45 Colpitts Rd Weston, MA 02493-1546
- Office buildings
- 5,414 SF
- 0.46 lot acres
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 size
- 5,414 SF
- Property type
- Office buildings
- APN
- WEST M:027.0 L:0045 S:000.0
- APU
- WESTM0270L0045S0000
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 Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,015,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,135,000
- 6.5%
- $2,180,000
- 7%
- $2,200,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,480,000
- Geo Method
- $2,550,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,415,000
- Retail
- $1,935,000
- Mixed-Use
- $2,335,000
- Hospitality
- $2,215,000
- Educational
- $2,080,000
- Residential Income
- $2,260,000
- Energy
- $1,950,000
- Income-Based Land
- $2,565,000
- Food Service
- $2,185,000
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
