Add Listing
    For Sale
    • 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

    1171 Washington Weymouth, MA 2189

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $2,475,000

    Mixed-use property with multi-family units and development potential.

    Added:
    Jun 12, 2025
    Days on Market:
    294
    Last Refresh:
    Mar 16 at 9:09 am

    Property Features for 1171 Washington

    General Information

    Standard status
    Active

    Building Details

    Year Built
    1868

    We can help!

    Listing Contact
    Denece McGann Clinton

    Listing agent Denece McGann Clinton

    Listing office Unicorn Realty

    Listing date Jun 12, 2025

    Source Corcoran

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

    All listing content including descriptions, pricing, images are the copyrighted material of Unicorn Realty

    Overview

    Washington Street Mixed-Use Property

    This mixed-use and multi-family property is located directly on Washington Street. It features three separate units currently in place. A conceptual plan exists for the addition of two more units with garages. The property is located within the HT zoning district, which allows for many uses. The property is in very good condition. It is ideal for a salon, medical office, professional office, mixed-use, or all-residential use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Air & Refrigeration Service ... Hardware & Home Improvement

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Weymouth
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.9289
    Latitude
    42.1964

    Nearby Similar for Sale

    • $779,000
      1,664 SF

      Updated Duplex in North Weymouth

      Side-by-side duplex with updates, ideal for investment or occupancy.
      19-21 Bursley Rd, Weymouth, MA 02191
      View Details
    • $499,900
      2,000 SF

      Renovated Creative Workspace Near Transit

      Classic stone building with creative workspace near East Weymouth transit.
      20 Iron Hill Street, Weymouth, MA 02189
      View Details
    • $599,900

      Versatile Commercial Building with Storage

      Well-maintained building suitable for office, contractor, or professional use.
      1581 Main Street, Weymouth, MA 02190
      View Details
    • $2,499,900

      Automotive Shop with Office Space

      Commercial property featuring an automotive shop and office space.
      40 Moore Rd, Weymouth, MA 02189
      View Details
    • $495,000
      2,504 SF

      East Weymouth Auto Body Shop

      Auto body shop with fenced yard and paint shop.
      132 E St, East Weymouth, MA
      View Details
    • $549,000

      New Commercial Condo in Weymouth

      New construction commercial condo in Weymouth Landing, flexible for various uses.
      122 Washington #A, Weymouth, MA 02188
      View Details
    • $1,495,000
      6,535 SF

      Retail Property in South Weymouth

      Single-tenant retail property in Pleasant Street commercial district.
      101 Pleasant St, Weymouth, MA 02190
      View Details
    • $630,000
      2,541 SF

      Medical Office Condo For Sale

      Turnkey medical office condo with 10 rooms for immediate occupancy.
      536 Broad St #6-10, Weymouth, MA 02189
      View Details
    • Contact for pricing
      24,114 SF

      Weymouth Flex/Manufacturing Facility For Sale

      24,114 SF flex/manufacturing space on 3 acres near Routes 18/3.
      944 Middle Street, Weymouth, MA 02188
      View Details
    • $204,999
      820 SF

      Medical Office Condo For Sale

      Medical office condo with 3 rooms, bathroom, and kitchenette.
      536 Broad St #3, Weymouth, MA 02189
      View Details
    • $1,580,000

      Restaurant and Salon Property

      Commercial property operating as a restaurant and salon for sale.
      1167-1175 Main St, Weymouth, MA 02190
      View Details
    • Contact for pricing
      50,271 SF

      Manufacturing/Warehouse Building Near Boston

      Flexible manufacturing/warehouse space with loading docks, drive-in, and ample power.
      45 Finnell Dr, Weymouth, MA
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with multi-family units and development potential.
    Where is this mixed-use property located?
    The property is located at 1171 Washington Weymouth, MA.
    What is the asking price?
    The asking price for this property is $2,475,000.
    What are key features of this property?
    This property features: Direct Washington St. location offers HIGH VISIBILITY and accessibility.; Mixed‑use zoning (HT) allows for diverse business or residential applications.; Potential to ADD TWO MORE UNITS with garages, increasing property value.
    We can help!
    Listing Contact
    Denece McGann Clinton
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!