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

    392-410 University Ave Westwood, MA 02090

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

    Flex building near University Station with retail and transit access.

    Property size:
    4,663 SF
    Lot size:
    10.14 Acres

    Property Features for 392-410 University Ave

    General Information

    Size
    4,663 SF
    Lot size
    10.14 Acres

    We can help!

    Listing Contact
    Chuck Mcquade
    Chuck Mcquade
    Source: Moodyscre

    Listing Agent: Chuck Mcquade

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

    Learn more

    Overview

    Versatile Flex Building Near Amenities

    This single-story flex building, offering 4,663 square feet, is suitable for office, flex, or retail use. It features 18’4” clear ceiling heights and 30-40’ column spacing. The property includes multiple loading docks and convenient parking at the front and rear. Situated near the University Station lifestyle center development, the location provides close proximity to restaurants and retail establishments such as Wegmans, Lifetime Fitness, Target, Marshalls, PetSmart, HomeGoods, Not Your Average Joes, Chipotle, and Starbucks. The site is located near the Westwood Commuter Rail Station and Norwood Municipal Airport, with convenient access to Routes 128/I-95. It is also less than 1/2 mile from the recently added slip-ramp at I-95. Signage is available.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    RIMANA FOODS, Wegmans Catering, The Aipyn Catering

    Location Insight

    • Map
    • Local Demand
    City
    Westwood
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1550645
    Latitude
    42.1979015

    Nearby Similar for Lease

    • Contact for pricing
      3,195 SF

      Versatile Flex Buildings Near University

      Flex, office, or retail spaces near University Station.
      376-390 University Ave, Westwood, MA 02090
      View Details
    • Contact for pricing

      Versatile Flex Space Near Amenities

      Pristine flex/industrial space near major routes and shopping centers.
      Westwood, MA 02090
      View Details
    • Contact for pricing
      4,591 SF

      Versatile Flex Building Near Amenities

      Single-story flex building near University Station with convenient access.
      375-395 University Ave, Westwood, MA 02090
      View Details
    • $5 SF/Yr
      6,249 SF

      Westwood Office Space Available

      Flexible office solutions in Westwood, MA.
      315 University Ave, Westwood, MA 02090
      View Details
    • Contact for pricing
      3,720 SF

      Versatile Flex Buildings Near University

      Flex buildings suitable for office, retail, or flex use.
      348-374 University Ave, Westwood, MA 02090
      View Details
    • Contact for pricing
      8,364 SF

      Westwood Office Space For Lease

      Office space for lease with high visibility and easy access.
      1 University Ave, Westwood, MA 02090
      View Details
    • Contact for pricing
      195,690 SF

      Modern Office Space Sublease

      6,000 SF office space in University Station for sublease.
      101 Sta Dr, Westwood, MA 02090
      View Details
    • Contact for pricing
      1,500 SF

      Westwood Retail/Office Space Available

      Storefront and second-floor spaces with prominent signage and ample parking.
      545-549 High St, Westwood, MA 02090
      View Details
    • Contact for pricing
      29,834 SF

      Industrial/Flex Buildings on Route 1

      Two freestanding industrial/flex buildings near Route 1 and Route 128/95.
      60 Glacier Dr, Westwood, MA 02090
      View Details
    • Contact for pricing
      4,946 SF

      Modern Office Building Near Transit

      Two-story, 40,000 SF office building near University Station.
      80 University Ave, Westwood, MA 02090
      View Details
    • Contact for pricing
      829 SF

      Westwood Office Space For Rent

      829 SF office space with ample parking and signage.
      805 High St, Westwood, MA 02090
      View Details
    • Contact for pricing
      7,047 SF

      New Retail Space Available

      New construction retail space in a multi-family/retail center.
      22 Everett St, Westwood, MA 02090
      View Details

    FAQs

    What type of property is this?
    Flex space - Flex building near University Station with retail and transit access.
    Where is this flex space located?
    The property is located at 392-410 University Ave Westwood, MA.
    What are key features of this property?
    This property features: - Prime location steps from University Station lifestyle center with numerous restaurants and retail establishments (Wegmans, Lifetime Fitness, Target, etc.).; - Excellent access to Routes 128/I-95 and close proximity to Westwood Commuter Rail Station and Norwood Municipal Airport.; - Single-story flex building suitable for office, flex, or retail use.
    (508) 898-3800
    Request Owner's contact information
    392-410 University Ave Westwood, MA 02090
    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.
    392-410 University Ave
    Westwood, MA 02090
    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
    392-410 University Ave Westwood, MA 02090
    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
    Chuck Mcquade
    Chuck Mcquade
    (508) 898-3800
    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.