Flexible-Layout Office
For Sale
$1,150,000
305-955 Main St, Winchester, MA 01890
Elevator-served office suite with included furniture, on-site parking, and medical and professional office use by right.
Property Size2,054 SF
Price / SF$559.88
Days on Market188
Property Features for 305-955 Main St
General Information
Standard status
Active
Size
2,054 SF
Elevators
Yes
Additional Details
Furnished
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$10,441
Amenities
handicap-accessible entry
Building Details
Year Renovated
2009
Listing Agency:
Coldwell Banker Realty - Lexington
(781) 862-2600
Listed By:
Zuby Singh
(781) 860-9111
Source:
Exprealty
Added: Apr 27
Changed: Oct 25
Last Checked: Oct 30 at 7:11PM
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 Coldwell Banker Realty - Lexington
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,054-square-foot professional office condo offers a flexible layout with a spacious reception and waiting area, five private offices or exam rooms, a large conference room, staff workspace, kitchenette with dining area, abundant storage, and two restrooms. One restroom includes a private full in-suite bath, and four offices have sinks. Furniture is included. The suite was renovated in 2009 and includes one recent room renovation.
The professionally managed, elevator-served Russell Hill Office Building provides on-site parking and handicap-accessible entry. The property is near Winchester Center, Winchester Hospital, Route 38, I-93, and I-95/128. Zoning supports medical and professional office use by right.
The professionally managed, elevator-served Russell Hill Office Building provides on-site parking and handicap-accessible entry. The property is near Winchester Center, Winchester Hospital, Route 38, I-93, and I-95/128. Zoning supports medical and professional office use by right.
Key Highlights
- 2,054 SF professional office condo in the Russell Hill Office Building
- Five private offices or exam rooms; four offices include sinks
- Reception and waiting area, conference room, staff workspace, kitchenette, storage, and two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,174
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,480
$1.3M
Cap Rate 7%
$931,057
$931.1K
Cap Rate 9%
$724,156
$724.2K
Market Conditions
NOI Build-Up for 2,054 SF
Gross rent
$111.4K $54.24/SF
− Vacancy
−$24.5K −$11.93/SF
EGI
$86.9K $42.31/SF
− OpEx
−$21.7K −$10.58/SF
NOI
$65.2K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,480
Cap Rate 7%
$931,057
Cap Rate 9%
$724,156
Alternative Uses
Best Use
Office B
$931.1K
$814.7K – $1.09M
NOI $65,174 @ 7.0% cap · market cap 5.67%
Second Best
Healthcare Medical
$851.7K
$745.3K – $993.7K
NOI $59,621 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,117 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
659
Businesses Nearby
Explore this area
Business Placement
Demographics for 01890, MA
22,970
Population
8,283
Households
2.8
Avg Household Size
43
Median Age
78%
College-Educated
97%
High-School Grad
6.0 sq mi
ZIP Area
3,828
Density / Sq Mi
$218,176
Median Household Income
$107,083
Median Earnings
$2,271
Median Rent
$1,181,700
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Elevator-served office suite with included furniture, on-site parking, and medical and professional office use by right.
Where is this office unit located?
The property is located at 305-955 Main St Winchester, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: 2,054 SF professional office condo in the Russell Hill Office Building; Five private offices or exam rooms; four offices include sinks; Reception and waiting area, conference room, staff workspace, kitchenette, storage, and two restrooms
