Second-Floor Office
For Sale
Contact for pricing
1349 Centre Unit 2, Newton, MA 02459
Flexible layout accommodates private offices, conference rooms, and professional or wellness-oriented business uses.
Property Size1,400 SF
Price / SF$2.14
Days on Market68
Property Features for 1349 Centre Unit 2
General Information
Standard status
Active
Size
1,400 SF
Property subtype
Commercial
Additional Details
Floor
2
Amenities
signage opportunities
Building Details
Year Built
1983
Listing Agency:
CRG Commercial
(617) 393-4200
Listed By:
John Nachtwey
(617) 719-2026
Source:
Lockandkeyre
Added: Aug 20
Changed: Oct 25
Last Checked: Aug 24 at 3:05AM
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 CRG Commercial
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Investment Insights
Based on property information with market context.
This 1,400-square-foot second-floor office unit at 1349 Centre Unit 2 provides a flexible commercial layout for a range of professional operations. The suite currently supports four to six private offices and/or conference rooms, allowing the interior arrangement to accommodate different workspace requirements. The property was built in 1983 and offers signage opportunities associated with its location within Newton Centre.
The suite has a documented history of occupancy by day spas and related wellness businesses. The existing configuration can support professional offices, medical or wellness practices, counseling services, beauty-related businesses, and other commercial applications identified for the space. An option to lease the entire floor is also noted.
The suite has a documented history of occupancy by day spas and related wellness businesses. The existing configuration can support professional offices, medical or wellness practices, counseling services, beauty-related businesses, and other commercial applications identified for the space. An option to lease the entire floor is also noted.
Key Highlights
- 1,400‑square‑foot second‑floor office unit
- Current layout supports 4‑6 private offices and/or conference rooms
- Located at 1349 Centre Unit 2 in Newton Centre
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,638
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,760
$812.8K
Cap Rate 7%
$580,543
$580.5K
Cap Rate 9%
$451,533
$451.5K
Market Conditions
NOI Build-Up for 1,400 SF
Gross rent
$76.3K $54.48/SF
− Vacancy
−$8.5K −$6.10/SF
EGI
$67.7K $48.38/SF
− OpEx
−$27.1K −$19.35/SF
NOI
$40.6K $29.03/SF
Area
Middlesex County, MA
Vacancy
11.20%
Lease Rate
$54.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$812,760
Cap Rate 7%
$580,543
Cap Rate 9%
$451,533
Alternative Uses
Best Use
Office B
$634.6K
$555.3K – $740.4K
NOI $44,423 @ 7.0% cap · market cap 1,480.77%
Second Best
Healthcare Medical
$580.5K
$508.0K – $677.3K
NOI $40,638 @ 7.0% cap · market cap 1,354.60%
Theoretical Best
Office A
$828.8K
$725.2K – $966.9K
NOI $58,016 @ 7.0% cap · market cap 1,933.87%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,015
Businesses Nearby
Explore this area
Business Placement
Demographics for 02459, MA
19,017
Population
6,828
Households
2.8
Avg Household Size
44
Median Age
84%
College-Educated
98%
High-School Grad
5.0 sq mi
ZIP Area
3,803
Density / Sq Mi
$214,941
Median Household Income
$87,409
Median Earnings
$2,308
Median Rent
$1,336,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Flexible layout accommodates private offices, conference rooms, and professional or wellness-oriented business uses.
Where is this office unit located?
The property is located at 1349 Centre Unit 2 Newton, MA.
What are key features of this property?
This property features: 1,400‑square‑foot second‑floor office unit; Current layout supports 4‑6 private offices and/or conference rooms; Located at 1349 Centre Unit 2 in Newton Centre
