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    5 Commonwealth Rd Natick, MA 01760-1526
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    Property profile & analytics

    5 Commonwealth Rd Natick, MA 01760-1526

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    • Office buildings
    • 26,106 SF
    • 1.48 lot acres
    For Lease
    $4,085,000
    View Listing →
    Natick Office Space for Lease For Lease
    $4,085,000
    27,000 SF

    Natick Office Space for Lease

    2,090 SF office space in a renovated building.

    5 Commonwealth Road, Natick, MA 1760
    View Listing
    Property ID
    US38-0732267
    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
    $4,085,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Mahony & Reeve LLC / Accounting Firm / Tax Preparation
    • Zack & Co PC / Accounting Firm / Tax Preparation
    • Murphy & Lupan / Law Firm
    • Total Counsel Law Group / Law Firm
    • Hornung & Scimone PC / Law Firm

    Property Details for 5 Commonwealth Rd

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.48 lot acres
    Property size
    26,106 SF
    Zone code
    RSA
    Property type
    Office buildings
    APN
    NATI M:00000010 P:00000023
    APU
    NATIM00000010P00000023

    Description

    This exceptional 2,090 square foot executive office suite is situated on the third floor of a Class B building at 5 Commonwealth Road, Natick, MA 01760. The space boasts a fully built-out interior featuring large corner windows, providing ample natural light. Located in Middlesex County, this property offers easy access to major transportation arteries, including Route 9, Route 30, and the Mass Pike, ensuring convenient commutes for employees and clients. The building, constructed in 1985, is undergoing significant renovations, encompassing upgraded common areas and landscaping enhancements. This prime location within Natick's Golden Triangle, a major New England retail district, places the property within steps of Speen Street and offers proximity to numerous retail amenities, including the Natick Mall and Shopper's World. The building totals 27,000 square feet and currently has one suite available for lease. Its strategic location provides easy access to Boston (30 minutes) and Worcester (under 40 minutes). This is an unparalleled opportunity for businesses seeking a prestigious and convenient office space in a thriving commercial area. The total building consists of a single suite.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,840,000
      ML approach
      $3,860,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,435,000
      Market price range: $3.04M - $6.32M
      AI Estimate
      $3,371,000
      Market price range: $1.13M - $5.70M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $5,020,000
      Current use
      COMMERCIAL (GENERAL)
      $6,745,000
      Change: +34% Conversion: Easy
      APARTMENT HOUSE (5+ UNITS)
      $6,015,000
      Change: +20% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Natick
    County
    Middlesex
    State
    Massachusetts
    Longitude
    -71.3812
    Latitude
    42.3084
    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
    $47,433
    $1,673,500
    $2,195,400
    $3,868,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $755,000
      2,946 SF

      150 Central St

      OFFICE BUILDING • 2,946 SF
      150 Central St, Natick, MA 01760-3629
      View Details
    • Value Estimation
      $855,000
      3,300 SF

      247 Central St

      OFFICE BUILDING • 3,300 SF
      247 Central St, Natick, MA 01760-3774
      View Details
    • Value Estimation by Request
      2,304 SF

      21 Cochituate St

      OFFICE BUILDING • 2,304 SF
      21 Cochituate St, Natick, MA 01760-3416
      View Details
    • Value Estimation
      $515,000
      3,158 SF

      63 Main St

      OFFICE BUILDING • 3,158 SF
      63 Main St, Natick, MA 01760-4921
      View Details
    • Value Estimation
      $2,600,000
      8,120 SF

      83 Speen St

      OFFICE BUILDING • 8,120 SF
      83 Speen St, Natick, MA 01760-4183
      View Details
    • Value Estimation
      $4,060,000
      16,160 SF

      27 Strathmore Rd

      OFFICE BUILDING • 16,160 SF
      27 Strathmore Rd, Natick, MA 01760-2442
      View Details

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    Similar Nearby for Lease

    • Contact for pricing

      Renovated Office Building with Elevator

      Modern office suites available for lease near downtown and transit.
      4 Mechanic St, Natick, MA 01760
      View Details
    • Contact for pricing

      Renovated Office Building with Elevator

      Modern office suites with reception area, walkable to transportation.
      4 Mechanic St, Natick, MA 01760
      View Details
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      Renovated Office Building with Elevator

      Modern office space available for immediate occupancy near downtown.
      4 Mechanic St, Natick, MA 01760
      View Details
    • $6,000 /Mo

      Standalone Office Buildings For Lease

      Two office buildings on a corner lot available for lease.
      180 W Central St, Natick, MA 01760
      View Details
    • Contact for pricing
      2,600 SF

      Route 9 Office Space Available

      9,100 SF office building with Route 9 frontage.
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      View Details
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      Natick Office Space For Rent

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      View Details
    View Listing
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    5 Commonwealth Rd
    Natick, MA 01760-1526
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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.

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