Retail Office Building with
159 Washington St Norwell, MA 02061
For Sale
Contact for pricing
Fully leased retail property with offices, private parking, and recent building improvements.
Property Size2,546 SF
Price / SF$343.68
Days on Market393
Property Features for 159 Washington St
General Information
Standard status
Active
Size
2,546 SF
Property subtype
OFFICE
Listing Agency:
Unicorn Realty
(617) 686-2181
Listed By:
Matt Curran · License #9555582
(617) 686-2181
Source:
Moodyscre
Added: Jul 3, 2025
Changed: Jul 28
Last Checked: Jul 29 at 12:44PM
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
Investment Insights
Based on property information with market context.
This professionally maintained retail property includes office space and an upstairs layout with individual offices and ample storage. The building has benefited from recent improvements, including a new roof, full exterior paint, updated landscaping, a new boiler, and a new 14 KW Generac generator. There is also an unfinished basement measuring 950 square feet, providing additional storage or conversion flexibility pending town approval.
The property is located on Route 53 at 159 Washington St in Norwell, with excellent visibility and access. Additional exterior space on the lot may support future expansion, subject to due diligence with the town.
Tenant space is supported by an ample private parking lot for co-workers and/or customers, and the tenant pays all utilities. Buyers should conduct all due diligence with the town regarding use, expansion, and any permitted modifications.
The property is located on Route 53 at 159 Washington St in Norwell, with excellent visibility and access. Additional exterior space on the lot may support future expansion, subject to due diligence with the town.
Tenant space is supported by an ample private parking lot for co-workers and/or customers, and the tenant pays all utilities. Buyers should conduct all due diligence with the town regarding use, expansion, and any permitted modifications.
Key Highlights
- Currently fully leased retail property with offices on Route 53 in Norwell
- Recent improvements include new roof, full exterior paint, landscaping, new boiler, and a new 14 KW Generac generator
- Ample private parking lot for co‑workers and/or customers; tenant pays all utilities
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 |
2,546 SF · lease $33.60/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$760.7K
$665.7K – $887.5K
NOI $53,252 @ 7.0% cap · market cap 6.09%
Second Best
Retail
$597.6K
$522.9K – $697.2K
NOI $41,832 @ 7.0% cap · market cap 4.78%
Theoretical Best
Office A
$1.51M
$1.32M – $1.76M
NOI $105,506 @ 7.0% cap · market cap 12.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office building - Fully leased retail property with offices, private parking, and recent building improvements.
Where is this office building located?
The property is located at 159 Washington St Norwell, MA.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: Currently fully leased retail property with offices on Route 53 in Norwell; Recent improvements include new roof, full exterior paint, landscaping, new boiler, and a new 14 KW Generac generator; Ample private parking lot for co‑workers and/or customers; tenant pays all utilities
