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    Bank Building with Drive-Through Title is generated by Realmo AI

    326 Boston Post Rd, Wayland, MA 01778

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    Former bank with drive-thru and 25 parking spaces, positioned for visibility on a high-traffic Route 20 corridor.

    Type:RETAIL
    Property size:
    3,150 SF
    Added:
    Aug 2, 2023
    Days on Market:
    1040
    Last Refresh:
    Jun 5 at 1:53 am

    Property Features for 326 Boston Post Rd

    General Information

    Standard status
    Active
    Size
    3,150 SF
    Property subtype
    RETAIL

    Spaces For Lease

    at 326 Boston Post Rd Contact us

    We can help!

    Listing Contact
    Rob Robledo
    Rob Robledo

    Listing agent Rob Robledo License #RES.0777085

    Listing office CBRE | Boston

    Listing date Aug 2, 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 CBRE | Boston

    HighLights

    • Former bank with drive‑thru available for lease
    • Highly visible on Route 20 with 29,065 cars per day
    • Shadow anchored by Stop & Shop and Wayland Town Center (mixed‑use development)
    • 25 parking spaces on‑site
    • Daytime population of 98,116 and average household income of $209,665 within 5 miles
    • Available immediately

    Overview

    This former bank property is available for lease and includes a drive-through lane, supporting drive-up service needs. The offering is approximately 3,150 square feet and comes with 25 parking spaces for tenant and customer access.

    The building is located at 326 Boston Post Rd (Route 20) in Wayland, MA, with reported traffic of 29,065 cars per day. The area is supported by nearby retail and dining options, including Stop & Shop and other established businesses, and the property benefits from a mixed-use setting in the Wayland Town Center.

    For tenants seeking a bank-style site or a retail or service concept that values customer convenience, the drive-through feature and ample onsite parking provide practical day-to-day operations. Visibility along Route 20 and proximity to established retail uses can help bring consistent foot traffic and drive-by exposure as part of a broader location strategy. The space is available immediately.
    Location Intelligence

    Current Use by Public Records

    Santander Bank ATM Bank Santander Bank Bank

    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
    Wayland
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3657867
    Latitude
    42.3634484

    Nearby Similar for Lease

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      Wayland Office Space For Lease

      Office space available in Wayland, Massachusetts with ample parking.
      30 Boston Post Road, Wayland, MA 01778
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    • Contact for pricing
      3,150 SF

      Freestanding Building with Drive-Thru

      Former bank with drive-thru, shadow-anchored in affluent Wayland.
      326 Boston Post Road, Wayland, MA, 01778
      View Details
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      Former Bank with Drive-Thru

      Highly visible former bank with drive-thru and ample parking.
      54 Boston Post Road, Wayland, MA,
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      640 SF

      Office Space on Route 20

      Well-maintained office space with flexible lease terms and easy parking.
      260 Boston Post Rd, Wayland, MA
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    • $25 SF/Yr

      Wayland Flex/Industrial/Office Space Available

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    FAQs

    What type of property is this?
    Bank - Former bank with drive-thru and 25 parking spaces, positioned for visibility on a high-traffic Route 20 corridor.
    Where is this bank located?
    The property is located at 326 Boston Post Rd Wayland, MA.
    What are key features of this property?
    This property features: Former bank with drive‑thru available for lease; Highly visible on Route 20 with 29,065 cars per day; Shadow anchored by Stop & Shop and Wayland Town Center (mixed‑use development)
    (617) 908-0745 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Rob Robledo
    Rob Robledo
    Real Estate License ID: RES.0777085
    Learn More
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    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.

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