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    588 Boston Post Rd Weston, MA 02493
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    588 Boston Post Rd, Weston, MA 02493

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    • Retail properties & Spaces

    Property Details for 588 Boston Post Rd

    Property type
    Retail properties & Spaces
    Property subtype
    Office Spaces

    Description

    This exceptional investment opportunity presents four buildings situated on two lots totaling 588 and 596 Boston Post Rd, Weston, MA 02493. The property boasts a prime location directly on Route 20, ensuring exceptional visibility and high daily traffic counts. This rare offering includes a mix of retail, office, and auto repair spaces, all currently fully leased with long-term tenants, providing immediate and consistent rental income. The buildings offer ample parking both in front and rear. The sale encompasses four buildings across two lots, making it an ideal investment for a 1031 exchange or an owner-user seeking to expand or establish an auto repair business while generating additional rental income. The asking price is $3,999,000. This property presents a unique chance to acquire a well-established, multi-tenant commercial property in the desirable Weston Center, a location known for its limited availability of commercial and retail space. The property's strong tenant occupancy and prime location make it a compelling investment opportunity with significant potential for long-term growth and return. The Middlesex County location provides easy access to major transportation routes and a thriving local community.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Weston
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3049
    Latitude
    42.3668

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      100 Boston Post Rd Byp

      AUTO REPAIR, GARAGE
      100 Boston Post Rd Byp, Weston, MA 02493
      View Details
    • Value Estimation
      $610,000
      3,452 SF

      284 Nn Ave

      DEPARTMENT STORE
      284 Nn Ave, Weston, MA 02493-2138
      View Details
    • Value Estimation
      $1,740,000
      10,142 SF

      391 Boston Post Rd

      DEPARTMENT STORE
      391 Boston Post Rd, Weston, MA 02493-1552
      View Details
    • Value Estimation
      $930,000
      4,494 SF

      450 Boston Post Rd

      DEPARTMENT STORE
      450 Boston Post Rd, Weston, MA 02493-1569
      View Details
    • Value Estimation by Request
      1,552 SF

      101 Riv Rd, Unit 2

      CONDOMINIUM OFFICES
      101 Riv Rd, Weston, MA 02493-2445
      View Details
    • Value Estimation
      $1,585,000
      10,830 SF

      464 Boston Post Rd

      DEPARTMENT STORE
      464 Boston Post Rd, Weston, MA 02493-1529
      View Details

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    Similar Nearby for Lease

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      Weston Center Storefront/Office Sublease

      First-floor retail or office space in Weston Center.
      439 Boston Post Rd, Weston, MA 02493
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      2,288 SF

      Weston Retail Space For Rent

      Retail space with signage opportunity and highway access in Weston.
      450-456 Boston Post Rd, Weston, MA 02493
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      Weston Center Retail/Office Sublease

      Sublease opportunity in Weston Center with high visibility.
      439 Boston Post Rd, Weston, MA 02493
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      Retail Space on Boston Post

      Retail space available on Boston Post Road in Weston.
      397 Boston Post Rd, Weston, MA 02493
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      Class A Office Space Available

      Highly visible Class A office space in Weston, Massachusetts.
      20 Riverside Rd, Weston, MA 02493
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      62,686 SF

      Accessible Office Space in Weston

      Class A office space with highway visibility and accessibility.
      9 Riverside Rd, Weston, MA 02493
      View Details
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    Weston, MA 02493
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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.

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