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    Property profile & analytics

    6 W Mill St, Unit 3 Medfield, MA 02052

    • Office buildings
    • 3,728 SF
    • 0.34 lot acres
    For Lease
    View listing
    $30 SF/Yr
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1225026
    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.

    Current Use by Public Records

    • Wealth Advisory Group / Financial Advisor
    • Medfield Eye Associates / Physician
    • Ryan Timothy J DPM / Physician
    • D'Ortenzio Oil Co Inc / Big Box & Wholesale Store
    • Mesa Systems Co / Factory / Industrial Manufacturer

    Property Details for 6 W Mill St

    Year built
    1983
    Construction
    FRAME
    Lot size
    0.34 lot acres
    Property size
    3,728 SF
    Zone code
    BI
    Property type
    Office buildings
    APN
    MEDF M:0048 B:0000 L:0056
    APU
    MEDFM0048B0000L0056

    Description

    This exceptional 750-square-foot office suite, located at 6 West Mill Street, suite 3, presents a fantastic opportunity for a single tenant. Situated on the second floor of a two-story building, this traditional office space boasts three private offices, perfect for individual work or small teams. A dedicated breakroom provides a comfortable space for employees to relax, while a private bathroom adds a touch of convenience and privacy. The open central area offers flexibility for various uses, such as a reception area, collaborative workspace, or additional office space. The monthly rent is $1,900, plus electricity. The building is conveniently located just off Route 27, offering easy access to major transportation routes and enhancing its appeal for businesses seeking a strategic location. This single-tenant occupancy ensures privacy and control over the entire space. The property is ideal for a variety of businesses seeking a well-appointed and conveniently located office space. The suite's layout is efficient and functional, maximizing space utilization. This is a rare opportunity to secure a well-maintained and conveniently located office suite in a desirable area. Don't miss out on this chance to establish your business in this prime location. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,455,000
      6.5%
      $1,340,000
      7%
      $1,245,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,259,000
      Market price range: $596k - $1.69M
      AI Estimate
      $1,018,000
      Market price range: $596k - $1.14M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,095,000
      Current use
      AUTO REPAIR, GARAGE
      $1,200,000
      Change: +10% Conversion: Difficult
      RETAIL STORES
      $1,090,000
      Change: -0% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $955,000
      Change: -13% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Medfield
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.3236
    Latitude
    42.1933
    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
    $8,895
    $260,200
    $347,400
    $607,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,125,000
      16,000 SF

      67 Ww St

      OFFICE BUILDING • 16,000 SF
      67 Ww St, Medfield, MA 02052-1577
      View Details
    • Value Estimation by Request
      1,911 SF

      511 Main St

      OFFICE BUILDING • 1,911 SF
      511 Main St, Medfield, MA 02052-2505
      View Details
    • Value Estimation
      $545,000
      1,653 SF

      2 Ml St

      OFFICE BUILDING • 1,653 SF
      2 Ml St, Medfield, MA 02052-1507
      View Details
    • Value Estimation
      $1,210,000
      3,728 SF

      4 Ml St

      OFFICE BUILDING • 3,728 SF
      4 Ml St, Medfield, MA 02052-1553
      View Details
    • Value Estimation
      $4,260,000
      12,205 SF

      50 Nn St

      OFFICE BUILDING • 12,205 SF
      50 Nn St, Medfield, MA 02052-1654
      View Details
    • Value Estimation
      $1,160,000
      3,466 SF

      66 Nn St

      OFFICE BUILDING • 3,466 SF
      66 Nn St, Medfield, MA 02052-1657
      View Details

    Similar Nearby for Sale

    • $650,000
      2.91 Acres

      Land in Desirable Medfield Neighborhood

      Rare opportunity to build your dream home in Medfield, MA.
      3 Shining Valley Cir, Medfield, MA 02052
      View Details
    • $84,900

      Medfield Office Condo for Sale

      Own Your Business Space - Low Monthly Costs
      5 Mill St, Medfield, MA 02052
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,500 SF

      Medfield Office Space Available

      1500 sq ft office space for rent in Medfield.
      266 Main St, Medfield, MA 02052
      View Details
    • $1.00 SF/Yr

      Medfield Flex Space Available

      Flex spaces available for lease with loading access and parking.
      93 West St, Medfield, MA 02052
      View Details
    • $30 SF/Yr
      14,623 SF

      Medfield Office Suite For Rent

      Second-floor office suite featuring private offices, breakroom, and bathroom.
      6 W Mill St, Medfield, MA 02052
      View Details
    • Contact for pricing
      4,000 SF

      Medfield Industrial Flex Space

      Industrial flex space with air conditioning and ample parking.
      102 Adams St, Medfield, MA 02052
      View Details
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    6 W Mill St, Unit 3
    Medfield, MA 02052
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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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