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    44 Main St Wayland, MA 01778

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    44 Main St Wayland, MA 01778

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    • Super regional malls
    • 10,160 SF
    • 0.99 lot acres
    For Lease
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    Wayland Retail Center - Main Street For Lease
    Contact for pricing

    Wayland Retail Center - Main Street

    Prime Wayland Retail Space Available

    44 Main St, Wayland, MA 01778
    View Listing
    Property ID
    US38-0815427
    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

    • Starbucks / Cafe & Coffee Shop
    • Fitness Together / Gym & Fitness Center
    • Einstein Bros. Bagels / Cafe & Coffee Shop
    • Mattucci Heating & Air Conditioning / Hardware & Home Improvement / General Contractor

    Property Details for 44 Main St

    Year built
    1997
    Construction
    FRAME
    Lot size
    0.99 lot acres
    Property size
    10,160 SF
    Zone code
    BUSA
    Property type
    Super regional malls
    Property subtype
    Shopping centers
    APN
    WAYL M:51D L:024
    APU
    WAYLM51DL024

    Description

    This exceptional 3,000 square foot retail space, located at 44 Main Street in Wayland, Massachusetts, presents a unique investment opportunity. The property, known as Cochituate Commons, is a multi-tenant strip center offering ample space for a variety of retail businesses. Currently, the entire 3,000 square feet is available for lease, providing a blank canvas for a new tenant to establish their presence in this thriving community. The property boasts excellent visibility and accessibility from Main Street, ensuring high foot traffic and brand recognition. With 83 parking spaces readily available, customers will find convenient parking, enhancing the overall shopping experience. Situated in Middlesex County, this location benefits from a strong local economy and a dense residential population, providing a robust customer base. The property's prime location and substantial square footage make it an ideal space for a variety of retail concepts. This is a rare opportunity to secure a prominent retail space in a desirable Massachusetts town. The property is ready for immediate occupancy, allowing for a swift and efficient start to your business operations. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $2,815,000
      Current use
      RESTAURANT
      $2,950,000
      Change: +5% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $2,860,000
      Change: +2% Conversion: Difficult
      RETAIL STORES
      $2,740,000
      Change: -3% Conversion: Easy
      COMMERCIAL (GENERAL)
      $2,625,000
      Change: -7% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $2,340,000
      Change: -17% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Wayland
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.364
    Latitude
    42.3168
    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
    $34,214
    $469,000
    $1,735,500
    $2,204,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $4,715,000
      30,646 SF

      297 Boston Post Rd

      REGIONAL SHOPPING CENTER, MALL • 30,646 SF
      297 Boston Post Rd, Wayland, MA 01778-1827
      View Details
    • Value Estimation
      $1,065,000
      7,069 SF

      116 Main St

      REGIONAL SHOPPING CENTER, MALL • 7,069 SF
      116 Main St, Wayland, MA 01778-4919
      View Details
    • Value Estimation
      $4,375,000
      30,646 SF

      297 Boston Post Rd

      REGIONAL SHOPPING CENTER, MALL • 30,646 SF
      297 Boston Post Rd, Wayland, MA 01778-1827
      View Details
    • Value Estimation
      $745,000
      21,768 SF

      533 Boston Post Rd

      VEHICLE SALES, RENTALS • 21,768 SF
      533 Boston Post Rd, Wayland, MA 01778-1834
      View Details
    • 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
      $1,470,000
      24,980 SF

      533 Boston Post Rd

      VEHICLE SALES, RENTALS • 24,980 SF
      533 Boston Post Rd, Wayland, MA 01778-1834
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      3,050 SF

      Retail Space Available For Sale

      Retail space available for sale with 3050 square feet.
      54 Boston Post Rd, Wayland, MA 01778
      View Details
    • $759,000
      Pending

      Land Available in Wayland

      Land for sale in Wayland, Massachusetts.
      123 Dudley Rd, Wayland, MA 01778
      View Details
    • Contact for pricing

      Private Parcel in Premier Location

      Private 0.80-acre parcel in Wayland, convenient to amenities.
      17A Glezen Ln, Wayland, MA 01778
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      Dudley Pond Waterfront Lot

      Large lot on Dudley Pond with expired septic approval.
      123 Dudley Rd, Wayland, MA 01778
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    • Contact for pricing

      Waterfront Lot on Dudley Pond

      Large lot with dock on Dudley Pond, Wayland, MA.
      123 Dudley Rd, Wayland, MA 01778
      View Details
    • Contact for pricing

      Buildable Lot Overlooking Dudley Pond

      Approved .85 acre lot with water views and dock rights.
      108 Dudley Rd, Wayland, MA 01778
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    Similar Nearby for Lease

    • 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

      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
      3,150 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
    • $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
      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
    • 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
    View Listing
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    44 Main St
    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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