Second-Floor Medical Office
New
For Sale
Contact for pricing
109 Andrew Ave Unit 38, Wayland, MA 01778
A 2013-built suite sits in a mixed-use center with shopping, dining, services, and medical offices.
Property Size1,171 SF
Days on Market6
Property Features for 109 Andrew Ave Unit 38
General Information
Standard status
Active
Size
1,171 SF
Elevators
Yes
Property subtype
Commercial
Additional Details
Floor
2
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 2:45PM
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 1,171-square-foot medical office suite occupies the second floor of a building completed in 2013. An elevator serves the floor, and the property is part of Wayland Town Center, a mixed-use destination with retail, dining, services, and medical offices.
The center offers easy access and ample parking, supporting visits for appointments, errands, and meals.
The center offers easy access and ample parking, supporting visits for appointments, errands, and meals.
Key Highlights
- 1,171‑square‑foot second‑floor suite
- Elevator‑served building constructed in 2013
- Located within Wayland Town Center, alongside shopping, dining, services, and medical offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,991
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,820
$679.8K
Cap Rate 7%
$485,586
$485.6K
Cap Rate 9%
$377,678
$377.7K
Market Conditions
NOI Build-Up for 1,171 SF
Gross rent
$63.8K $54.48/SF
− Vacancy
−$7.1K −$6.10/SF
EGI
$56.7K $48.38/SF
− OpEx
−$22.7K −$19.35/SF
NOI
$34.0K $29.03/SF
Area
Middlesex County, MA
Vacancy
11.20%
Lease Rate
$54.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$679,820
Cap Rate 7%
$485,586
Cap Rate 9%
$377,678
Alternative Uses
Best Use
Office B
$530.8K
$464.5K – $619.3K
NOI $37,156 @ 7.0% cap · market cap 3,715,600.00%
Second Best
Healthcare Medical
$485.6K
$424.9K – $566.5K
NOI $33,991 @ 7.0% cap · market cap 3,399,100.00%
Theoretical Best
Office A
$693.2K
$606.6K – $808.8K
NOI $48,526 @ 7.0% cap · market cap 4,852,600.00%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
347
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Silk Veterinary Hospital — 9 Pelham Island Rd, Wayland, MA 01778
- ADAvet Veterinary Clinic — 84 Andrew Ave, Wayland, MA 01778
Frequently Asked Questions
What type of property is this?
Medical Office Space - A 2013-built suite sits in a mixed-use center with shopping, dining, services, and medical offices.
Where is this medical office space located?
The property is located at 109 Andrew Ave Unit 38 Wayland, MA.
What are key features of this property?
This property features: 1,171‑square‑foot second‑floor suite; Elevator‑served building constructed in 2013; Located within Wayland Town Center, alongside shopping, dining, services, and medical offices
