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490 N Main St 12,000 SF 93% Leased Office Building Randolph, MA 02368 $2,700,000 ($225/SF) 7.90% Cap Rate
Executive Summary
Investment Opportunity! Great Cash Flow! 35 Commercial Offices on busy Randolph route! Close to everything!!!Here is a rare opportunity to own this elegant, field stone and wood frame, High Queen Ann Style Victorian Mansion (The Belcher Mansion) converted to professional office space and attached professional office building. This 23,000 (+/-) sf office complex, known as The Belcher Professional Center, is the ideal South Shore location for businesses and professionals looking to locate on the route 28 corridor between the I-93 / Route 128 split and Randolph Center. The complex offers distinctive quarters for a business that wants to set itself apart from companies located in the typical cookie-cutter office space. Offices in “The Mansion” make an enterprise stand out as focused on quality and class. This is a great investment opportunity for investors or users.See attachments for Expenses and rent roll!! Cap Rate is 7.9%
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Building Size
12,000 SF
Building Class
C
Year Built
1920
Price
$2,700,000
Price Per SF
$225
Cap Rate
7.90%
NOI
$213,300
Percent Leased
93%
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
4,392 SF
Slab To Slab
11’
Building FAR
0.29
Lot Size
0.96 AC
Opportunity Zone
Yes
Zoning
BP - Business
Parking
69 Spaces (5.24 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Signage
Space Availability
- Space
- Size
- Space Use
- Build-Out
- Available
Shared restrooms, not add compliant.
Shared restrooms, not add compliant.
| Space | Size | Space Use | Build-Out | Available |
| 1st Floor | 120 SF | Office | Full Build-Out | Now |
| 3rd Floor | 750 SF | Office | Full Build-Out | Now |
1st Floor
| Size |
| 120 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
3rd Floor
| Size |
| 750 SF |
| Space Use |
| Office |
| Build-Out |
| Full Build-Out |
| Available |
| Now |
1st Floor
| Size | 120 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Shared restrooms, not add compliant.
3rd Floor
| Size | 750 SF |
| Space Use | Office |
| Build-Out | Full Build-Out |
| Available | Now |
Shared restrooms, not add compliant.
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Fairly walkable
40/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | RAND-000045-A000000-001212 | Improvements Assessment | $1,436,900 |
| Land Assessment | $530,500 | Total Assessment | $1,967,400 |
Property Taxes
Parcel Number
RAND-000045-A000000-001212
Land Assessment
$530,500
Improvements Assessment
$1,436,900
Total Assessment
$1,967,400
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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Contact the Sale Advisor
490 N Main St