Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    115 Main St Wayland, MA 01778-4923

    • Retail properties
    • 672 SF
    • 0.15 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1397441
    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

    • Davis Chiropractic & Wellness, PLLC / Chiropractor

    Property Details for 115 Main St

    Year built
    1930
    Construction
    FRAME
    Lot size
    0.15 lot acres
    Property size
    672 SF
    Zone code
    R20
    Property type
    Retail properties
    APN
    WAYL M:51D L:039
    APU
    WAYLM51DL039

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wayland
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3641
    Latitude
    42.3206
    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
    $4,479
    $195,200
    $93,400
    $288,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,000,000
      8,719 SF

      70 Boston Post Rd

      DEPARTMENT STORE • 8,719 SF
      70 Boston Post Rd, Wayland, MA 01778-2422
      View Details
    • Value Estimation by Request
      2,475 SF

      298 Boston Post Rd

      DEPARTMENT STORE • 2,475 SF
      298 Boston Post Rd, Wayland, MA 01778-1823
      View Details
    • Value Estimation
      $1,865,000
      12,210 SF

      150 Main St

      DEPARTMENT STORE • 12,210 SF
      150 Main St, Wayland, MA 01778-4512
      View Details
    • Value Estimation by Request
      2,200 SF

      136 Boston Post Rd

      DEPARTMENT STORE • 2,200 SF
      136 Boston Post Rd, Wayland, MA 01778
      View Details
    • Value Estimation
      $635,000
      4,766 SF

      330 Old Connecticut Path

      DEPARTMENT STORE • 4,766 SF
      330 Old Connecticut Path, Wayland, MA 01778-3419
      View Details
    • Value Estimation
      $2,170,000
      12,401 SF

      325 Boston Post Rd

      DEPARTMENT STORE • 12,401 SF
      325 Boston Post Rd, Wayland, MA 01778-1802
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,050 SF

      Wayland Retail Building - For Sale

      Prime Retail Space, High Traffic Area
      54 Boston Post Rd, Wayland, MA 01778
      View Details
    • $1,450,000

      Renovated Multi-Family Home

      Multi-family residence with renovated units on a large lot.
      136 Commonwealth Rd, Wayland, MA 01778
      View Details
    • $799,000

      Dudley Pond Waterfront Lot

      Large lot on Dudley Pond with expired septic approval.
      123 Dudley Rd, Wayland, MA 01778
      View Details
    • $1,690,000

      Renovated Two-Family Home in Wayland

      Gut-renovated two-family home with modern amenities on a large lot.
      186 Main St, Wayland, MA 01778
      View Details
    • $635,000

      Buildable Lot Overlooking Dudley Pond

      Approved .85 acre lot with water views and dock rights.
      108 Dudley Rd, Wayland, MA 01778
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      32,000 SF

      Wayland Village Retail Center

      Prime Wayland, MA Shopping Center Space
      297 Boston Post Rd, Wayland, MA 01778
      View Details
    • Contact for pricing
      191,448 SF

      Wayland Town Center Retail Space

      Prime Wayland, MA retail/medical space available.
      400 Boston Post Rd, Wayland, MA 01778
      View Details
    • Contact for pricing
      3,050 SF

      Wayland Retail Building For Lease

      Prime Wayland Retail Space - 3,050 SF
      54 Boston Post Rd, Wayland, MA 01778
      View Details
    • Contact for pricing
      3,150 SF

      Wayland Retail Space - Boston Post Road

      Prime Retail Building, 3150 sq ft, 25 Parking Spaces
      326 Boston Post Rd, Wayland, MA 01778
      View Details
    • Contact for pricing

      Former Bank with Drive-Thru

      Former bank branch with drive-thru and high visibility location.
      54 Boston Post Rd, Wayland, MA 01778
      View Details
    • Contact for pricing
      3,150 SF

      Freestanding Building in Wayland Center

      Former bank with drive-thru, shadow-anchored by Stop & Shop.
      326 Boston Post Rd, Wayland, MA 01778
      View Details

    Property Visit Statistics

    • Visits by month
      10.6k
    • Visitors by month
      6.1k
    • Avg Time on site
      10 min
    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.
    115 Main St
    Wayland, MA 01778-4923
    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

    Google sign-in failed. Please try again or use another login method.