Renovated Commercial Condo in
For Sale
$400,000
63 Shore Road Unit 14, Winchester, MA 01890
Turnkey office condo in downtown Winchester near transportation.
Property Size621 SF
Price / SF$644.12
Days on Market222
Property Features for 63 Shore Road Unit 14
General Information
Standard status
Active
Size
621 SF
Property subtype
Commercial
Building Details
Year Built
1970
Listing Agency:
Leading Edge Real Estate
Listed By:
Aldo Masciave
Source:
Stevebremis
Added: Dec 22, 2025
Changed: Jul 10
Last Checked: Aug 1 at 2:21AM
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
Investment Insights
Based on property information with market context.
This renovated commercial condominium unit is located in downtown Winchester, near shopping, restaurants, the Lowell Line, and the Winchester Center Commuter Rail station. The 621 square foot unit features three offices, a boardroom with glass doors, a private half bath, and a kitchenette with a sink, microwave, and dedicated water line. The unit includes one off-street parking space. Previously occupied by an accounting firm, Unit 14 is located in a well-managed building.
Key Highlights
- Completely renovated, turnkey commercial condo.
- Prime Downtown Winchester location near shopping, restaurants, and the Lowell Line.
- Includes three offices and a boardroom with glass doors.
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $33.7k | $54.24 |
| − Vacancy | −$7.4k | −$11.93 |
| EGI | $26.3k | $42.31 |
| − OpEx | −$6.6k | −$10.58 |
| NOI | $19.7k | $31.73 |
621 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,035
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Turnkey office condo in downtown Winchester near transportation.
Where is this office units located?
The property is located at 63 Shore Road Unit 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.; Prime Downtown Winchester location near shopping, restaurants, and the Lowell Line.; Includes three offices and a boardroom with glass doors.
