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

    293-317 Libbey Pkwy Weymouth, MA

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $24 SF/Yr

    3000 SF office space for immediate occupancy.

    Type:INDUSTRIAL
    Property size:
    3,000 SF
    Lot size:
    12.47 Acres
    Added:
    Oct 3, 2024
    Days on Market:
    545
    Last Refresh:
    Mar 29 at 10:08 pm

    Property Features for 293-317 Libbey Pkwy

    General Information

    Standard status
    Active
    Size
    3,000 SF
    Lot size
    12.47 Acres
    Property subtype
    INDUSTRIAL

    Spaces For Lease

    at 293-317 Libbey Pkwy Contact us

    We can help!

    Listing Contact
    Dave Ellis
    Dave Ellis

    Listing agent Dave Ellis

    Listing office Ellis Realty Advisors

    Listing date Oct 3, 2024

    Source Moodyscre

    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 Ellis Realty Advisors

    Overview

    Professional Office Space Available

    This property offers 3000 square feet of professional office space available for lease. The layout includes a combination of private offices and open cube space. The property is available for immediate occupancy.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Map

    City
    Weymouth
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.9606
    Latitude
    42.2072

    Nearby Similar for Lease

    • Contact for pricing

      Weymouth Commercial Storage/Contractor Bays

      Commercial contractor/storage bays for rent in Weymouth, MA.
      72 Charles St, Weymouth, MA 02189
      View Details
    • Contact for pricing

      Renovated Retail/Office Space Available

      Renovated retail or office space in Weymouth, MA.
      1602 Main St #1602, Weymouth, MA 02190
      View Details
    • Contact for pricing

      Versatile Office Space with Parking

      First-floor office/retail space with ample parking and convenient location.
      143 Federal Street,, Weymouth, MA 02188
      View Details
    • Contact for pricing

      Freestanding Retail Building on Route 53

      1,574 SF retail building with high visibility and parking.
      995 Washington St, Weymouth, MA 02189
      View Details
    • Contact for pricing

      Columbia Square Commercial Building

      Commercial building in Columbia Square, Weymouth, near South Shore Hospital.
      51 Columbian St, Weymouth, MA 02190
      View Details
    • Contact for pricing

      Weymouth Commercial Space For Lease

      Prime commercial space in Weymouth, ideal for retail or office.
      978 Washington, Weymouth, MA 02189
      View Details
    • Contact for pricing

      Professional Office Space Available Now

      Updated office space with included utilities and ample parking.
      1362 Washington St #Rear, Weymouth, MA 02189
      View Details
    • Contact for pricing

      Retail Space in Weymouth Center

      Retail space available in Weymouth, MA shopping center.
      1515 Commercial St, Weymouth , MA 02189
      View Details
    • Contact for pricing

      Versatile Commercial Space on Washington

      Commercial space ideal for office or storefront on Washington Street.
      1072 Washington St #2, Weymouth, MA 02189
      View Details
    • $23/mo

      Commercial

      1221 Main St, Weymouth, MA 02190
      View Details
    • $20/mo

      Commercial

      1239 Washington St, Weymouth, MA 02189
      View Details
    • Contact for pricing

      Weymouth Office Space For Rent

      Three office spaces available in a desirable location off Route 3.
      57 Winter St, Weymouth, MA 02188
      View Details

    FAQs

    What type of property is this?
    Office units - 3000 SF office space for immediate occupancy.
    Where is this office units located?
    The property is located at 293-317 Libbey Pkwy Weymouth, MA.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: 3000 SF professional office space; Mix of private offices and open cube space; Available for immediate occupancy
    (781) 919-0800
    We can help!
    Listing Contact
    Dave Ellis
    Dave Ellis
    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!