490 N Main St Randolph — Photo 1 of 3
$2,700,000
Investment Analysis — 490 N Main St
Randolph, MA 02368
Based on rent reported on the MLS listing, a home in 02368 carries $27,754/mo in gross rent — about a 7.75% cap rate and $209,334/yr in estimated NOI at the $2,700,000 list price. Adjust every assumption in the calculator below.
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Built
1920
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%
Estimates — not financial advice
These figures are illustrative estimates for informational purposes only — not an appraisal, valuation, or guarantee of rent, income, or returns, and not financial, tax, or investment advice. Rent is either the figure reported on the MLS listing — in-place rent that may differ from market and is not verified against the actual leases — or, where the listing reports none, an estimate from HUD Small Area Fair Market Rents, a government benchmark that may differ from actual market rent. Each figure is labelled with its source. Cap rate, NOI, and returns depend on the assumptions shown, which you can change. MLS and other third-party data may be inaccurate or out of date. Verify all figures independently and consult your own financial, tax, and legal advisors before making any investment decision.
Property Details
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Listing Agent: Bernie Hassan
Listing Office: WEICHERT, REALTORS® - Briarwood Real Estate
MLS® Number: 73545073