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Property profile & analytics

40 Grove St Wellesley, MA 02482

  • Office buildings
  • 1.49 lot acres
Value Estimation
$15,695,000
Last Sale
Nov 21, 2023
$15,000,000
Location Intelligence
Property ID
US38-1817224
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Law Offices of Sonja B. Selami, P.C. / Real Estate Attorney
  • Babar Saleem / Dentist
  • MAC LAW LLC / Real Estate Attorney
  • Wellesley Smiles Dental Professionals / Dentist / Cosmetic Dentist
  • Woodacre Law Group / Divorce Lawyer / Family Law Attorney

Property Details for 40 Grove St

Lot size
1.49 lot acres
Property type
Office buildings
APN
WELL M:112 R:037 S:
APU
WELLM112R037S

Description

This exceptional Wellesley, MA office property, located at 40 Grove Street, 02482, offers a unique opportunity for businesses seeking premium office space. The building boasts a total of 50,588 square feet and features multiple tenancies, providing flexibility for various business needs. Currently, there are five available suites ranging in size from 941 to 1,700 square feet, perfect for small to medium-sized companies. The building's traditional office design provides a professional and efficient work environment. The property's prime location in Wellesley offers easy access to major transportation routes, ensuring convenient commutes for employees and clients. This is an ideal opportunity to establish a presence in a thriving and highly sought-after business community. The building's classic architecture and well-maintained interior create a sophisticated and welcoming atmosphere. The available suites are ready for immediate occupancy, allowing businesses to quickly establish their operations. Interested parties are encouraged to inquire about lease terms and availability. This is a rare opportunity to secure high-quality office space in a highly desirable location. The address is 40 Grove Street, Wellesley, MA 02482. The geographic coordinates are latitude 42.2959428 and longitude -71.2919265.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $15,965,000
  • CAP approach

    CAP return
    Estimation
    6%
    $14,690,000
    6.5%
    $14,105,000
    7%
    $13,605,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $13,745,000
    Geo Method
    $14,895,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $14,390,000
    Retail
    $15,355,000
    Mixed-Use
    $16,695,000
    Hospitality
    $16,275,000
    Educational
    $16,650,000
    Residential Income
    $15,840,000
    Energy
    $15,380,000
    Income-Based Land
    $15,425,000
    Food Service
    $14,470,000

Location Insight

  • Map
  • Local Demand
City
Wellesley
County
Norfolk
State
Massachusetts
Longitude
-71.2918
Latitude
42.2958
CBSA code
14460
CBSA name
BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$148,249
$0.00
$14,241,000
$14,241,000
-
$0.00
$0.00
$0.00
More about this property
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