Multi-Suite Office
For Sale
Contact for pricing
40 Grove Street, Wellesley, MA 02482
Office configurations range from compact suites to larger professional workspaces within an established commercial property.
Property Size6,439 SF
Price / SF$0.01
Days on Market858
Property Features for 40 Grove Street
General Information
Standard status
Active
Size
6,439 SF
Property subtype
Commercial
Zoning
1
Taxes and HOA fees
Annual Taxes
$1.00
Building Details
Building Size
6,439 SF
Year Built
1975
Listing Agency:
128 CRE
Listed By:
Jeremy Freid · License #9089542-RE-B
(617) 916-1028
Source:
Churchillprop
Added: Jun 12, 2024
Changed: Oct 10
Last Checked: Oct 16 at 6:13AM
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 128 CRE
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Investment Insights
Based on property information with market context.
Office units are available in several configurations within a 4,401-square-foot commercial property completed in 1975. Current suite sizes include 402 SF, 1,172 SF, 1,333 SF, and 1,494 SF, providing options for different office requirements. The property carries zoning designation 1.
Located at 40 Grove Street in Wellesley, Massachusetts, the property is positioned within the 02482 postal area. The varied suite sizes support a multi-unit office layout for ownership or occupancy planning.
Located at 40 Grove Street in Wellesley, Massachusetts, the property is positioned within the 02482 postal area. The varied suite sizes support a multi-unit office layout for ownership or occupancy planning.
Key Highlights
- Available suites: 402 SF, 1,172 SF, 1,333 SF and 1,494 SF
- 4,401 SF total property size
- 1975 construction
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,575
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,931,500
$1.9M
Cap Rate 7%
$1,379,643
$1.4M
Cap Rate 9%
$1,073,056
$1.1M
Market Conditions
NOI Build-Up for 4,401 SF
Gross rent
$154.2K $35.04/SF
− Vacancy
−$25.4K −$5.78/SF
EGI
$128.8K $29.26/SF
− OpEx
−$32.2K −$7.31/SF
NOI
$96.6K $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%
$1,931,500
Cap Rate 7%
$1,379,643
Cap Rate 9%
$1,073,056
Alternative Uses
Best Use
Office B
$1.38M
$1.21M – $1.61M
NOI $96,575 @ 7.0% cap · market cap 214,611.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.61M
$2.28M – $3.04M
NOI $182,376 @ 7.0% cap · market cap 405,280.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,363
Businesses Nearby
Explore this area
Business Placement
Demographics for 02482, MA
10,710
Population
4,249
Households
2.5
Avg Household Size
44
Median Age
83%
College-Educated
99%
High-School Grad
3.7 sq mi
ZIP Area
2,895
Density / Sq Mi
$240,069
Median Household Income
$109,805
Median Earnings
$2,674
Median Rent
$1,255,200
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Office configurations range from compact suites to larger professional workspaces within an established commercial property.
Where is this office units located?
The property is located at 40 Grove Street Wellesley, MA.
What are key features of this property?
This property features: Available suites: 402 SF, 1,172 SF, 1,333 SF and 1,494 SF; 4,401 SF total property size; 1975 construction
