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    888 Providence Hwy Dedham, MA 02026-6806
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    Property profile & analytics

    888 Providence Hwy Dedham, MA 02026-6806

    View on Map
    • Retail space
    • 20,160 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US38-0483264
    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
    $2,910,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sherwin-Williams Paint Store / Paint Store / Paintings Store

    Property Details for 888 Providence Hwy

    Year built
    1968
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Property size
    20,160 SF
    Zone code
    HB
    Property type
    Retail space
    APN
    DEDH M:0149 L:0014
    APU
    DEDHM0149L0014

    Description

    This exceptional retail property, located at 888 Providence Highway in Dedham, Massachusetts, offers a prime opportunity for businesses seeking a vibrant and accessible location. The building boasts a total of 26,100 square feet, with 5,014 square feet currently available for lease. This space presents a versatile layout ideal for a variety of retail uses. The property is situated in Norfolk County, offering convenient access to major transportation routes and a strong customer base. Ample parking is provided with 78 spaces available for tenants and customers. The property is classified as multi-tenant, indicating a thriving commercial environment. The address is 888 Providence Highway, Dedham, MA 02026. This is a fantastic opportunity to establish or expand your business in a high-demand area. The available space is ready for immediate occupancy, providing a seamless transition for your operations. The property's strategic location and ample parking ensure high visibility and convenient access for your customers. Don't miss this chance to secure a prominent retail space in a thriving Dedham community. Contact us today to schedule a viewing and explore the possibilities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,785,000
      Market price range: $3.20M - $8.89M

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

    Location Insight

    • Map
    • Local Demand
    City
    Dedham
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.1788
    Latitude
    42.2343
    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
    $83,108
    $1,375,600
    $1,835,700
    $3,211,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,510,000
      9,860 SF

      581 High St

      RETAIL STORES (PERSONAL SERVICES) • 9,860 SF
      581 High St, Dedham, MA 02026-1858
      View Details
    • Value Estimation
      $3,445,000
      40,479 SF

      25 Mcneil Way

      RETAIL STORES (PERSONAL SERVICES) • 40,479 SF
      25 Mcneil Way, Dedham, MA 02026-2650
      View Details
    • Value Estimation
      $1,055,000
      4,050 SF

      865 Providence Hwy

      RETAIL STORES (PERSONAL SERVICES) • 4,050 SF
      865 Providence Hwy, Dedham, MA 02026
      View Details
    • Value Estimation by Request
      1,248 SF

      878 Ee St

      RETAIL STORES (PERSONAL SERVICES) • 1,248 SF
      878 Ee St, Dedham, MA 02026-6318
      View Details
    • Value Estimation by Request
      1,823 SF

      66 Eastern Ave

      RETAIL STORES (PERSONAL SERVICES) • 1,823 SF
      66 Eastern Ave, Dedham, MA 02026-4505
      View Details
    • Value Estimation
      $1,350,000
      6,000 SF

      870 Providence Hwy

      RETAIL STORES (PERSONAL SERVICES) • 6,000 SF
      870 Providence Hwy, Dedham, MA 02026-6806
      View Details

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    Similar Nearby for Lease

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      View Details
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      140,000 SF

      Retail Space in Dedham Pointe

      Open-air shopping destination in Dedham, Massachusetts, anchored by grocery.
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      View Details
    • Contact for pricing
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      Retail Space on Bridge Street

      Retail space for lease near major retailers and highways.
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      View Details
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    Dedham, MA 02026-6806
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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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