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Property profile & analytics
OFF-MARKET Estimated value $4,970,000
Office buildings

50 Thomas Patten Dr Randolph, MA 02368-3975

29,768 SF 1.76 ac lot Built 1976
Entity Owned 7-yr Hold ~ Est. High Equity
Property ID
US38-1581393
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1976
Construction STEEL FRAME
Total area 29,768 SF
Lot 1.76 ac (76,666 SF)
Zoning code GBHD
APN RAND M:58 B:A L:0088
UPID US38-1581393
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Whitridge Associates Inc. Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$5.54M
Blend (final) Blend
$4.97M
Owner & transaction history
Aeg Realty LLC · 7 yrs held
Aeg Realty LLC
since 2018
7 recorded transactions
2023
Price N/A
2018
$2.9M
2012
Price N/A
2008
Price N/A
2008
Price N/A
2008
$4.6M
2004
Price N/A
Zoning & alternative use
GBHD · Randolph, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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