Add Listing
    For Lease
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    402 Washington St Dedham, MA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Renovated retail/medical space near CVS and major routes.

    Type:OFFICE
    Property size:
    800 SF
    Lot size:
    0.23 Acres
    Added:
    Nov 22, 2023
    Days on Market:
    894
    Last Refresh:
    Apr 5 at 11:24 pm

    Property Features for 402 Washington St

    General Information

    Standard status
    Active
    Size
    800 SF
    Lot size
    0.23 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 402 Washington St Contact us

    We can help!

    Listing Contact
    Bobby Burke

    Listing agent Bobby Burke

    Listing office American Commercial Real Estate

    Listing date Nov 22, 2023

    Source Moodyscre

    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 American Commercial Real Estate

    Overview

    Retail/Medical Space in Dedham Square

    The property, formerly a bank site, is undergoing renovation to accommodate retail, medical, or professional tenants. Located in the heart of Dedham Square and directly adjacent to a CVS, the available space includes a 1,730 square foot area on the first floor, complemented by an 800 square foot basement that includes bathrooms, suitable for additional workspace. The property provides 21 on-site parking spaces, with supplementary municipal and on-street parking options available. Its location offers convenient access to Route 128/I-95, Route 1, and the VFW Parkway.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Hair Salon Dental Office Nail Salon Building Supply Daycare Center Gym & Fitness Center

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

    Similar Places Nearby

    • Animed Pet Hospital — 592 Providence Hwy, Dedham, MA 02026
    • Petco Vaccination Clinic — 550 Providence Hwy, Dedham, MA 02026
    • Vetco Total Care Animal Hospital — 550 Providence Hwy, Dedham, MA 02026

    Location Insight

    • Map
    • Local Demand
    City
    Dedham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1738
    Latitude
    42.2472

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      Dedham Place

      3 Allied Dr, Unit 303, Dedham, MA 02026
      View Details
    • Contact for pricing

      Former Restaurant Space on Route 1

      6,250 SF restaurant space available for lease on Route 1.
      300 Providence Highway, Dedham, MA 02026
      View Details
    • Contact for pricing

      Class A Office Building

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

      Retail Pad Site Available

      Retail pad site for lease, delivery Fall 2025.
      Dedham, MA 02026
      View Details
    • Contact for pricing

      Retail Space on Bridge Street

      Retail space for lease near major retailers and highways.
      80-92 Bridge St, Dedham, MA
      View Details
    • Contact for pricing

      Dedham Office Space For Rent

      Office space available near retailers and public transportation.
      247 Bussey St, Dedham, MA
      View Details
    • Contact for pricing

      Retail Space Available For Rent

      Retail spaces available, ranging from 6,250 to 140,000 SqFt.
      300 Providence Highway, Dedham, MA 02026
      View Details
    • Contact for pricing

      Restaurant and Retail Space Available

      Restaurant and retail spaces available for lease.
      750 Providence Highway, Dedham, MA
      View Details
    • Contact for pricing

      Retail Space on Route 1

      Retail space with high visibility on a busy corridor.
      456 Providence Hwy, Dedham, MA
      View Details
    • Contact for pricing

      Dedham Office Building For Lease

      60,000 SF office building with furnished suites available.
      886-888 Washington St, Dedham, MA
      View Details
    • Contact for pricing

      New Retail/Office Space Available

      Newly built-out retail/office space near Legacy Place and I-95.
      910-926 Providence Hwy, Dedham, MA
      View Details
    • Contact for pricing

      Dedham Office Space Available

      Three-story office building in Dedham, Massachusetts, available for rent.
      980-990 Washington St, Dedham, MA
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - Renovated retail/medical space near CVS and major routes.
    Where is this medical office space located?
    The property is located at 402 Washington St Dedham, MA.
    What are key features of this property?
    This property features: Prime location in the heart of Dedham Square, directly adjacent to CVS.; Ample parking with **21 on‑site spaces**, plus municipal and street parking.; Versatile space suitable for retail, medical, or professional use.
    (508) 479-5294 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Bobby Burke
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry

    402 Washington St, Dedham, MA

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!