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

    245 W Central St Natick, MA 1760

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Modern flex space near West Natick train stop.

    Type:Industrial
    Added:
    Mar 6, 2026
    Days on Market:
    26
    Last Refresh:
    Mar 26 at 11:00 pm

    Property Features for 245 W Central St

    General Information

    Standard status
    Active
    Property subtype
    Industrial

    Building Details

    Year Built
    1960

    Spaces For Lease

    at 245 W Central St Contact us

    We can help!

    Listing Contact
    Victor Galvani
    Victor Galvani

    Listing agent Victor Galvani

    Listing office NAI | Parsons Commercial Group - Boston

    Listing date Mar 6, 2026

    Source Naiglobal

    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 NAI | Parsons Commercial Group - Boston

    Overview

    Prime Natick Commercial Space

    Located next to the West Natick train stop, the property at 245 W Central St, Natick, MA, offers modern amenities and flexible floor plans suitable for various business requirements. The well-maintained interior features spacious work areas, and ample parking is available for employees and visitors. The location provides high visibility from major roadways and convenient access to the train stop. The property is suitable for industrial tenants and offers frontage and potential signage opportunities along Route 135. The location is adjacent to the Natick Mall and provides convenient access to public transportation and nearby attractions, making it a prime location for establishing a strong business presence.
    Location Intelligence

    Current Use by Public Records

    Newton Distributing Company Distribution Center METfit Gym & Fitness Center Coach Ron Drago ... Gym & Fitness Center REAL Martial arts Training Center D13 Group Industrial Manufacturer

    Suggested Use

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

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

    Similar Places Nearby

    • Calla Catering and Events LLC — 179 W Central St Suite #2, Natick, MA 01760

    Location Insight

    • Map
    • Local Demand
    City
    Natick
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3896
    Latitude
    42.2825

    Nearby Similar for Lease

    • $19/mo

      Natick Center Office Suite

      Sub-leasable office suite in Natick Center with collaborative workspace.
      34 Main St #3, Natick, MA 01760
      View Details
    • $38/mo

      Retail Space Near Natick Mall

      3,775 SF retail space with salon and spa.
      321 Speen St, Natick, MA 01760
      View Details
    • Contact for pricing

      Natick Office Space For Rent

      Flexible office space in Natick, minutes from amenities.
      75 Middlesex Ave, Natick, MA 01760
      View Details
    • Contact for pricing

      Natick Office/Medical Space Available

      Office/medical space for lease in Natick, Massachusetts.
      67 Union Street, Natick, MA 01760
      View Details
    • $20/mo

      Natick Center Retail Space Available

      Spacious retail space in historic Natick Center, potential for restaurant.
      25 Main St, Natick, MA 01760
      View Details
    • Contact for pricing

      Landmark Building in Downtown Natick

      Prime retail and office spaces in a signature building.
      2 Summer Street, Natick, MA 01760
      View Details
    • Contact for pricing

      Retail, Medical, Office Space Available

      First floor retail, medical, and office space for lease.
      69 East Central Street, Natick, MA 01760
      View Details
    • Contact for pricing

      Two Standalone Office Buildings For Rent

      Two office buildings on a corner lot available for lease.
      180 W Central Street, Natick, MA 01760
      View Details
    • Contact for pricing

      Natick Office Space for Lease

      2,090 SF office space in a renovated building.
      5 Commonwealth Road, Natick, MA 01760
      View Details
    • Contact for pricing

      Natick Medical Office Space

      Medical office space available in downtown Natick.
      12 West Central Street, Natick, MA 01760
      View Details
    • Contact for pricing

      Natick Center Commercial Space Available

      Lower level commercial space in Natick Center, ideal for office.
      31 S Main St #B2, Natick, MA 01760
      View Details
    • Contact for pricing

      Office/Retail Space on Route 16

      1,200 SF office/retail space with street access and visibility.
      57 Eliot Street, Natick, MA 01760
      View Details

    FAQs

    What type of property is this?
    Flex space - Modern flex space near West Natick train stop.
    Where is this flex space located?
    The property is located at 245 W Central St Natick, MA.
    What are key features of this property?
    This property features: Prime location next to the West Natick train stop and adjacent to the Natick Mall.; High visibility from major roadways and frontage/signage opportunities on Route 135.; Ample parking for employees and visitors.
    (508) 271-9225
    We can help!
    Listing Contact
    Victor Galvani
    Victor Galvani
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!