Move-In Ready Office-Flex
29 Washington Street Norwell, MA 02061
29 Washington Street, Norwell, MA, 02061
$725,000
For Sale
$725,000
Move-in ready office/flex suite with immediate availability and high visibility near major routes.
Property Size2,793 SF
Price / SF$259.58
Days on Market225
Property Features for 29 Washington Street
General Information
- Standard status
- Active
- Size
- 2,793 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing agency
TLC Real Estate
Listed by
Charlene Levi
(781) 233-1401
Source
Littlefieldre
Added: Dec 8, 2025 Updated: Jul 21 at 12:36AM Checked: Jul 21 at 9:13AM
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 TLC Real Estate
Investment Insights
Based on property information with market context.
This move-in ready office/flex space is available immediately, with easy showing. The property is positioned for strong visibility and is described as well-suited for office or flexible commercial use based on its configuration as an office/flex offering.
The location is a short distance from Queen Anne’s Corner, with an average of 47,000 cars traveling on Route 53 past the property daily. Access is also noted as convenient to Route 3, and the property is approximately 20 miles from Boston.
For-sale terms are offered at a listed price of $725,000.
The location is a short distance from Queen Anne’s Corner, with an average of 47,000 cars traveling on Route 53 past the property daily. Access is also noted as convenient to Route 3, and the property is approximately 20 miles from Boston.
For-sale terms are offered at a listed price of $725,000.
Key Highlights
- Move‑in ready office/flex suite with immediate availability
- High visibility with about 47,000 cars traveling Rt 53 past the property daily
- Easy access to Rt 3
Local 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 | $93.8k | $33.60 |
| − Vacancy | −$16.0k | −$5.71 |
| EGI | $77.9k | $27.89 |
| − OpEx | −$19.5k | −$6.97 |
| NOI | $58.4k | $20.92 |
2,793 SF · lease $33.60/SF/yr · vacancy 17.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$834.5K
$730.2K – $973.6K
NOI $58,418 @ 7.0% cap · market cap 8.06%
Second Best
Flex RnD
$739.1K
$646.8K – $862.3K
NOI $51,740 @ 7.0% cap · market cap 7.14%
Theoretical Best
Office A
$1.65M
$1.45M – $1.93M
NOI $115,741 @ 7.0% cap · market cap 15.96%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
Similar Off Market Nearby
- On Rye Deli — 119 Washington St, Norwell, MA 02061
- Felicias,Craft Catering — 41 Accord Ln, Hingham, MA 02043
FAQs
What type of property is this?
Flex space - Move-in ready office/flex suite with immediate availability and high visibility near major routes.
Where is this flex space located?
The property is located at 29 Washington Street Norwell, MA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Move‑in ready office/flex suite with immediate availability; High visibility with about 47,000 cars traveling Rt 53 past the property daily; Easy access to Rt 3
