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    485 Washington St Wrentham, MA 02093

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    For Lease
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    Prime Commercial Land, 5.88 Acres, Wrentham, MA

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional 5.88-acre parcel of land is ideally situated at 485 Washington Street in Wrentham, Massachusetts, within Norfolk County. Zoned for commercial use, this single-tenant property presents a unique opportunity for developers and businesses seeking a substantial footprint in a thriving location. The expansive lot size offers significant flexibility for a variety of commercial projects, allowing for ample space for construction and potential future expansion. The property's address is easily accessible, boasting high visibility and convenient access to major transportation routes, ensuring excellent connectivity for employees and customers alike. With its prime location and substantial acreage, this property represents a rare chance to establish a significant commercial presence in Wrentham. The 02093 zip code offers a strong local market, and the commercial zoning ensures a straightforward development process. This is a blank canvas for your next commercial venture, offering the potential for significant return on investment. Serious inquiries are encouraged to explore the possibilities this exceptional property offers. The property is available for lease.

    Property Features for 485 Washington St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Available Space
    Size
    0 SF

    We can help!

    Listing Contact
    Brian McDonald
    Brian McDonald

    Learn more

    Property Insight Report

    HighLights

    • 5.88‑acre commercial parcel in Wrentham, MA.
    • Available for sale or lease.
    • High traffic location (34,119 ADT) on Route 1, one mile from I‑495.
    • Commercial zoning.
    • Level, developable land with no wetlands.
    • Two miles from Gillette Stadium.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Wholesale Shop Hotel & Motel Auto Parts Store Kitchen & Bath Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Wrentham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2980632
    Latitude
    42.0555894

    Nearby Comparable

    • $475 /Mo

      Modern Office Space Available

      Bright office space with utilities included and flexible lease terms.
      25 Commercial Dr, Wrentham, MA 02093
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      2,500 SF

      Wrentham Warehouse Space Available

      2,500 SF warehouse space with drive-in doors for lease.
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      2,370 SF

      High-End Office and Storage Space

      Office and storage space with convenient amenities and easy highway access.
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      9,032 SF

      Wrentham Office Space Available

      9,032 SF office space for rent in Wrentham, MA.
      24 Common St, Wrentham, MA 02093
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    • $1,000 /Mo

      Versatile Office Suites For Rent

      Four bright office suites available, utilities included, flexible layouts.
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      Professional Office Space Available

      Office space in downtown Wrentham, ideal for service businesses.
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      1,381 SF

      Plainville Retail Space For Lease

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      Foxboro Office Space Available

      Office space available for lease in Foxboro, Massachusetts.
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    • $2,000 /Mo

      Wrentham Office Space For Rent

      First floor office space with great visibility and ample parking.
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      21,380 SF

      Patriot Place Retail Opportunity

      Retail and restaurant spaces available in Patriot Place.
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      1,241 SF

      Industrial Space Available For Rent

      Industrial property with 1,241 square feet available for rent.
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      50,000 SF

      Foxboro Flex/Industrial Space Available

      50,000 SF of Class A Flex/Industrial Space for rent.
      65 Green St, Foxboro, MA 02035
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    Nearby Similar for Lease

    • $2,000 /Mo

      Wrentham Office Space For Rent

      First floor office space with great visibility and ample parking.
      685 South St, Wrentham, MA 02093
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    • $850 /Mo

      Professional Office Space Available

      Office space in downtown Wrentham, ideal for service businesses.
      155 South St, Wrentham, MA 02093
      View Details
    • $3,750 /Mo
      3,000 SF

      Stonewall Park Office Suite

      Spacious office suite in Stonewall Park available for rent.
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    • $3,750 /Mo

      Street Level Office Suite

      Spacious office suite in Stonewall Park available for rent.
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    • $1,000 /Mo

      Versatile Office Suites For Rent

      Four bright office suites available, utilities included, flexible layouts.
      14 Common St, Wrentham, MA 02093
      View Details
    • $475 /Mo

      Modern Office Space Available

      Bright office space with utilities included and flexible lease terms.
      25 Commercial Dr, Wrentham, MA 02093
      View Details
    • $4,300 /Mo

      Office Space on Route 1

      Office spaces for rent in a prime location.
      475 Washington St 2-1A&B, Wrentham, MA 02093
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      342,375 SF

      Wrentham Warehouse with Highway Access

      High bay warehouse with ample parking and highway access.
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      176,800 SF

      Wrentham Warehouse with Immediate I-495 Access

      176,800 RSF warehouse with 32' clear height and ample parking.
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    • Contact for pricing
      2,500 SF

      Wrentham Warehouse Space Available

      2,500 SF warehouse space with drive-in doors for lease.
      35 Commercial Dr, Wrentham, MA 02093
      View Details
    • Contact for pricing
      9,032 SF

      Wrentham Office Space Available

      9,032 SF office space for rent in Wrentham, MA.
      24 Common St, Wrentham, MA 02093
      View Details

    FAQs

    What type of property is this?
    Land - Prime Commercial Land, 5.88 Acres, Wrentham, MA
    Where is this land located?
    The property is located at 485 Washington St Wrentham, MA.
    What are key features of this property?
    This property features: 5.88-acre commercial parcel in Wrentham, MA.; Available for sale or lease.; High traffic location (34,119 ADT) on Route 1, one mile from I-495.
    Request Owner's contact information
    485 Washington St Wrentham, MA 02093
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    Wrentham, MA 02093
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    485 Washington St Wrentham, MA 02093
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    We can help!
    Listing Contact
    Brian McDonald
    Brian McDonald
    Real Estate License ID: MA 9049573-RE-B
    Learn more
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