40 Grove St Wellesley, MA 02482
- Office buildings
- 1.49 lot acres
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
-
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