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

    1599 Washington St - Unit 204 Braintree, MA 02184

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $315,000

    1,758 SF Impressive two level colonial style professional building

    Property size:
    1,758 SF
    Lot size:
    0.65 Acres
    Added:
    Dec 26, 2024
    Days on Market:
    461
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 1599 Washington St - Unit 204

    General Information

    Standard status
    Active
    Property type
    Other office properties, Medical Office Space, Office properties & Spaces
    Size
    1,758 SF
    Class
    B
    Elevators
    N/A
    Lot size
    0.65 Acres
    Investment Type
    Owner User

    Building Details

    Year Built
    1970
    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Jay Nuss

    Listing agent Jay

    Listing office

    Listing date Dec 26, 2024

    Overview

    Braintree Office Condo For Sale

    This 1,758 square foot office condominium is located in Braintree, Massachusetts. The colonial-style building contains eight office condos, with shared bathrooms on each level. This corner unit offers a layout that includes a reception area, five private offices, an open bullpen area, and a kitchen. Situated in a General Business District, the property provides 24-hour access and is accessible via a bus line. The lot size is 0.65 acres. This property is an owner-user investment opportunity to acquire a functional office space.
    Location Intelligence

    Current Use by Public Records

    Office properties & Spaces

    Map

    City
    Braintree
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -71.0017
    Latitude
    42.2036

    Nearby Similar for Sale

    • $2,500,000
      10,416 SF

      New Industrial Warehouse in Braintree

      Newly built industrial warehouse suitable for various business uses.
      40B Arnold, Braintree, MA 02184
      View Details
    • $3,700,000
      5,500 SF

      Retail Building Near South Braintree

      5,500 SF retail building with expansion potential.
      884 Washington St, Braintree, MA 02184
      View Details
    • $5,178,969
      5,812 SF

      110 Grill NNN Investment

      Single-tenant restaurant condo with long-term lease and annual rent increases.
      170 Forbes Rd, Braintree, MA 02184
      View Details
    • $4,995,000
      17,348 SF

      Retail Building Near Route 128

      17,348 SF retail building with visibility from Route 128.
      230 Wood Rd, Braintree, MA 02184
      View Details
    • $2,700,000

      East Braintree Industrial Building For Sale

      Fully tenanted industrial building near highway with multiple spaces.
      180 Allen St, Braintree, MA 02184
      View Details
    • $3,800,000

      East Braintree Industrial Building For Sale

      Industrial building near highway with multiple tenants and income.
      180 Allen St, Braintree, MA 02184
      View Details
    • $279,000
      1,328 SF

      Efficient Office Space For Sale

      Well-maintained office condo with efficient layout and outstanding signage.
      44 Adams St, Braintree, MA
      View Details
    • Contact for pricing
      12,000 SF

      12,000 SF Warehouse on 17 Acres

      Warehouse building on 17 acres, convenient highway access.
      60 Garden Park, Braintree, MA 02184
      View Details
    • Contact for pricing
      17,194 SF

      Retail Property Near Major Routes

      Retail space with development potential near Route 3, I-93, Route 128.
      66 Wood Rd, Braintree, MA
      View Details
    • Contact for pricing
      121,756 SF

      Approved Industrial Development Near Boston

      121,756 SF industrial development site with excellent highway access.
      71 Adams St, Braintree, MA 02184
      View Details

    FAQs

    What type of property is this?
    Office property - 1,758 SF Impressive two level colonial style professional building
    Where is this office property located?
    The property is located at 1599 Washington St - Unit 204 Braintree, MA.
    What is the asking price?
    The asking price for this property is $315,000.
    (781) 910-6575
    We can help!
    Listing Contact
    Jay Nuss
    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!