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    50 Thomas Patten Dr Randolph, MA 02368

    Sponsored
    For Lease
    $23 SF/Yr

    15,000 SF Medical Office Available

    Lot size:
    30,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 15,000-square-foot medical office space is situated on the first floor of a two-story Class B building at 50 Thomas Patten Drive, Randolph, MA 02368. The property, built in 1977 and extensively renovated in 2019, offers flexible lease options ranging from 5,000 to 15,000 contiguous square feet, ideal for a variety of medical practices. The space features 36 pre-wired cubicles, 13 perimeter offices, and a large conference room. A significant advantage is the inclusion of dedicated lab space equipped with a fire suppression system and a convenient loading dock. The building boasts ample parking with 50 spaces, enhancing convenience for both staff and clients. Recent upgrades include landscaping, façade improvements, and modernized bathrooms. The property's location is easily accessible, just off Route 24, providing excellent visibility and convenient access for patients and employees. The lease rate is $17 per square foot, plus utilities and common area maintenance. This move-in ready space is adaptable to suit specific needs. The total building size is 30,000 square feet.

    Property Features for 50 Thomas Patten Dr

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    30,000 SF
    Class
    B
    Total Rate
    57500

    Building Details

    Year Built/Renovated
    1977/2019
    Stories
    2

    Unit(s) available at that property

    Space
    1st Floor
    Size
    15,000 SF
    Rate per SF
    $23

    HighLights

    • 15,000 SF of medical office/lab space available on the first floor of a Class B building.
    • Extensive 2019 renovations.
    • Space includes 36 cubicles, 13 offices, a large conference room, and dedicated lab space with fire suppression.
    • Ample parking with handicap access.
    • Excellent location, 3 minutes from Route 24, near major highways, 20 miles south of Boston.
    Property Profile Location Intelligence

    Current Use by Public Records

    Whitridge Associates Inc. Employment Agency

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Randolph
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.06053607488
    Latitude
    42.159209890738

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    FAQs

    What type of property is this?
    Medical office - 15,000 SF Medical Office Available
    Where is this medical office located?
    The property is located at 50 Thomas Patten Dr Randolph, MA.
    What is the lease rate?
    The lease rate is $23 SF/Yr.
    What are key features of this property?
    This property features: 15,000 SF of medical office/lab space available on the first floor of a Class B building.; Extensive 2019 renovations.; Space includes 36 cubicles, 13 offices, a large conference room, and dedicated lab space with fire suppression.
    Request Owner's contact information
    50 Thomas Patten Dr Randolph, MA 02368
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    50 Thomas Patten Dr Randolph, MA 02368
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