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    Property profile & analytics

    34 Central St Wellesley, MA 02482-5806

    • Retail space
    • 0.21 lot acres
    OFF-MARKET
    Value Estimation
    $3,410,000
    Last Sale
    May 29, 2024
    $3,500,000
    Location Intelligence
    Property ID
    US38-0987682
    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

    • Central Street Wellesley / Shopping Mall
    • We Rock the Spectrum - Wellesley / Indoor Playground
    • Mirage Garage Door Repair / Corporate Office
    • Boston Speech & OT Specialists / Speech Pathologist / Occupational Therapist

    Property Details for 34 Central St

    Lot size
    0.21 lot acres
    Property type
    Retail space
    APN
    WELL M:124 R:086 S:
    APU
    WELLM124R086S

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $3,500,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,770,000
      6.5%
      $3,825,000
      7%
      $3,525,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,840,000
      Geo Method
      $2,700,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,055,000
      Retail
      $3,320,000
      Mixed-Use
      $3,560,000
      Hospitality
      $3,180,000
      Educational
      $3,040,000
      Residential Income
      $3,585,000
      Energy
      $3,115,000
      Income-Based Land
      $3,370,000
      Food Service
      $3,090,000

    Location Insight

    • Map
    • Local Demand
    City
    Wellesley
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.2951
    Latitude
    42.2959
    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
    $82,645
    $0.00
    $7,939,000
    $7,939,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      50,339 SF

      74-102 Central St

      Individual retail properties • 50,339 SF
      74-102 Central St, Wellesley, MA 02482
      View Details
    • Value Estimation by Request
      0.71 Acres

      11 Central St, Unit 23

      RETAIL STORES (PERSONAL SERVICES) • 0.71 Acres
      11 Central St, Wellesley, MA 02482-5801
      View Details
    • Value Estimation by Request
      0.52 Acres

      279 Linden St, Unit 285

      RETAIL STORES (PERSONAL SERVICES) • 0.52 Acres
      279 Linden St, Wellesley, MA 02482-5910
      View Details
    • Value Estimation by Request
      2.07 Acres

      984 Worcester St

      RETAIL STORES (PERSONAL SERVICES) • 2.07 Acres
      984 Worcester St, Wellesley, MA 02482-3709
      View Details
    • Value Estimation
      $12,585,000
      0.51 Acres

      50 Central St

      RETAIL STORES (PERSONAL SERVICES) • 0.51 Acres
      50 Central St, Wellesley, MA 02482
      View Details
    • Value Estimation
      $390,000
      0.24 Acres

      2 Edgemoor Ave

      RETAIL STORES (PERSONAL SERVICES) • 0.24 Acres
      2 Edgemoor Ave, Wellesley, MA 02482-2237
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      32,076 SF

      Rotunda Building in Wellesley Square

      Mixed-use property in the heart of Wellesley Square.
      572-574 Washington St, Wellesley, MA 02482
      View Details
    • $900,000

      Wellesley Land Near Morses Pond

      0.4-acre lot in Wellesley near Morses Pond.
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      Wellesley Square Multifamily Investment Opportunity

      Two-building multifamily property in Wellesley Square, steps from amenities.
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      View Details
    • $350,000
      1,494 SF

      40 Grove St, Unit 3

      Office space in Wellesley
      40 Grove St, Wellesley, MA 02482
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,200 SF

      Retail/Office/Flex Space Available

      Retail, office, or flex space for rent.
      141-145 Linden St, Wellesley, MA 02482
      View Details
    • Contact for pricing
      2,086 SF

      Retail Space in Wellesley, MA

      2,086 SF end cap retail space for lease.
      513 Washington St, Wellesley, MA 02482
      View Details
    • Contact for pricing
      800 SF

      Retail Space in Wellesley, MA

      Retail space available for lease in Wellesley, Massachusetts.
      277 Linden St, Wellesley, MA 02482
      View Details
    • Contact for pricing
      3,200 SF

      Wellesley Square Retail Opportunity

      Retail, medical, fitness, cafe, or restaurant space for lease.
      34-50 Central St, Wellesley, MA 02482
      View Details
    • Contact for pricing
      50,339 SF

      Wellesley Retail Space Available

      Prime Wellesley location, multiple suites, ample parking.
      74-102 Central St, Wellesley, MA 02482
      View Details
    • Contact for pricing
      2,200 SF

      Retail/Office/Flex Space in Wellesley

      2200 SF Retail/Office/Flex space available for lease.
      141 Linden St, Wellesley, MA 02482
      View Details
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    34 Central St
    Wellesley, MA 02482-5806
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    Realmo Value Estimation

    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.

    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.

    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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