Three-Level Office
For Sale
Contact for pricing
4 West Mill Street, Medfield, MA 02053
Three-level office building with conference rooms, individual offices, a reception area, and multiple baths.
Property Size4,800 SF
Price / SF$0.61
Days on Market117
Property Features for 4 West Mill Street
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Commercial
Amenities
conference rooms
individual offices
reception area
multiple baths
Building Details
Year Built
1983
Stories
3
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
(508) 435-6333
Listed By:
John Morte · License #453001785
(508) 333-6743
Source:
Lockandkeyre
Added: Jul 7
Changed: Oct 29
Last Checked: Oct 30 at 3:43PM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
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Investment Insights
Based on property information with market context.
This three-level professional office building offers conference rooms, individual offices, and an inviting reception area, along with multiple baths to support day-to-day operations. The space is presented as a sublease opportunity, with terms extending through the end of 2028, and it can come complete with existing furnishings if needed.
The property is located at a highly traveled corner of Route 27, in a stand-alone building configuration. Ample on-site parking is available for employees and visitors.
The building’s layout and features make it suitable for a range of service-oriented uses, including personal services and medical or aesthetics-related operations, depending on tenant needs.
The property is located at a highly traveled corner of Route 27, in a stand-alone building configuration. Ample on-site parking is available for employees and visitors.
The building’s layout and features make it suitable for a range of service-oriented uses, including personal services and medical or aesthetics-related operations, depending on tenant needs.
Key Highlights
- Three‑level professional office building built in 1983
- Includes conference rooms, individual offices, and a reception area
- Multiple baths available within the office space
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,330
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,106,600
$2.1M
Cap Rate 7%
$1,504,714
$1.5M
Cap Rate 9%
$1,170,333
$1.2M
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$168.2K $35.04/SF
− Vacancy
−$27.8K −$5.78/SF
EGI
$140.4K $29.26/SF
− OpEx
−$35.1K −$7.31/SF
NOI
$105.3K $21.94/SF
Area
Norfolk County, MA
Vacancy
16.50%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,106,600
Cap Rate 7%
$1,504,714
Cap Rate 9%
$1,170,333
Alternative Uses
Best Use
Office B
$1.50M
$1.32M – $1.76M
NOI $105,330 @ 7.0% cap · market cap 3,570.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.84M
$2.49M – $3.32M
NOI $198,911 @ 7.0% cap · market cap 6,742.75%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
223
Businesses Nearby
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Business Placement
Demographics for 02053, MA
13,115
Population
4,601
Households
2.9
Avg Household Size
43
Median Age
62%
College-Educated
97%
High-School Grad
11.5 sq mi
ZIP Area
1,140
Density / Sq Mi
$174,357
Median Household Income
$78,321
Median Earnings
$1,570
Median Rent
$588,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Three-level office building with conference rooms, individual offices, a reception area, and multiple baths.
Where is this office building located?
The property is located at 4 West Mill Street Medfield, MA.
What are key features of this property?
This property features: Three‑level professional office building built in 1983; Includes conference rooms, individual offices, and a reception area; Multiple baths available within the office space
