195 Worcester StWellesley, MA 02482

Property Details for 195 Worcester St

Lot size

1.05 AC

Property type

Office properties

Property subtype

Office buildings

APN

WELL M:015 R:030 S:

APU

WELLM015R030S

Description

This exceptional 1,879 square foot Class A medical office space is part of a four-building complex located at 195 Worcester Street in Norfolk County. The property, situated within the David Nassif Office Park, offers a single, readily available suite within a larger 13,879 square foot building. This prime location provides unparalleled access to major transportation arteries, including the intersection of Route 9 and Route 128, and is a mere two miles from the Massachusetts Turnpike. Boston's city center is only a 15-minute commute away, offering employees and clients convenient access to a major metropolitan area. The property benefits from its proximity to numerous corporate headquarters and medical facilities within a five-mile radius. The space is ideal for a variety of medical practices or corporate offices, offering flexible floor plans to accommodate diverse needs. Furthermore, planned upgrades to common areas will enhance the overall experience for tenants. This presents a unique opportunity to establish a presence in a thriving, well-connected location with excellent amenities. The building features multiple tenants, ensuring a vibrant and collaborative environment.

• CAP approach

  CAP return

  Valuation

  6%

  $7,539,868

  6.5%

  $6,959,879

  7%

  $6,462,744

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,958,750

  Geo Method

  $5,958,750

• Alternative Use

  Use

  Valuation

  Residential

  $8,630,250

  Hospitality

  $7,905,262

  Educational

  $6,577,086

  Medical

  $6,803,282

  Retail

  $10,231,022

Location Insight

City

Wellesley

County

Norfolk

State

Massachusetts

Latitude

42.3162

Longitude

-71.2452

CBSA code

14460

CBSA name

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

Property Tax & Assessments

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