Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    First-Class Office Building in Dedham Title is generated by Realmo AI

    3 Allied Dr, Dedham, MA

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    160,910 SF office building near Legacy Place and transit.

    Type:OFFICE
    Property size:
    60,787 SF
    Lot size:
    13.81 Acres
    Added:
    Nov 25, 2021
    Days on Market:
    1655
    Last Refresh:
    May 20 at 8:16 pm

    Property Features for 3 Allied Dr

    General Information

    Standard status
    Active
    Size
    60,787 SF
    Lot size
    13.81 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 3 Allied Dr Contact us

    We can help!

    Listing Contact
    John Real
    John Real

    Listing agent John Real

    Listing office Colliers | Boston

    Listing date Nov 25, 2021

    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 Colliers | Boston

    HighLights

    • Prime location in Dedham, MA, adjacent to Legacy Place with over 80 retail stores and restaurants, including Whole Foods.
    • Easy access to transportation: walking distance to Dedham Corporate Center commuter rail, 1.5 miles to Amtrak, and proximity to I‑95.
    • Recently renovated on‑site amenities: enjoy the fitness facility, cafeteria, tenant lounge, conference center, and outdoor patio.
    • Ample parking: 375 covered spaces below the building and 342 shared spaces with the Dedham Hilton.
    • Located in a growth corridor of the Greater Boston suburban market, less than 10 miles from Downtown Boston.
    • On‑site property management.

    Overview

    3 Allied Drive at Dedham Row is a 160,910-square-foot office building located in Dedham, Massachusetts. The property is situated near Legacy Place, a mixed-use development featuring over 80 retail stores and restaurants, and anchored by Whole Foods. Dedham is bordered by Needham, Westwood, and Canton, within a growth corridor of the Greater Boston suburban market. The building is less than 10 miles from Downtown Boston and has multiple MBTA commuter rail stops. It is located along I-95. The property features a recently renovated on-site fitness facility, cafeteria, common tenant lounge, conference center, and outdoor patio. There are 375 covered parking spaces available below the building, and 342 spaces are shared with the Dedham Hilton hotel. The property is within walking distance of the Dedham Corporate Center commuter rail station and 1.5 miles from Amtrak service at Westwood Station. On-site property management is available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Dave & Sons Pressure ... Landscaping Dennis J. Swart ... Architect A1 Exterminators | Pest ... Garden Center Above & Beyond Chimney ... General Contractor Data Recovery Guru Computer & Electronic Repair

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Dedham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1701
    Latitude
    42.225

    Nearby Similar for Lease

    • Sponsored
      $129-$7,106/Mo
      11-1,292 SF

      Dedham Place

      3 Allied Dr, Unit 303, Dedham, MA 02026
      View Details
    • $1.00 SF/Yr
      2,750 SF

      Adjacent Retail and Medical Storefronts

      Two adjacent storefronts in a CVS-anchored center, suitable for retail or medical office use.
      248 Bussey # 44-48, Dedham, MA, MA 02026
      View Details
    • Contact for pricing
      6,250 SF

      Former Restaurant Space on Route 1

      6,250 SF restaurant space available for lease on Route 1.
      300 Providence Highway, Dedham, MA 02026
      View Details
    • Contact for pricing
      1,000 SF

      Class A Office Building

      Three-story Class A office building near Legacy Place and transit.
      333 Elm St, Dedham, MA
      View Details
    • Contact for pricing
      1,295 SF

      Retail Space on Bridge Street

      Retail space for lease near major retailers and highways.
      80-92 Bridge St, Dedham, MA
      View Details
    • Contact for pricing
      1,450 SF

      Dedham Office Space For Rent

      Office space available near retailers and public transportation.
      247 Bussey St, Dedham, MA
      View Details
    • Contact for pricing
      4,689 SF

      Dedham Office Space Available

      Three-story office building in Dedham, Massachusetts, available for rent.
      980-990 Washington St, Dedham, MA
      View Details
    • Contact for pricing
      2,982 SF

      Retail Space in Dedham Pointe

      Open-air shopping destination in Dedham, Massachusetts, anchored by grocery.
      300-302 Providence Hwy, Dedham, MA
      View Details
    • Contact for pricing
      140,000 SF

      Retail Space Available For Rent

      Retail spaces available, ranging from 6,250 to 140,000 SqFt.
      300 Providence Highway, Dedham, MA 02026
      View Details
    • Contact for pricing
      4,500 SF

      Restaurant and Retail Space Available

      Restaurant and retail spaces available for lease.
      750 Providence Highway, Dedham, MA
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Route 1

      Retail space with high visibility on a busy corridor.
      456 Providence Hwy, Dedham, MA
      View Details
    • $1,500/Mo
      800 SF

      Prime Dedham Office Space Available

      Bright office suites in a convenient Dedham location for rent.
      515 Providence Hwy #105, Dedham, MA 02026
      View Details

    FAQs

    What type of property is this?
    Office building - 160,910 SF office building near Legacy Place and transit.
    Where is this office building located?
    The property is located at 3 Allied Dr Dedham, MA.
    What are key features of this property?
    This property features: Prime location in Dedham, MA, adjacent to Legacy Place with over 80 retail stores and restaurants, including Whole Foods.; Easy access to transportation: walking distance to Dedham Corporate Center commuter rail, 1.5 miles to Amtrak, and proximity to I‑95.; Recently renovated on‑site amenities: enjoy the fitness facility, cafeteria, tenant lounge, conference center, and outdoor patio.
    (339) 237-2587 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing John Real
    John Real
    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
    3 Allied Dr, Dedham, 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!