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

    245 W Central St Natick, MA 01760

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Industrial/flex space with modern amenities and convenient access to transportation.

    Property size:
    44,950 SF
    Lot size:
    44,950 SF

    Property Features for 245 W Central St

    General Information

    Size
    44,950 SF

    Building Details

    Year built
    1960

    We can help!

    Listing Contact
    Matthew Cuneo
    Source: Naiglobal

    Listing Agent: Matthew Cuneo

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

    Learn more

    Property Insight Report

    Overview

    Industrial Space Near West Natick

    Located next to the West Natick train stop, the property at 245 W Central St in Natick, MA, offers a versatile space suitable for various business requirements. The property features modern amenities and fixtures, flexible floor plans for customizable layouts, and ample parking for employees and visitors. The well-maintained interior includes spacious work areas. The location provides high visibility from major roadways and convenient access to the West Natick train stop. The property is ideal for industrial tenants and offers a dynamic environment with convenient access to public transportation and a variety of nearby attractions. Frontage and potential signage opportunities are available along Route 135, offering an excellent opportunity to establish a strong business presence in a prime location. The property's size is 44950 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Newton Distributing Company Distribution Service METfit Gym Coach Ron Drago ... Personal Trainer REAL Martial arts Martial Arts School D13 Group Manufacturer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Natick
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3895805
    Latitude
    42.2825274

    Nearby Similar for Lease

    • Contact for pricing
      27,000 SF

      Natick Office Space for Lease

      2,090 SF office space in a renovated building.
      5 Commonwealth Rd, Natick, MA 01760
      View Details
    • $15 SF/Yr
      1,410 SF

      Natick Office Space Sublease Opportunity

      Modern office suites available for sublease in Natick, Massachusetts.
      7-11 Huron Dr, Natick, MA 01760
      View Details
    • Contact for pricing
      3,202 SF

      Retail Space in Sherwood Plaza

      Retail space available in a high-traffic shopping center.
      1272 Worcester St, Natick, MA 01760
      View Details
    • Contact for pricing
      8,008 SF

      Retail Space in Sherwood Plaza

      Retail property for lease in a high-traffic shopping center.
      1276-1290 Worcester St, Natick, MA 01760
      View Details
    • Contact for pricing
      3,614 SF

      Route 9 Retail Space Available

      Middlesex County Shopping Center - 3,614 SF
      821-861 Worcester Rd, Natick, MA 01760
      View Details
    • Contact for pricing
      9,000 SF

      Natick Medical Office Space For Lease

      Prime Natick location, 9,000 SF medical office.
      69 Central St, Natick, MA 01760
      View Details
    • $28 SF/Yr
      107,349 SF

      Prime Natick Executive Office Space

      Class A Office Suites, Natick, MA
      24 Superior Dr, Natick, MA 01760
      View Details
    • Contact for pricing

      Retail, Medical, Office Space Available

      First floor retail, medical, and office space for lease.
      69 East Central St, Natick, MA 01760
      View Details
    • Contact for pricing
      2,327 SF

      Prime Natick Retail Space

      2,327 SF Retail Space - Available Now
      138 Worcester St, Natick, MA 01760
      View Details
    • Contact for pricing
      3,380 SF

      Natick Retail Space - Main Street

      Prime Natick retail space, 3,380 sq ft.
      219 Main St, Natick, MA 01760
      View Details
    • $1,300 /Mo

      Natick Office Space For Rent

      Flexible office space in Natick, minutes from amenities.
      75 Middlesex Ave, Natick, MA 01760
      View Details
    • Contact for pricing
      23,447 SF

      Natick Industrial Building with Storage

      23,447 SF industrial building with outdoor storage in Natick.
      203 W Central St, Natick, MA 01760
      View Details

    FAQs

    What type of property is this?
    Industrial property - Industrial/flex space with modern amenities and convenient access to transportation.
    Where is this industrial property located?
    The property is located at 245 W Central St Natick, MA.
    What are key features of this property?
    This property features: - Prime location next to the West Natick train stop and adjacent to Natick Mall.; - High visibility from major roadways and frontage/signage opportunities on Route 135.; - Ample parking for employees and visitors.
    (774) 217-2684
    Request Owner's contact information
    245 W Central St Natick, MA 01760
    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.
    245 W Central St
    Natick, MA 01760
    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
    245 W Central St Natick, MA 01760
    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
    Matthew Cuneo
    (774) 217-2684
    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.