Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    104 Longwater Dr Norwell, MA 02061

    View on Map
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Professional office suite featuring private offices, reception area, and amenities.

    Property size:
    1,300 SF
    Lot size:
    1,300 SF

    Property Features for 104 Longwater Dr

    General Information

    Standard status
    Active
    Size
    1,300 SF

    Building Details

    Year built
    1981

    We can help!

    Listing Contact
    Kerrick Pierce
    Kerrick Pierce
    Source: Corcoran

    Listing Agency: Ellis Realty Advisors Listing Agent: Kerrick Pierce

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Professional Office Suite For Rent

    This professional office suite offers approximately 1,300 square feet of space. The layout includes three private offices, a front reception/bullpen area, a dedicated breakroom, and a private restroom. Dedicated parking is available. The property is situated within Assinippi Park, offering convenient access to major routes and nearby amenities. This turnkey space is well-suited for legal, financial, consulting, medical, or creative users looking to establish or expand their presence in a South Shore location.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Norwell
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.8812172
    Latitude
    42.1577584

    Nearby Similar for Lease

    • $10 SF/Yr
      2,306 SF

      Norwell Office Space For Rent

      Office space in Norwell with ample parking and high visibility.
      263 Washington St, Norwell, MA 02061
      View Details
    • $18 SF/Yr
      1,149 SF

      Professional Office Space Available

      Well-maintained office building with spaces available for lease.
      164 Washington St, Norwell, MA 02061
      View Details
    • Contact for pricing
      1,800 SF

      Norwell Office Space For Rent

      Office space in Norwell with highway access and parking.
      45 Pond St, Norwell, MA 02043
      View Details
    • Contact for pricing
      1,300 SF

      Professional Office Space Available

      Well-maintained office space with easy highway access and ample parking.
      62 Accord Park Dr, Norwell, MA 02061
      View Details
    • Contact for pricing
      1,000 SF

      Norwell Gas Station For Rent

      1,000 SF gas station with high traffic and visibility.
      85 Washington St, Norwell, MA 02061
      View Details
    • Contact for pricing
      2,012 SF

      Norwell Office Space Available

      Office space for sublease through February 2026.
      183 Washington St, Norwell, MA 02061
      View Details
    • Contact for pricing
      2,200 SF

      Retail Space with Drive-Thru

      2,200 SF retail space with drive-thru available for lease.
      69 Washington St, Norwell, MA 02061
      View Details
    • Contact for pricing
      4,496 SF

      Renovated Showroom at Queen Anne's

      Recently renovated showroom and barn building in prime Norwell location.
      25 Washington St, Norwell, MA 02061
      View Details
    • Contact for pricing
      1,796 SF

      Retail Space in Queen Anne Plaza

      Retail space available in a busy Norwell shopping center.
      10 Washington St, Norwell, MA 02061
      View Details
    • Contact for pricing
      864 SF

      Professional Office Space Available

      Three-story office building with planned updates and ample parking.
      200 Cordwainer Dr, Norwell, MA 02061
      View Details
    • Contact for pricing
      5,000 SF

      Norwell Office Space For Rent

      Move-in ready office space with high-end finishes and solar parking.
      600 Longwater Dr, Norwell, MA 02061
      View Details
    • Contact for pricing

      Commercial Building with High Traffic

      Large commercial building for lease with ample parking.
      252 Washington St, Norwell, MA 02061
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office suite featuring private offices, reception area, and amenities.
    Where is this office units located?
    The property is located at 104 Longwater Dr Norwell, MA.
    What are key features of this property?
    This property features: - Turnkey ±1,300 SF professional office suite in an ideal South Shore location.; - Features three (3) private offices, front reception/bullpen area, dedicated breakroom, and private restroom.; - Convenient access to major routes and nearby amenities.
    (781) 919-0800
    Request Owner's contact information
    104 Longwater Dr Norwell, MA 02061
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    104 Longwater Dr
    Norwell, MA 02061
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    104 Longwater Dr Norwell, MA 02061
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kerrick Pierce
    Kerrick Pierce
    (781) 919-0800 (781) 563-0237
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!