Renovated Office
For Sale
Contact for pricing
19 Brook Rd Unit 202, Needham, MA 02494
Flexible professional or creative workspace in a renovated office setting near regional highway access and restaurants.
Property Size915 SF
Price / SF$2.07
Days on Market100
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Property Features for 19 Brook Rd Unit 202
General Information
Standard status
Active
Size
915 SF
Elevators
No
Property subtype
Commercial
Additional Details
Highway Access
Yes
Building Details
Year Built
1949
Listing Agency:
JMJ Commercial Realty, Inc.
Listed By:
Joshua Seadia
(617) 605-5674
Source:
Lockandkeyre
Added: Jul 8
Changed: Oct 15
Last Checked: Oct 14 at 11:29PM
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 JMJ Commercial Realty, Inc.
Investment Insights
Based on property information with market context.
This 915-square-foot office unit is located in a building constructed in 1949 and has been renovated for professional or creative office use. The suite is on the second floor, and the building does not have an elevator.
The property is at 19 Brook Rd, Unit 202, in Needham, Massachusetts, with access to Route 95/128 and nearby restaurants.
The property is at 19 Brook Rd, Unit 202, in Needham, Massachusetts, with access to Route 95/128 and nearby restaurants.
Key Highlights
- 915 SF office unit
- Renovated for professional or creative office use
- Second‑floor location in a building without an elevator
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,079
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,580
$401.6K
Cap Rate 7%
$286,843
$286.8K
Cap Rate 9%
$223,100
$223.1K
Market Conditions
NOI Build-Up for 915 SF
Gross rent
$32.1K $35.04/SF
− Vacancy
−$5.3K −$5.78/SF
EGI
$26.8K $29.26/SF
− OpEx
−$6.7K −$7.31/SF
NOI
$20.1K $21.94/SF
Area
Norfolk County, MA
Vacancy
16.50%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$401,580
Cap Rate 7%
$286,843
Cap Rate 9%
$223,100
Alternative Uses
Best Use
Office B
$286.8K
$251.0K – $334.7K
NOI $20,079 @ 7.0% cap · market cap 1,059.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$541.7K
$474.0K – $632.0K
NOI $37,917 @ 7.0% cap · market cap 2,000.90%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,151
Businesses Nearby
Explore this area
Business Placement
Demographics for 02494, MA
10,732
Population
4,254
Households
2.5
Avg Household Size
43
Median Age
75%
College-Educated
95%
High-School Grad
2.8 sq mi
ZIP Area
3,833
Density / Sq Mi
$173,750
Median Household Income
$92,148
Median Earnings
$2,452
Median Rent
$1,052,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Flexible professional or creative workspace in a renovated office setting near regional highway access and restaurants.
Where is this office units located?
The property is located at 19 Brook Rd Unit 202 Needham, MA.
What are key features of this property?
This property features: 915 SF office unit; Renovated for professional or creative office use; Second‑floor location in a building without an elevator
