Property profile

315 University Ave 2ND Westwood, MA 02090

FOR LEASE
Office buildings
Property ID
US38-0660969
29,760 SF 2.62 ac lot Built 1981
Entity Owned 5-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional office space in Westwood, Massachusetts, offers a diverse range of solutions for businesses of all sizes. Located at 315 University Ave, in Norfolk County, this property provides flexible options to suit your specific needs. Choose from traditional private offices, fully furnished and equipped for individuals or large teams, scalable from one to over 100 desks. Customizable options are available, including serviced offices, disaster recovery spaces, and day offices, offering access as needed. For a more collaborative environment, coworking spaces are available, allowing you to reserve a dedicated desk or utilize a hot-desk option. The property also features a comprehensive suite of meeting rooms, adaptable for various uses, from informal chats to large-scale conferences. Need a prestigious business address without the overhead? Virtual office options are available, including mail handling and professional virtual assistant services, with varying levels of office access included. Finally, flexible working plans provide access to a global network of workspaces, offering unparalleled convenience and adaptability. This property is ideal for businesses seeking a modern, versatile, and strategically located workspace in Westwood, MA. The property type is classified as Traditional Office, Executive Office, Coworking, and Medical Office, making it suitable for a wide range of professional uses. The tenancy is multiple, indicating shared occupancy. While the total building square footage is not specified, the available office spaces range in size to accommodate various business needs.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1981
Construction STEEL FRAME
Total area 29,760 SF
Lot 2.62 ac (114,127 SF)
APN WWOO M:037 B:000 L:014
UPID US38-0660969

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Accounting Firm Tax Preparation
  • Spa & Massage Center Alternative Medicine Practice
  • Medical Clinic Skin Care Clinic
  • Interior Design Home Decor Store
  • Hair Salon

Location

315 University Ave, Unit 2ND Westwood, MA 02090
Westwood metro Census 412300 BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$9.94M
CAP Approach CAP
$10.72M
Comparable Approach Comparable
$12.11M
Blend (final) Blend
$10.11M

Owner & transaction history

since 2021
Last sale
$7.5M
4 recorded transactions
2021
$7.5M
2015
$8.0M
2012
$4.0M
2012
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $12.8M +46.3%
Auto repair, garage $9.6M +9.8%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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