Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    515 Providence Hwy, Unit 105 Dedham, MA 02026

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,500 /Mo ($22 SF/Yr)

    Bright office suites in a convenient Dedham location for rent.

    Property size:
    800 SF
    Lot size:
    800 SF

    Property Features for 515 Providence Hwy

    General Information

    Standard status
    Active
    Size
    800 SF

    Building Details

    Year built
    1961

    We can help!

    Listing Contact
    Team Uranus
    Source: Corcoran

    Listing Agent: Team Uranus

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Prime Dedham Office Space Available

    Office suites are available for rent in a prime Dedham location. The suites are bright and spacious and accessible by elevator. The property is located steps away from Dedham Center and the Courthouse, and approximately 0.5 miles from Route 128/I-95. Available units include Unit 104, Unit 105, and Unit 201. The property is located at 515 Providence Highway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Identogo Fingerprinting Service Myopain Solutions LLC Physical Fitness Program Myotech Massage Therapist Lightwave Facials Skin Care Clinic School of Wheels Driving School

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dedham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.172724
    Latitude
    42.2463911

    Nearby Similar for Lease

    • Contact for pricing
      60,787 SF

      First-Class Office Building in Dedham

      160,910 SF office building near Legacy Place and transit.
      3 Allied Dr, Dedham, MA 02026
      View Details
    • Contact for pricing
      1,000 SF

      Class A Office Building

      Three-story Class A office building near Legacy Place and transit.
      333 Elm St, Dedham, MA 02026
      View Details
    • Contact for pricing
      511,097 SF

      Dedham Pointe Retail Space Available

      Prime Norfolk County retail space, multiple units.
      0 Providence Hwy & Washington St, Dedham, MA 02026
      View Details
    • Contact for pricing
      249,000 SF

      Dedham Plaza Retail Center

      Prime Dedham retail space available.
      747 Providence Hwy, Dedham, MA 02026
      View Details
    • $35 SF/Yr
      17,400 SF

      Prime Dedham Retail Space

      17,400 SF Free-Standing Retail Building
      530 Providence Hwy, Dedham, MA 02026
      View Details
    • Contact for pricing
      20,090 SF

      Dedham Retail Center: Prime Location

      High-traffic retail space available in Dedham, MA.
      870-890 Providence Hwy, Dedham, MA 02026
      View Details
    • Contact for pricing
      26,100 SF

      Dedham Retail Space For Lease

      High-traffic location, 5,014 sq ft available.
      888 Providence Hwy, Dedham, MA 02026
      View Details
    • Contact for pricing
      21,000 SF

      Dedham Mall Retail Space Available

      Prime Dedham retail space, multiple suites.
      300 Providence Hwy, Dedham, MA 02026
      View Details
    • Contact for pricing
      2,982 SF

      Retail Space in Dedham Pointe

      Open-air shopping destination in Dedham, Massachusetts, anchored by grocery.
      300-302 Providence Hwy, Dedham, MA 02026
      View Details
    • Contact for pricing
      800 SF

      Retail/Medical Space in Dedham Square

      Renovated retail/medical space near CVS and major routes.
      402 Washington St, Dedham, MA 02026
      View Details
    • Contact for pricing
      1,500 SF

      Retail Space in CVS Anchored Center

      Retail spaces available in busy, highly visible Dedham plaza.
      234-270 Bussey St, Dedham, MA 02026
      View Details
    • Contact for pricing

      Prime Retail Endcap on Route 1

      Signalized endcap location near Legacy Place and Costco.
      865 Providence Hwy, Dedham, MA 02026
      View Details

    FAQs

    What type of property is this?
    Office space - Bright office suites in a convenient Dedham location for rent.
    Where is this office space located?
    The property is located at 515 Providence Hwy, Unit 105 Dedham, MA.
    What is the lease rate?
    The lease rate is $22 SF/Yr.
    What are key features of this property?
    This property features: - Prime Dedham location near Dedham Center and the Courthouse.; - Easy access to Route 128/I-95 (½ mile).; - Bright, spacious office suites available.
    Request Owner's contact information
    515 Providence Hwy, Unit 105 Dedham, MA 02026
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    515 Providence Hwy, Unit 105
    Dedham, MA 02026
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    515 Providence Hwy, Unit 105 Dedham, MA 02026
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Team Uranus
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.