Renovated Commercial Condo in
63 Shore Road #14, Winchester, MA 01890
For Sale
$400,000
Turnkey office condo in downtown Winchester near amenities and transit.
Property Size621 SF
Price / SF$644.12
Days on Market293
Property Features for 63 Shore Road #14
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Year Built
Listing Agency:
Leading Edge Real Estate
(781) 979-0100
Listed By:
Aldo Masciave · License MA #9053061
(781) 883-0896
Source:
Corcoran
Added: Jan 22
Changed: Aug 31
Last Checked: Jul 16 at 1:37PM
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 Leading Edge Real Estate
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Investment Insights
Based on property information with market context.
This renovated commercial condominium unit, located in downtown Winchester, is move-in ready. The unit contains three offices and a boardroom with glass doors. A private half bath and a kitchenette with a sink, microwave, and dedicated water line are located within the unit. The 621 square foot property is situated close to shopping, restaurants, the Lowell Line, and the Winchester Center Commuter Rail station. One off-street parking space is included. The unit was recently occupied by a local accounting firm and is suitable for business use.
Key Highlights
- Completely renovated, turnkey commercial condo - ready for immediate occupancy.
- Prime Downtown Winchester location - close to shopping, restaurants, and transportation.
- Includes three offices and a boardroom with glass doors.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,705
Cap Rate
4.93%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$394,100
$394.1K
Cap Rate 7%
$281,500
$281.5K
Cap Rate 9%
$218,944
$218.9K
Market Conditions
NOI Build-Up for 621 SF
Gross rent
$33.7K $54.24/SF
− Vacancy
−$7.4K −$11.93/SF
EGI
$26.3K $42.31/SF
− OpEx
−$6.6K −$10.58/SF
NOI
$19.7K $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%
$394,100
Cap Rate 7%
$281,500
Cap Rate 9%
$218,944
Alternative Uses
Best Use
Office B
$281.5K
$246.3K – $328.4K
NOI $19,705 @ 7.0% cap · market cap 4.93%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$367.6K
$321.7K – $428.9K
NOI $25,734 @ 7.0% cap · market cap 6.43%
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
1,035
Businesses Nearby
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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
$1,181,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Middlesex County, MA
Properties on Market for Office Units in Middlesex County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Turnkey office condo in downtown Winchester near amenities and transit.
Where is this office unit located?
The property is located at 63 Shore Road #14 Winchester, MA.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Completely renovated, turnkey commercial condo - ready for immediate occupancy.; Prime Downtown Winchester location - close to shopping, restaurants, and transportation.; Includes three offices and a boardroom with glass doors.
