Medical Office Condominium
For Sale
$1,150,000
955 Main Street Unit 305, Winchester, MA 01890
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 Market223
Property Features for 955 Main Street Unit 305
General Information
Standard status
Active
Size
2,054 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Highway Access
Yes
Amenities
reception area
waiting area
exam rooms
conference room
staff workspace
kitchenette
restrooms
elevator
on-site parking
handicap-accessible entry
professionally managed
Building Details
Year Built
1980
Year Renovated
2026
Stories
3
Listing Agency:
Coldwell Banker Realty - Lexington
Listed By:
Zuby Singh
(781) 860-9111
Source:
Merryfoxrealty
Added: Mar 12
Changed: Oct 19
Last Checked: Oct 19 at 4:01AM
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
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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
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,174
Cap Rate
5.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,480
$1.3M
Cap Rate 7%
$931,057
$931.1K
Cap Rate 9%
$724,156
$724.2K
Market Conditions
NOI Build-Up for 2,054 SF
Gross rent
$111.4K $54.24/SF
− Vacancy
−$24.5K −$11.93/SF
EGI
$86.9K $42.31/SF
− OpEx
−$21.7K −$10.58/SF
NOI
$65.2K $31.73/SF
Area
Middlesex County, MA
Vacancy
22.00%
Lease Rate
$54.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,303,480
Cap Rate 7%
$931,057
Cap Rate 9%
$724,156
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 authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
815
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
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
Frequently Asked Questions
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 Street 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
