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    45 Colpitts Rd Weston, MA 02493-1546
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    Property profile & analytics

    45 Colpitts Rd, Weston, MA 02493-1546

    View on Map
    • Office buildings
    • 5,414 SF
    • 0.46 lot acres
    Off-Market
    Last Sale Apr 17, 2025
    $2,300,000
    Property ID
    US38-1273882
    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
    $1,985,000
    Show details
    Cap Rate Potential
    9.1%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • Office buildings

    Property Details for 45 Colpitts Rd

    Year built
    1996
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property type
    Office buildings
    APN
    WEST M:027.0 L:0045 S:000.0
    APU
    WESTM0270L0045S0000

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 17, 2025 $2,300,000 45 Colpitts LLC Newton Wellesley Hospital Deed $1.7M · Bank Of Canton
    Jul 3, 2024 — Newton-wellesley Hospital Newell Properties INC Quit Claim Deed · related —
    Nov 2, 1995 $675,000 Newell Prop INC Munrow RT Grant Deed —
    Dec 5, 1989 $375,000 Munrow RT Colpitts,david B Grant Deed $300k · Waltham Svgs Bk

    Description

    This exceptional 4,982 square-foot medical office building in Weston, Massachusetts, presents a unique investment opportunity. Located at 45 Colpitts Road, this Class B property boasts a single tenancy with a remaining lease term of approximately 0.9 years. Currently 26% leased to Gynecology Partners, the building offers a turnkey environment for future healthcare tenants or owner-users. Built in 1996, the two-story building sits on a 0.46-acre lot and features ample parking, with a 5.0/1,000 SF parking ratio. The property is zoned for Business A & B uses, providing flexibility for various medical practices. The gross lease structure simplifies management, and the building's existing clinical space is ready for immediate occupancy. Its strategic location just off Boston Post Road, Weston's main commercial thoroughfare, ensures excellent visibility and access to local amenities. The property is offered free and clear of debt. This is a rare opportunity to acquire a well-situated medical office building in a desirable Massachusetts location. The building's existing lease provides immediate cash flow, while the significant remaining space presents potential for substantial rental income growth. The property's features and location make it an ideal investment for both healthcare providers and real estate investors seeking a stable, high-demand asset.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,015,000
      ML approach
      $1,885,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,903,000
      Market price range: $660k - $1.90M
      AI Estimate
      $1,497,000
      Market price range: $359k - $1.50M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $1,570,000
      AUTO REPAIR, GARAGE
      $1,525,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,500,000
      RETAIL STORES
      $1,460,000
      COMMERCIAL (GENERAL)
      $1,400,000
      APARTMENT HOUSE (5+ UNITS)
      $1,245,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Weston
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3043
    Latitude
    42.3661
    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
    $20,052
    $903,900
    $899,300
    $1,803,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $860,000
      2,689 SF

      426 Boston Post Rd

      OFFICE BUILDING
      426 Boston Post Rd, Weston, MA 02493-1557
      View Details
    • Value Estimation
      $1,320,000
      4,344 SF

      158 Boston Post Rd

      OFFICE BUILDING
      158 Boston Post Rd, Weston, MA 02493-2543
      View Details
    • Value Estimation
      $735,000
      3,340 SF

      483 Boston Post Rd

      OFFICE BUILDING
      483 Boston Post Rd, Weston, MA 02493-1561
      View Details
    • Value Estimation
      $2,325,000
      8,602 SF

      30 Colpitts Rd

      OFFICE BUILDING
      30 Colpitts Rd, Weston, MA 02493-1534
      View Details
    • Value Estimation
      $21,545,000
      80,702 SF

      20 Riverside Rd

      OFFICE BUILDING
      20 Riverside Rd, Weston, MA 02493-2231
      View Details
    • Value Estimation
      $1,400,000
      4,765 SF

      152 Boston Post Rd

      OFFICE BUILDING
      152 Boston Post Rd, Weston, MA 02493-2543
      View Details

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    Similar Nearby for Lease

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      121,086 SF

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      Highly visible Class A office space in Weston, Massachusetts.
      1 Riverside Rd, Weston, MA 02493
      View Details
    • Contact for pricing
      130,771 SF

      Class A Office Space Available

      Highly visible Class A office space for rent in Weston.
      15 Riverside Rd, Weston, MA 02493
      View Details
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      Class A Office Space Available

      Highly visible Class A office space in Weston, Massachusetts.
      20 Riverside Rd, Weston, MA 02493
      View Details
    • Contact for pricing

      Weston Center Storefront/Office Sublease

      First-floor retail or office space in Weston Center.
      439 Boston Post Rd, Weston, MA 02493
      View Details
    • Contact for pricing
      62,686 SF

      Accessible Office Space in Weston

      Class A office space with highway visibility and accessibility.
      9 Riverside Rd, Weston, MA 02493
      View Details
    • Contact for pricing
      24,990 SF

      Weston Office Space Sublease

      Office space for sublease in Weston, Massachusetts.
      133 Boston Post Rd, Weston, MA 02493
      View Details
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    Weston, MA 02493-1546
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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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    45 Colpitts Rd, Weston, MA, 02493
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