Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers

    15 Pacella Park Dr Randolph, MA

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

    7,190 SF office space available for sublease near Boston.

    Type:OFFICE
    Property size:
    7,190 SF
    Lot size:
    3.62 Acres
    Added:
    Jan 25, 2023
    Days on Market:
    1196
    Last Refresh:
    Apr 5 at 10:19 pm

    Property Features for 15 Pacella Park Dr

    General Information

    Standard status
    Active
    Size
    7,190 SF
    Lot size
    3.62 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 15 Pacella Park Dr Contact us

    We can help!

    Listing Contact
    Dave Ellis
    Dave Ellis

    Listing agent Dave Ellis

    Listing office Ellis Realty Advisors

    Listing date Jan 25, 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 Ellis Realty Advisors

    Overview

    Plug and Play Office Sublease

    This 7,190 square foot office space is available for sublease. Located on the first floor, the layout includes approximately nine private offices, a break room, an entry area, and a bullpen area. The space is available as plug and play or fully vacated. It can be combined with an additional 16,326 square feet of open floor plan office space across the hall, offering a total of 23,516 square feet. The sublease has over four years remaining. The property is situated in a suburban location within 15 miles of downtown Boston, with convenient access to I-93, Route 28, Route 24, and the MBTA commuter rail.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Kesner, Godes & Morrissey, ... Accounting Firm Risk Strategies Co Insurance Agency Richelieu Foods Inc Corporate Office Jean M. Carney, ... Physician Peak Physical Therapy ... Medical Clinic

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0518
    Latitude
    42.2045

    Nearby Similar for Lease

    • Contact for pricing

      Flex Space with Mezzanine Level

      Flex space available for lease with mezzanine level and bath.
      907 North 102, Randolph, MA 02368
      View Details
    • Contact for pricing

      Retail Space in Randolph Center

      Retail space in a high-traffic Randolph shopping center.
      19 Memorial Pkwy, Randolph, MA
      View Details
    • Contact for pricing

      Industrial/Flex Space Near Route 24

      20,725 SF industrial/flex space, easily accessible near Route 24.
      Randolph, MA 02368
      View Details
    • Contact for pricing

      Randolph Warehouse Facility For Rent

      Single-story warehouse near Route 128 with plant and office space.
      67 Pacella Park Dr, Randolph, MA
      View Details
    • Contact for pricing

      Randolph Industrial Park Flex Space

      Versatile industrial spaces with modern infrastructure and strategic connectivity.
      48-52 Teed Dr, Randolph, MA
      View Details
    • Contact for pricing

      Industrial Space Available for Sublease

      88,600 SF industrial space available for sublease.
      100 Mazzeo Dr, Randolph, MA
      View Details
    • Contact for pricing

      Versatile Industrial Spaces For Rent

      Industrial spaces with loading docks, ideal for warehousing and manufacturing.
      29-39 Teed Dr, Randolph, MA
      View Details
    • Contact for pricing

      Industrial Space in York Park

      Industrial space for rent in Randolph, Massachusetts.
      89 York Ave, Randolph, MA
      View Details
    • Contact for pricing

      Industrial Space in York Park

      Industrial property for rent in York Industrial Park.
      81-87 York Ave, Randolph, MA
      View Details
    • Contact for pricing

      Industrial Space in York Park

      Industrial property for rent in Randolph, Massachusetts.
      75 York Ave, Randolph, MA
      View Details
    • Contact for pricing

      Free Standing Retail Building

      Retail property with full basement and parking in Randolph.
      603 S Main St, Randolph, MA
      View Details
    • Contact for pricing

      Randolph Industrial/Flex Space Available

      20,725 SF industrial/flex space available for lease in Randolph.
      128 York Ave, Randolph, MA
      View Details

    FAQs

    What type of property is this?
    Office units - 7,190 SF office space available for sublease near Boston.
    Where is this office units located?
    The property is located at 15 Pacella Park Dr Randolph, MA.
    What are key features of this property?
    This property features: Plug and Play office space available; Sublease with 4+ Years Left; Easy access to I‑93, Rt 28, Rt 24, and MBTA commuter rail
    (781) 919-0800 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Dave Ellis
    Dave Ellis
    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
    15 Pacella Park Dr, Randolph, 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!