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

    103 Central St, Unit A Wellesley, MA 02482

    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1.00 SF/Yr

    2,103 SF office space in a walkable location.

    Lot size:
    0.24 Acres

    Property Features for 103 Central St

    General Information

    Lot size
    0.24 Acres

    Building Details

    Year built
    1830

    We can help!

    Listing Contact
    Michael Hartwick
    Source: Elliman

    Listing Agent: Michael Hartwick

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

    Learn more

    Property Insight Report

    Overview

    Professional Office Space Available

    Suite A provides approximately 2,103 square feet of professional office space. The space is suitable for a boutique firm, medical practice, or service-based tenant. The location is highly visible and walkable. The layout includes private offices, an open workspace, and a reception area. The suite benefits from ample natural light and prominent frontage along Central Street.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Jacob Lilley Architects, ... Architect Stuart Swan Furniture ... Furniture Store MRA Local Medical Services Flying Kites Store Sashya Thind Interior Designer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wellesley
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2988569
    Latitude
    42.2961201

    Nearby Similar for Lease

    • Contact for pricing
      3,732 SF

      Upscale Retail Space in Wellesley

      Luxury apartment complex retail space with high visibility and accessibility.
      40 William St, Wellesley, MA 02481
      View Details
    • Contact for pricing

      Luxury Apartments with Retail Space

      Upscale apartments with prominent retail space in Wellesley, Massachusetts.
      40 William St, Wellesley, MA 02481
      View Details
    • $35 SF/Yr
      5,150 SF

      Wellesley Office Building with River Views

      Four-story office building with Charles River views and ample parking.
      15 Walnut St, Wellesley, MA 02481
      View Details
    • Contact for pricing
      1,879 SF

      Wellesley Hills Office Space Available

      Office/medical space for lease in David Nassif Office Park.
      195 Worcester St, Wellesley Hills, MA 02481
      View Details
    • Contact for pricing
      11,284 SF

      Wellesley Square Retail Opportunity

      Prime Wellesley location, multiple suites available.
      25-35 Central St, Wellesley, MA 02482
      View Details
    • Contact for pricing
      50,588 SF

      Wellesley Office Suites: Prime Location

      Boutique office spaces in desirable Wellesley, MA.
      40 Grove St, Wellesley, MA 02482
      View Details
    • Contact for pricing
      696 SF

      Renovated Mill Building Office Space

      Office suites in renovated historic mill building near Charles River.
      37 Walnut St, Wellesley, MA 02481
      View Details
    • Contact for pricing
      6,047 SF

      Wellesley Square Retail Opportunity

      High-end Wellesley retail space available.
      53-61 Central St, Wellesley, MA 02482
      View Details
    • Contact for pricing
      6,030 SF

      Wellesley Medical Office Park

      Prime Wellesley medical suites available.
      165 Worcester St, Wellesley, MA 02481
      View Details
    • Contact for pricing
      50,339 SF

      Wellesley Retail Space Available

      Prime Wellesley location, multiple suites, ample parking.
      74-102 Central St, Wellesley, MA 02482
      View Details
    • Contact for pricing
      1,000 SF

      Two-Story Office Building for Lease

      Two-story office building with many windows and nearby amenities.
      51 River St, Wellesley Hills, MA 02481
      View Details
    • $1,500 /Mo
      4,720 SF

      Route 16 Office Space Available

      Finished office space for rent in a visible building.
      462 Washington St, Wellesley, MA 02482
      View Details

    FAQs

    What type of property is this?
    Office space - 2,103 SF office space in a walkable location.
    Where is this office space located?
    The property is located at 103 Central St, Unit A Wellesley, MA.
    What is the lease rate?
    The lease rate is $1.00 SF/Yr.
    What are key features of this property?
    This property features: - Highly visible and walkable location on Central Street.; - Approximately 2,103 square feet of professional office space.; - Ideal for a boutique firm, medical, or service-based tenant.
    (617) 426-6900
    Request Owner's contact information
    103 Central St, Unit A Wellesley, MA 02482
    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.
    103 Central St, Unit A
    Wellesley, MA 02482
    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
    103 Central St, Unit A Wellesley, MA 02482
    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
    Michael Hartwick
    (617) 426-6900
    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.