Four-Room Office
New
For Sale
Contact for pricing
89 Main St. Unit 304, Medway, MA 02053
Third-floor space includes dimmable LED lighting, heat, and access to a large paved parking area.
Property Size760 SF
Price / SF$1.25
Days on Market4
Property Features for 89 Main St. Unit 304
General Information
Standard status
Active
Size
760 SF
Property subtype
Commercial
Space & Availability
Floor
3
Furnished
No
Additional Details
Highway Access
Yes
Building Details
Year Built
1967
Tenancy
Multi
Listing Agency:
North Atlantic Realty Group, Inc.
(508) 505-4029
Listed By:
David Moniz
(508) 223-6916
Source:
Lockandkeyre
Added: Oct 17
Changed: Oct 19
Last Checked: Oct 19 at 2:49PM
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 North Atlantic Realty Group, Inc.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 760-square-foot office unit is arranged as four rooms and occupies the third floor. Dimmable LED fixtures provide updated lighting, and heat is included. The space is presently configured for a health care practitioner and is scheduled to be cleared of furniture and personal items by November 30, 2026, ahead of availability in December 2026.
The professionally managed building has a large paved parking lot and convenient access to Route 495. Restaurants and shopping are a short distance away. Other businesses in the building include service providers, professional offices, and practitioners in several medical specialties.
The professionally managed building has a large paved parking lot and convenient access to Route 495. Restaurants and shopping are a short distance away. Other businesses in the building include service providers, professional offices, and practitioners in several medical specialties.
Key Highlights
- 760 sq.ft. office divided into 4 rooms
- Third‑floor unit with dimmable LED lighting
- Heat included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,713
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,260
$274.3K
Cap Rate 7%
$195,900
$195.9K
Cap Rate 9%
$152,367
$152.4K
Market Conditions
NOI Build-Up for 760 SF
Gross rent
$25.5K $33.60/SF
− Vacancy
−$2.7K −$3.53/SF
EGI
$22.9K $30.07/SF
− OpEx
−$9.1K −$12.03/SF
NOI
$13.7K $18.04/SF
Area
Norfolk County, MA
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$274,260
Cap Rate 7%
$195,900
Cap Rate 9%
$152,367
Alternative Uses
Best Use
Office B
$238.2K
$208.5K – $278.0K
NOI $16,677 @ 7.0% cap · market cap 1,755.47%
Second Best
Healthcare Medical
$195.9K
$171.4K – $228.6K
NOI $13,713 @ 7.0% cap · market cap 1,443.47%
Theoretical Best
Office A
$449.9K
$393.7K – $524.9K
NOI $31,494 @ 7.0% cap · market cap 3,315.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
444
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Third-floor space includes dimmable LED lighting, heat, and access to a large paved parking area.
Where is this office unit located?
The property is located at 89 Main St. Unit 304 Medway, MA.
What are key features of this property?
This property features: 760 sq.ft. office divided into 4 rooms; Third‑floor unit with dimmable LED lighting; Heat included
