Renovated Retail Showroom with
For Sale
$1,395,000
25 Washington Street, Norwell, MA 02061
Renovated commercial property with a detached barn and Commercial C zoning.
Property Size4,496 SF
Price / SF$310.28
Days on Market194
Property Features for 25 Washington Street
General Information
Standard status
Active
Size
4,496 SF
Property subtype
Free Standing Building
Zoning
Commercial C
Building Details
Building Size
4,496 SF
Year Built
1798
Buildings
2
Properties For Sale
at 25 Washington Street Contact us- Size
- 4,496 SF
- Lease Type
- NNN
Unit
Listing Agency:
Ellis Realty Advisors
(781) 919-0800
Listed By:
David Ellis · License #9524572
(781) 919-0800
Source:
Thebrokerlist
Added: Feb 18
Changed: Aug 30
Last Checked: Aug 30 at 9:33PM
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
Investment Insights
Based on property information with market context.
This showroom property includes a 3,856-square-foot main building and a separate 640-square-foot barn. Built in 1798 and recently renovated, the property is configured for a kitchen and design showroom use, with the detached barn providing additional storage space.
The property is located at 25 Washington Street in Norwell, directly on Route 53 at Queen Anne's Corner near the Norwell/Hingham line. Commercial C zoning supports its stated commercial showroom and retail positioning.
The property is located at 25 Washington Street in Norwell, directly on Route 53 at Queen Anne's Corner near the Norwell/Hingham line. Commercial C zoning supports its stated commercial showroom and retail positioning.
Key Highlights
- 3,856 SF main building plus a separate 640 SF barn
- Built in 1798 and recently renovated
- Detached barn provides additional storage space
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$73,871
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,477,420
$1.5M
Cap Rate 7%
$1,055,300
$1.1M
Cap Rate 9%
$820,789
$820.8K
Market Conditions
NOI Build-Up for 4,496 SF
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.
Gross rent
$107.9K $24.00/SF
− Vacancy
−$2.4K −$0.53/SF
EGI
$105.5K $23.47/SF
− OpEx
−$31.7K −$7.04/SF
NOI
$73.9K $16.43/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,477,420
Cap Rate 7%
$1,055,300
Cap Rate 9%
$820,789
Alternative Uses
Best Use
Retail
$1.06M
$923.4K – $1.23M
NOI $73,871 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.66M
$2.33M – $3.11M
NOI $186,313 @ 7.0% cap · market cap 13.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
844
Businesses Nearby
155k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 35%
Shops & Services 32%
Groceries 27%
Electronics 3%
Big Y World Class Market
Groceries
41,277 visits/mo
0.2 miles
McDonald's
Dining
21,221 visits/mo
0.1 miles
Taco Bell
Dining
19,226 visits/mo
0.1 miles
7-Eleven
Shops & Services
12,179 visits/mo
0.3 miles
Citizens Bank
Shops & Services
8,802 visits/mo
0.1 miles
Demographics for 02061, MA
11,351
Population
3,739
Households
3
Avg Household Size
42
Median Age
65%
College-Educated
98%
High-School Grad
20.9 sq mi
ZIP Area
543
Density / Sq Mi
$182,637
Median Household Income
$82,358
Median Earnings
$2,181
Median Rent
$799,600
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Showroom - Renovated commercial property with a detached barn and Commercial C zoning.
Where is this showroom located?
The property is located at 25 Washington Street Norwell, MA.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 3,856 SF main building plus a separate 640 SF barn; Built in 1798 and recently renovated; Detached barn provides additional storage space
