First-Floor Office
New
For Sale
$350,000
20 Downer Avenue, Hingham, MA 02043
An ADA-accessible suite with three private offices, a restroom, and a kitchenette.
Property Size1,243 SF
Price / SF$281.58
Days on Market1
Property Features for 20 Downer Avenue
General Information
Standard status
Active
Size
1,243 SF
Class
B
Property subtype
Office - General Office
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Additional Details
Floor
First Floor
Building Details
Building Size
1,243 SF
Units
1
Tenancy
Multi
Listing Agency:
Ellis Realty Advisors
Listed By:
David Ellis · License #9524572
(781) 919-0800
Source:
Commercialcafe
Added: Oct 19
Last Checked: Oct 19 at 2:33PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 3 is a first-floor office condominium within a four-unit professional building. The 1,243 SF suite has three private offices, a private bathroom, and a kitchenette, with ADA-accessible entry. It will be delivered vacant, and the property is offered for sale.
At 20 Downer Avenue in Hingham, the building sits just off Lincoln Street (Route 3A). The Hingham Shipyard, with its restaurants, shops, and commuter ferry service to Boston’s Long Wharf, is minutes away. West Hingham Commuter Rail Station is nearby, and Route 3A connects to Route 3 and South Shore communities.
At 20 Downer Avenue in Hingham, the building sits just off Lincoln Street (Route 3A). The Hingham Shipyard, with its restaurants, shops, and commuter ferry service to Boston’s Long Wharf, is minutes away. West Hingham Commuter Rail Station is nearby, and Route 3A connects to Route 3 and South Shore communities.
Key Highlights
- 1,243 SF first‑floor office condominium
- Three private offices, a private bathroom, and a kitchenette
- ADA‑accessible suite within a four‑unit professional building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$25,999
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,980
$520.0K
Cap Rate 7%
$371,414
$371.4K
Cap Rate 9%
$288,878
$288.9K
Market Conditions
NOI Build-Up for 1,243 SF
Gross rent
$41.8K $33.60/SF
− Vacancy
−$7.1K −$5.71/SF
EGI
$34.7K $27.89/SF
− OpEx
−$8.7K −$6.97/SF
NOI
$26.0K $20.92/SF
Area
Plymouth County, MA
Vacancy
17.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$519,980
Cap Rate 7%
$371,414
Cap Rate 9%
$288,878
Alternative Uses
Best Use
Office B
$371.4K
$325.0K – $433.3K
NOI $25,999 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$735.9K
$643.9K – $858.5K
NOI $51,510 @ 7.0% cap · market cap 14.72%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
271
Businesses Nearby
Explore this area
Business Placement
Demographics for 02043, MA
24,272
Population
10,059
Households
2.4
Avg Household Size
45
Median Age
75%
College-Educated
98%
High-School Grad
22.2 sq mi
ZIP Area
1,093
Density / Sq Mi
$181,017
Median Household Income
$103,897
Median Earnings
$2,452
Median Rent
$1,075,100
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - An ADA-accessible suite with three private offices, a restroom, and a kitchenette.
Where is this office unit located?
The property is located at 20 Downer Avenue Hingham, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,243 SF first‑floor office condominium; Three private offices, a private bathroom, and a kitchenette; ADA‑accessible suite within a four‑unit professional building
