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Financial
Distress signals
Property profile

40 Grove St Wellesley, MA 02482

FOR LEASE
Office buildings
Property ID
US38-1817224
1.49 ac lot
Last sale Nov 2023 · $15,000,000
Individually Owned Owner of record is an individual. 2-yr Hold Held for 2 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Market Trends Soon
40 Grove St, Wellesley, MA 02482 For Lease 1 / 2
$45 SF/Yr 4,401 SF available
40 Grove St, Wellesley, MA 02482
View Listing

Property summary

AI-generated overview

This property in Wellesley, Massachusetts offers office space with multiple available unit sizes, including 402, 1,172, 1,333, and 1,494 square feet. The building is located on Grove Street.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2024

What does the county charge?
$148k
Tax billed · 2024
Assessed value$14.24M
Assessed improvement$14.24M
Effective rate1.04%

Value estimate

· Oct 2026
$15.97M
$14.37M – $17.56M
AI approach$10.39M
NOI build-up
Gross scheduled income$154k
Vacancy & credit loss−$25k
Operating expenses−$32k
NOI · 214,611.11% cap applied$97k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$293/SF
County average, outlier-cleaned · 351 recorded sales of this use type
Observed band · Q1–Q3$160 – $452

Cap rate analysis

How does the asset earn?
214,611.11%
$97k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionWELLESLEY

Location intelligence

Which uses thrive at this corner?
Best fit: Grocery Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Grocery Store10.4
Food Market10.4
Electrical Service10.0

Location

40 Grove St Wellesley, MA 02482
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 12 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
103 Central, Wellesley, MA 02482-5710 $5,025,000 Oct 2022 No data
1 Hollis, Wellesley, MA 02482-4631 $10,950,000 Aug 2022 No data
141-145 Linden, Wellesley, MA 02482 $5,000,000 Dec 2021 No data
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation
    $370,000
    0.13 Acres
    869 Worcester St
    OFFICE BUILDING
    869 Worcester St, Wellesley, MA 02482-3702
    View Details
  • Value Estimation
    $5,865,000
    0.77 Acres
    141-145 Linden St
    OFFICE BUILDING
    141-145 Linden St, Wellesley, MA 02482
    View Details
  • Value Estimation
    $700,000
    0.84 Acres
    277 Linden St
    OFFICE BUILDING
    277 Linden St, Wellesley, MA 02482-5900
    View Details
  • Value Estimation
    $400,000
    0.57 Acres
    287-289 Linden St
    OFFICE BUILDING
    287-289 Linden St, Wellesley, MA 02482
    View Details
  • Value Estimation
    $10,905,000
    1.52 Acres
    1 Hollis St
    OFFICE BUILDING
    1 Hollis St, Wellesley, MA 02482-4631
    View Details
  • Value Estimation
    $355,000
    0.81 Acres
    592 Washington St
    OFFICE BUILDING
    592 Washington St, Wellesley, MA 02482-6417
    View Details

Similar in This City for Lease

  • New
    Contact for pricing
    3,311 sqft
    Freestanding Multi-Tenant Office Building
    Signalized-intersection setting with on-site parking and building security.
    999 Worcester St, Wellesley, MA 02482
    View Details
  • New
    Contact for pricing
    123,779 sqft
    Four-Story Office Building in Wellesley
    Four-story office building in a seven-building complex.
    45 William Street, Wellesley, MA 02481
    View Details
  • New
    Contact for pricing
    28,014 sqft
    Wellesley Office Park Building
    Three-story office building in a seven-building complex.
    55 William Street, Wellesley, MA 02481
    View Details
  • New
    Contact for pricing
    45,472 sqft
    Office Park on Charles River
    Office buildings in Wellesley, MA, with access to major routes.
    100 William Street, Wellesley, MA 02481
    View Details
  • New
    Contact for pricing
    93,984 sqft
    Wellesley Office Park Building
    Four-story office building in a seven-building complex.
    20 William Street, Wellesley, MA 02481
    View Details
  • New
    Contact for pricing
    32,076 sqft
    Rotunda Building in Wellesley Square
    Mixed-use property in the heart of Wellesley Square.
    Washington St 572-574, Wellesley, MA
    View Details
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