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

    335 Providence Hwy Westwood, MA

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

    Office space for rent with high traffic and ample parking.

    Type:OFFICE
    Property size:
    1,200 SF
    Lot size:
    2.13 Acres
    Added:
    Feb 28, 2024
    Days on Market:
    763
    Last Refresh:
    Mar 29 at 10:46 pm

    Property Features for 335 Providence Hwy

    General Information

    Standard status
    Active
    Size
    1,200 SF
    Lot size
    2.13 Acres
    Property subtype
    OFFICE

    Spaces For Lease

    at 335 Providence Hwy Contact us

    We can help!

    Listing Contact
    Bobby Burke
    Bobby Burke

    Listing agent Bobby Burke

    Listing office American Commercial Real Estate

    Listing date Feb 28, 2024

    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 American Commercial Real Estate

    Overview

    Westwood Office Space Available

    This 1,200 square foot office space is available for rent and offers immediate delivery. The property is located with access to Rt. 128/I-95 within 0.5 miles and has over 40,000 ADT facing Rt. 1. Ample parking is available. The property is adjacent to Ski and Sports and AAA in Westwood, MA.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    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
    Westwood
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1819
    Latitude
    42.2165

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      MA, Westwood - University Ave

      315 University Ave, Unit 2ND, Westwood, MA 02090
      View Details
    • Contact for pricing

      Modern Office Space For Rent

      Modern 800 SF office space for rent, prime location.
      1200 East St, Westwood, MA
      View Details
    • $18/mo

      Westwood Office/Flex Space Available

      Office/flex space featuring offices, open area, and recording studio.
      15 Perwal St, Westwood, MA
      View Details
    • Contact for pricing

      Westwood Retail/Restaurant Space Available

      High-traffic Westwood location suitable for bakery, restaurant, or retail.
      1 Church Street, Westwood, MA 02090
      View Details
    • Contact for pricing

      Office/Flex Space Near I-95

      Office and flex space available less than 2 miles from I-95.
      30 Perwal Street, Westwood, MA 02090
      View Details
    • Contact for pricing

      New Retail Space Available

      New construction retail space in a multi-family/retail center.
      22 Everett St, Westwood, MA
      View Details
    • Contact for pricing

      Class A Office/R&D Space

      Class A office/R&D space available near University Station.
      101 Station Dr, Westwood, MA
      View Details
    • Contact for pricing

      Retail Space in Westwood, MA

      Retail space available for lease in Westwood, Massachusetts.
      919-923 High St, Westwood, MA
      View Details
    • Contact for pricing

      Versatile Workspace Solutions Available Now

      Flexible office spaces, coworking, meeting rooms, and virtual office options.
      315 University Ave, Westwood, MA 02090
      View Details
    • Contact for pricing

      Westwood Office Space For Lease

      Office space for lease with high visibility and easy access.
      1 University Ave, Westwood, MA
      View Details
    • Contact for pricing

      Versatile Flex Buildings Near University

      Flex, office, or retail spaces near University Station.
      376-390 University Ave, Westwood, MA
      View Details
    • Contact for pricing

      Versatile Flex Building Near Amenities

      Single-story flex building near University Station with convenient access.
      375-395 University Ave, Westwood, MA
      View Details

    FAQs

    What type of property is this?
    Office units - Office space for rent with high traffic and ample parking.
    Where is this office units located?
    The property is located at 335 Providence Hwy Westwood, MA.
    What are key features of this property?
    This property features: Immediate delivery available; Access to Rt. 128/I‑95 within 1/2 mile; Over 40,000 ADT facing Rt. 1
    (508) 479-5294
    We can help!
    Listing Contact
    Bobby Burke
    Bobby Burke
    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!