Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    340 Boston Providence Hwy Westwood, MA 02090
    Back to Search
    Property profile & analytics

    340 Boston Providence Hwy Westwood, MA 02090

    View on Map
    • Retail properties & Spaces
    • 5,360 SF
    • 0.75 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 340 Boston Providence Hwy

    Year built
    1984
    Lot size
    0.75 lot acres
    Property size
    5,360 SF
    Property type
    Retail properties & Spaces
    Property subtype
    Retail space

    Description

    This exceptional investment opportunity presents a 5,360 square foot retail storefront located at 340 Providence Highway in Westwood, Massachusetts, 02090. The property, built in 1984 and extensively renovated in 2023, sits on a 0.75-acre lot and features a two-story building with ample parking for 80 vehicles. Currently operating under a single-tenant, Net Lease (NNN) agreement, the property boasts 100% occupancy with a remaining lease term of approximately 3.7 years (expiring July 31, 2028, with a commencement date of August 1, 2023). The lease includes annual rent escalations throughout the initial five-year term, offering predictable income growth. The property is strategically positioned on Route 1, less than one mile from the intersection of Route 128/95, providing unparalleled access to the Greater Boston area. Its proximity to Westwood Station (less than two miles) ensures convenient access to hotels, restaurants, fitness centers, and the commuter rail. This presents a unique opportunity for owner-occupancy after the initial investment period. The property is ideally suited for an automobile dealership, given its location along the "Auto Mile." Three five-year lease options are available.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Westwood
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.181
    Latitude
    42.2158

    Comparable in this City

    • Value Estimation by Request
      1,440 SF

      5 Church St

      RETAIL STORES (PERSONAL SERVICES) • 1,440 SF
      5 Church St, Westwood, MA 02090-3509
      View Details
    • Value Estimation
      $525,000
      2,436 SF

      710 High St

      RETAIL STORES (PERSONAL SERVICES) • 2,436 SF
      710 High St, Westwood, MA 02090-2542
      View Details
    • Value Estimation
      $645,000
      3,360 SF

      260 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 3,360 SF
      260 Washington St, Westwood, MA 02090-1330
      View Details
    • Value Estimation
      $515,000
      2,025 SF

      372 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 2,025 SF
      372 Washington St, Westwood, MA 02090-1833
      View Details
    • Value Estimation
      $505,000
      1,984 SF

      1472 High St

      RETAIL STORES (PERSONAL SERVICES) • 1,984 SF
      1472 High St, Westwood, MA 02090-3027
      View Details
    • Value Estimation
      $1,575,000
      8,700 SF

      335 Providence Hwy

      RETAIL STORES (PERSONAL SERVICES) • 8,700 SF
      335 Providence Hwy, Westwood, MA 02090-1935
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,360 SF

      Retail Space For Sale

      5,360 SqFt retail space available for purchase.
      340 Boston Providence Hwy, Westwood, MA 02090
      View Details
    • $120,000

      Established Nail Salon Business

      Profitable nail salon business for sale in Westwood.
      000 High St, Westwood, MA 02090
      View Details
    • Contact for pricing
      1,632 SF

      Retail Building on High Street

      1,632 SF retail building on 0.17 acres.
      1451 High St, Westwood, MA 02090
      View Details
    • Contact for pricing
      1 SF

      Established Nail Salon Opportunity

      Profitable nail salon business for sale in Westwood.
      000 High St, Westwood, MA 02090
      View Details
    • $425,000

      Land Parcel Expansion Opportunity

      Land available for expansion or development in Westwood, Massachusetts.
      615-R High St, Westwood, MA 02090
      View Details
    • Contact for pricing

      Residential Land for Expansion

      Land available for expansion or increased privacy in Westwood, MA.
      615-R High St, Westwood, MA 02090
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,047 SF

      New Retail Space Available

      New construction retail space in a multi-family/retail center.
      22 Everett St, Westwood, MA 02090
      View Details
    • Contact for pricing
      4,663 SF

      Versatile Flex Building Near Amenities

      Flex building near University Station with retail and transit access.
      392-410 University Ave, Westwood, MA 02090
      View Details
    • Contact for pricing
      3,720 SF

      Versatile Flex Buildings Near University

      Flex buildings suitable for office, retail, or flex use.
      348-374 University Ave, Westwood, MA 02090
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Westwood, MA

      Retail space available for lease in Westwood, Massachusetts.
      919-923 High St, Westwood, MA 02090
      View Details
    • Contact for pricing
      11,390 SF

      Versatile Flex Buildings Near University

      Flex, office, or retail spaces near University Station.
      376-390 University Ave, Westwood, MA 02090
      View Details
    • Contact for pricing
      4,591 SF

      Versatile Flex Building Near Amenities

      Single-story flex building near University Station with convenient access.
      375-395 University Ave, Westwood, MA 02090
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    340 Boston Providence Hwy
    Westwood, MA 02090
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    340 Boston Providence Hwy, Westwood, MA, 02090
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!