159 Washington St, Norwell, MA
Fully leased investment property on Route 53 in Norwell.
- Added:
- Jul 3, 2025
- Days on Market:
- 344
- Last Refresh:
- May 19 at 9:37 pm
Property Features for 159 Washington St
General Information
- Standard status
- Active
- Size
- 2,546 SF
- Lot size
- 0.69 Acres
- Property subtype
- OFFICE
Listing agent Matt Curran License #9555582 (617) 686-2181
Listing office Unicorn Realty (617) 686-2181
Listing date Jul 3, 2025
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 Unicorn Realty
HighLights
- Fully leased investment property
- Recent improvements including new roof, exterior paint, landscaping, new boiler, and new generator
- Excellent visibility and access on Route 53
- Ample private parking
- Additional exterior space for possible expansion
- Plenty of storage and individual offices upstairs
Overview
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $85.5k | $33.60 |
| − Vacancy | −$14.5k | −$5.71 |
| EGI | $71.0k | $27.89 |
| − OpEx | −$17.8k | −$6.97 |
| NOI | $53.3k | $20.92 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Norwell
- County
- Plymouth
- State
- Massachusetts
- Longitude
- -70.8753
- Latitude
- 42.1692
