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    321 Commonwealth Rd Wayland, MA 01778
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    Property profile & analytics

    321 Commonwealth Rd Wayland, MA 01778

    View on Map
    • Office buildings
    • 60,057 SF
    • 4.27 lot acres
    For Lease
    $25 SF/Yr
    View Listing →
    Wayland Flex/Industrial/Office Space Available For Lease
    $25 SF/Yr

    Wayland Flex/Industrial/Office Space Available

    Flex, industrial, and office spaces for lease in Wayland.

    321 Commonwealth Road, Wayland, MA 1778
    View Listing
    Property ID
    US38-1490969
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Stanmar, Inc. / Construction Company
    • C2 Premium Marketing / Advertising Agency / Marketing & Advertising
    • Celebration Travel / Travel Agency
    • MembersFirst Health & Fitness Club Home Page / Gym & Fitness Center
    • The Clifford Group LLC / Financial Advisor

    Property Details for 321 Commonwealth Rd

    Year built
    1979
    Construction
    CONCRETE
    Lot size
    4.27 lot acres
    Property size
    60,057 SF
    Zone code
    BA
    Property type
    Office buildings
    APN
    WAYL M:52 L:159
    APU
    WAYLM52L159

    Description

    This exceptional Class A executive office property, located at 321 Commonwealth Road in Wayland, Massachusetts, offers a rare opportunity for businesses seeking premium space in Middlesex County. The building totals 6,536 square feet and features two suites, with 5,148 square feet currently vacant and immediately available for lease. Individual suites range from a minimum of 1,582 square feet to a maximum contiguous space of 5,148 square feet, providing flexibility for various business needs. The building boasts impressive 8'6" ceilings and ample parking, with a ratio of 3.2 spaces per 1,000 square feet. The property is well-equipped with robust power infrastructure, including a 1,600 AMP, 480/270-volt system, ensuring reliable power for even the most demanding operations. Its convenient location in Wayland, MA, offers easy access to major transportation routes and amenities. This is an ideal opportunity for businesses seeking a modern, efficient, and well-located executive office space. The property is classified as Office and Industrial, specifically catering to executive office tenants. Contact us today to schedule a viewing and explore the possibilities of establishing your business in this exceptional location. The zip code is 01778.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $3,536,000
      Market price range: $2.92M - $8.78M

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

    Location Insight

    • Map
    • Local Demand
    City
    Wayland
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.354
    Latitude
    42.3219
    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
    $118,053
    $1,539,900
    $6,066,600
    $7,606,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
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      2,754 SF

      14 Pln St

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      14 Pln St, Wayland, MA 01778-4470
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    • Value Estimation
      $940,000
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      267 Boston Post Rd

      OFFICE BUILDING • 4,116 SF
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    • Value Estimation
      $840,000
      3,316 SF

      286 Boston Post Rd

      OFFICE BUILDING • 3,316 SF
      286 Boston Post Rd, Wayland, MA 01778-1823
      View Details
    • Value Estimation
      $1,440,000
      5,796 SF

      241 Boston Post Rd

      OFFICE BUILDING • 5,796 SF
      241 Boston Post Rd, Wayland, MA 01778-1836
      View Details
    • Value Estimation by Request
      552 SF

      328 Old Connecticut Path

      OFFICE BUILDING • 552 SF
      328 Old Connecticut Path, Wayland, MA 01778-3419
      View Details

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      3,050 SF

      Retail Space Available For Sale

      Retail space available for sale with 3050 square feet.
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      Dudley Pond Waterfront Lot

      Large lot on Dudley Pond with expired septic approval.
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      Waterfront Lot on Dudley Pond

      Large lot with dock on Dudley Pond, Wayland, MA.
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      Buildable Lot Overlooking Dudley Pond

      Approved .85 acre lot with water views and dock rights.
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    Similar Nearby for Lease

    • Contact for pricing
      640 SF

      Office Space on Route 20

      Well-maintained office space with flexible lease terms and easy parking.
      260 Boston Post Rd, Wayland, MA 01778
      View Details
    • $18 SF/Yr

      Wayland Office Space For Lease

      Office space available in Wayland, Massachusetts with ample parking.
      30 Boston Post Rd, Wayland, MA 01778
      View Details
    • Contact for pricing

      Wayland Flex/Industrial/Office Space Available

      Flex, industrial, and office spaces for lease in Wayland.
      321 Commonwealth Rd, Wayland, MA 01778
      View Details
    • Contact for pricing

      Former Bank with Drive-Thru

      Highly visible former bank with drive-thru and ample parking.
      54 Boston Post Rd, Wayland, MA 01778
      View Details
    • Contact for pricing
      3,000 SF

      Wayland Retail Center - Main Street

      Prime Wayland Retail Space Available
      44 Main St, Wayland, MA 01778
      View Details
    • Contact for pricing
      3,150 SF

      Freestanding Building with Drive-Thru

      Former bank with drive-thru, shadow-anchored in affluent Wayland.
      326 Boston Post Rd, Wayland, MA 01778
      View Details
    View Listing
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    Wayland, MA 01778
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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.

    More about this property
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