50 Thomas Patten Dr Randolph, MA 02368-3975
This exceptional 15,000-square-foot medical office space is situated on the first floor of a two-story Class B building at 50 Thomas Patten Drive, Randolph, MA 02368. The property, built in 1977 and extensively renovated in 2019, offers flexible lease options ranging from 5,000 to 15,000 contiguous square feet, ideal for a variety of medical practices. The space features 36 pre-wired cubicles, 13 perimeter offices, and a large conference room. A significant advantage is the inclusion of dedicated lab space equipped with a fire suppression system and a convenient loading dock. The building boasts ample parking with 50 spaces, enhancing convenience for both staff and clients. Recent upgrades include landscaping, façade improvements, and modernized bathrooms. The property's location is easily accessible, just off Route 24, providing excellent visibility and convenient access for patients and employees. The lease rate is $17 per square foot, plus utilities and common area maintenance. This move-in ready space is adaptable to suit specific needs. The total building size is 30,000 square feet.
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Whitridge Associates Inc. Employment Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GBHD · Randolph, MARandolph. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.