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    Two-Bay Garage on Corner Lot Title is generated by Realmo AI

    250 Washington Avenue, Winthrop, MA 02152

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    Claim this Listing
    For Sale
    $1,499,000

    Commercial building with two-bay garage and office space.

    Type:Commercial
    Property size:
    1,152 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $1,301/SF
    Added:
    Mar 13, 2026
    Days on Market:
    86
    Last Refresh:
    Apr 20 at 3:42 am

    Property Features for 250 Washington Avenue

    General Information

    Standard status
    Active
    Size
    1,152 SF
    Lot size
    0.15 Acres
    Property subtype
    Commercial

    Building Details

    Year Built
    1930

    We can help!

    Listing Contact
    Phil Consolo

    Listing agent Phil Consolo

    Listing office Century 21 North East

    Listing date Mar 13, 2026

    Source Stevebremis

    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 Century 21 North East

    HighLights

    • Corner lot location ideal for high visibility and accessibility.
    • Two‑bay garage with 2 lifts suitable for automotive or mechanical businesses.
    • 1,152 sq. ft. of interior space with office and 2 half baths.
    • 15‑foot ceilings offering potential for various business operations.
    • FHA heating system with recently installed motor and pump.
    • 6,500 sq. ft. lot with potential for future development.

    Overview

    This commercial building is situated on a corner lot and features a two-bay garage equipped with two lifts. The interior space measures approximately 1,152 square feet and includes an office area, and two half baths. The building has 15-foot ceilings and a 200-amp circuit breaker system. The heating system is an FHA type, with a new motor and pump installed approximately six months ago. The rubber roof is about eight years old. The property is situated on a 6,500 square foot lot. Potential uses include a car lot, taxi stand, or other business opportunities. There may be potential for future development.
    Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Bolster Service Inc — 81 Veterans Rd, Winthrop, MA 02152
    • Christopher's Auto Repair Services — 89 Veterans Rd A, Winthrop, MA 02152
    • Ocean Auto Body Inc. — 220 Veterans Rd, Winthrop, MA 02152
    • Resto Rods & Customs — 137 Shirley St, Winthrop, MA 02152
    • Sorensen Roadside Services — 107 Putnam St, Winthrop, MA 02152

    Location Insight

    • Map
    • Local Demand
    City
    Winthrop
    County
    Suffolk
    State
    Massachusetts
    Longitude
    -70.9720906
    Latitude
    42.3727758

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    FAQs

    What type of property is this?
    Auto shop - Commercial building with two-bay garage and office space.
    Where is this auto shop located?
    The property is located at 250 Washington Avenue Winthrop, MA.
    What is the asking price?
    The asking price for this property is $1,499,000.
    What are key features of this property?
    This property features: Corner lot location ideal for high visibility and accessibility.; Two‑bay garage with 2 lifts suitable for automotive or mechanical businesses.; 1,152 sq. ft. of interior space with office and 2 half baths.
    We can help!
    Listing Contact
    Phil Consolo
    Learn More
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    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.

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