Ground-Level Mixed-Use
New
For Sale
Contact for pricing
109 Andrew Ave Unit 33, Wayland, MA 01778
The space can be arranged as one suite or divided into smaller areas.
Property Size3,000 SF
Days on Market6
Property Features for 109 Andrew Ave Unit 33
General Information
Standard status
Active
Size
3,000 SF
Property subtype
Commercial
Building Details
Year Built
2013
Listing Agency:
JMJ Commercial Realty, Inc.
Listed By:
Joshua Seadia
(617) 605-5674
Source:
Lockandkeyre
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:24PM
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 JMJ Commercial Realty, Inc.
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Investment Insights
Based on property information with market context.
This 3,000-square-foot, ground-floor suite combines office and service-retail use, with the option to subdivide the space. The building dates to 2013.
Within Wayland Town Center, the property is part of a setting with retail, dining, service businesses and medical offices. The center offers convenient access and ample parking.
Within Wayland Town Center, the property is part of a setting with retail, dining, service businesses and medical offices. The center offers convenient access and ample parking.
Key Highlights
- 3,000‑square‑foot ground‑floor suite
- Space can be subdivided
- Office and service‑retail configuration
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,118
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,360
$862.4K
Cap Rate 7%
$615,971
$616.0K
Cap Rate 9%
$479,089
$479.1K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$65.9K $21.96/SF
− Vacancy
−$4.3K −$1.43/SF
EGI
$61.6K $20.53/SF
− OpEx
−$18.5K −$6.16/SF
NOI
$43.1K $14.37/SF
Area
Middlesex County, MA
Vacancy
6.50%
Lease Rate
$21.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$862,360
Cap Rate 7%
$615,971
Cap Rate 9%
$479,089
Alternative Uses
Best Use
Mixed Use
$707.1K
$618.8K – $825.0K
NOI $49,500 @ 7.0% cap · market cap 4,950,000.00%
Second Best
Retail
$616.0K
$539.0K – $718.6K
NOI $43,118 @ 7.0% cap · market cap 4,311,800.00%
Theoretical Best
Office A
$1.78M
$1.55M – $2.07M
NOI $124,319 @ 7.0% cap · market cap 12,431,900.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
28k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 63%
Dining 18%
Home Improvements & Furnishings 15%
Beauty & Spa 4%
Stop & Shop
Groceries
17,765 visits/mo
0.1 miles
Giacomo's
Dining
5,040 visits/mo
0.1 miles
Ace - Wayland Home and Design
Home Improvements & Furnishings
4,284 visits/mo
0.1 miles
Elements Massage
Beauty & Spa
1,238 visits/mo
0.1 miles
Demographics for 01778, MA
14,132
Population
5,136
Households
2.8
Avg Household Size
45
Median Age
78%
College-Educated
98%
High-School Grad
15.0 sq mi
ZIP Area
942
Density / Sq Mi
$219,531
Median Household Income
$106,935
Median Earnings
$1,403
Median Rent
$935,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The space can be arranged as one suite or divided into smaller areas.
Where is this mixed-use property located?
The property is located at 109 Andrew Ave Unit 33 Wayland, MA.
What are key features of this property?
This property features: 3,000‑square‑foot ground‑floor suite; Space can be subdivided; Office and service‑retail configuration
