Medical Office Condominium
955 Main St Unit 305 Winchester, MA 01890
955 Main St Unit 305, Winchester, MA, 01890
$1,150,000
For Sale
$1,150,000
One-floor, elevator-served medical office condo with exam rooms, conference space, and reception area plus on-site surface parking.
Property Size2,054 SF
Price / SF$559.88
Days on Market87
Property Features for 955 Main St Unit 305
General Information
- Standard status
- Active
- Size
- 2,054 SF
Building Details
- Year Built
- 1980
Listing agency
Coldwell Banker Realty - Lexington
(781) 860-9111
Listed by
Zuby Singh · License #452508574
(781) 860-9111
Source
Iverty
Added: Apr 27 Updated: Jul 22 at 2:49AM Checked: Jul 22 at 2:49AM
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 Coldwell Banker Realty - Lexington
Investment Insights
Based on property information with market context.
Bright medical and professional office condominium suite located on one floor within the Russell Hill Office Building. The unit features a large reception and waiting area, multiple exam-office rooms, and a large conference room, along with staff workspace and a kitchenette with an eat-in area. There are lots of closets and cabinets, with two restrooms including one full private in-suite bath and a half bath in the hallway. Four of the five exam rooms have sinks, and the suite is offered with furniture. The building is three stories and elevator-served, with on-site surface parking and a handicap-accessible entry.
The property offers convenient access to Winchester town center, Winchester Hospital, Route 38, and I-93 and I-95/128.
The unit was renovated in 2009, with one exam procedure room renovated in 2026. Zoning permits medical and professional office use by right, and the facility is professionally managed.
The property offers convenient access to Winchester town center, Winchester Hospital, Route 38, and I-93 and I-95/128.
The unit was renovated in 2009, with one exam procedure room renovated in 2026. Zoning permits medical and professional office use by right, and the facility is professionally managed.
Key Highlights
- Bright medical/professional office condominium on one floor in the Russell Hill Office Building
- Includes large reception and waiting area plus a large conference room and staff workspace
- 5 exam‑office rooms; 4 have sinks, plus kitchenette with eat‑in area and lots of closets and cabinets
Local 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 | $111.4k | $54.24 |
| − Vacancy | −$24.5k | −$11.93 |
| EGI | $86.9k | $42.31 |
| − OpEx | −$21.7k | −$10.58 |
| NOI | $65.2k | $31.73 |
2,054 SF · lease $54.24/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$931.1K
$814.7K – $1.09M
NOI $65,174 @ 7.0% cap · market cap 5.67%
Second Best
Healthcare Medical
$851.7K
$745.3K – $993.7K
NOI $59,621 @ 7.0% cap · market cap 5.18%
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,117 @ 7.0% cap · market cap 7.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Rehabilitation Services | Russell ...
Rehabilitation Center
Muscular Therapy Associates
Alternative Medicine Practice
Dermatology Associates
Medical Clinic
HQC Acupuncture. PC
Medical Clinic
Thayer Chiropractic Center
Alternative Medicine Practice
Similar For Sale Nearby
Similar Off Market Nearby
- Winchester Animal Clinic — 874 Main St, Winchester, MA 01890
- Winchester Veterinary Group — 95 Cross St, Winchester, MA 01890
- Stephen W. Zanotti, VMD — 95 Cross St, Winchester, MA 01890
FAQs
What type of property is this?
Medical Office Space - One-floor, elevator-served medical office condo with exam rooms, conference space, and reception area plus on-site surface parking.
Where is this medical office space located?
The property is located at 955 Main St Unit 305 Winchester, MA.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Bright medical/professional office condominium on one floor in the Russell Hill Office Building; Includes large reception and waiting area plus a large conference room and staff workspace; 5 exam‑office rooms; 4 have sinks, plus kitchenette with eat‑in area and lots of closets and cabinets
