $35.04/SF
− Vacancy
−$20.8K −$5.78/SF
EGI
$105.2K $29.26/SF
− OpEx
−$26.3K −$7.31/SF
NOI
$78.9K $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%
$1,578,640
Cap Rate 7%
$1,127,600
Cap Rate 9%
$877,022
Alternative Uses
Best Use
Office B
$1.13M
$986.7K – $1.32M
NOI $78,932 @ 7.0% cap · market cap 303,584.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.13M
$1.86M – $2.48M
NOI $149,059 @ 7.0% cap · market cap 573,303.85%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,956
Businesses Nearby
Explore this area
Business Placement
Demographics for 02494, MA
10,732
Population
4,254
Households
2.5
Avg Household Size
43
Median Age
75%
College-Educated
95%
High-School Grad
2.8 sq mi
ZIP Area
3,833
Density / Sq Mi
$173,750
Median Household Income
$92,148
Median Earnings
$2,452
Median Rent
$1,052,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Office space offers 3,597 SF and can be subdivided to approximately 1,500 SF.
Where is this office unit located?
The property is located at 109-123 Highland Avenue Needham, MA.
What are key features of this property?
This property features: Office space for lease offers 3,597 SF of available space; Space can be subdivided to approximately 1,500 SF; Year built: 1974
