692 High StWestwood, MA 02090

Property Details for 692 High St

Year built

1965

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.24 AC

Property size (Sq ft)

3,828 SF

Property type

Office properties

Property subtype

Office buildings

APN

WWOO M:014 B:000 L:127

APU

WWOOM014B000L127

Description

This exceptional investment opportunity presents a two-story, 3,828 square foot Class B office building situated on a desirable 0.24-acre corner lot in Westwood, MA (02090). The property boasts a prime location at 692 High Street, offering excellent visibility and convenient access to I-95/Rt-128. Currently 100% occupied by a national tenant (Coldwell Banker) under a Net Lease agreement expiring August 31, 2025, this single-tenant property provides a stable income stream with a remaining lease term of approximately 0.8 years. The building features 10 parking spaces and a large basement, adding to its functionality and appeal. With a strong Net Operating Income (NOI) of $162,000 and an attractive cap rate of 6.76%, this property offers a compelling return on investment. The asking price is $2,395,000, translating to a price per square foot of $625.65. Surrounded by high-end residential properties and other established businesses, this location offers significant potential for long-term growth and appreciation. The property's size and location make it an ideal investment for both passive income generation and future development possibilities. This is a rare opportunity to acquire a well-located, income-producing asset in a thriving Massachusetts community.

• CAP approach

  CAP return

  Valuation

  6%

  $632,883

  6.5%

  $584,199

  7%

  $542,471

• Comparable approach

  Method

  Valuation

  Relative Method

  $500,166

  Geo Method

  $500,166

• Alternative Use

  Use

  Valuation

  Residential

  $724,407

  Hospitality

  $663,553

  Educational

  $552,068

  Medical

  $571,055

  Retail

  $858,773

Location Insight

City

Westwood

County

Norfolk

State

Massachusetts

Latitude

42.2247

Longitude

-71.2224

CBSA code

14460

CBSA name

BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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