Add Listing
    For Lease
    • 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

    427 Washington St #1 Norwell, MA 2061

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $3,995 /Mo

    Versatile 1,800 SF suite on Route 53 available now.

    Property size:
    1,800 SF
    Added:
    Apr 22, 2026
    Days on Market:
    7
    Last Refresh:
    Apr 22 at 12:12 pm

    Property Features for 427 Washington St #1

    General Information

    Standard status
    Active
    Size
    1,800 SF

    Building Details

    Year Built
    1900

    We can help!

    Listing Contact
    Stanley Blackmur

    Listing agent Stanley Blackmur

    Listing office Conway - Hingham

    Listing date Apr 22, 2026

    Source Liongatere

    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 Conway - Hingham

    Overview

    Route 53 Commercial Space

    This 1,800 square foot suite is located on the first floor directly on Route 53, near the intersection of Routes 123 and 53, and one mile from Route 3. The suite contains eight rooms, including a reception area, four offices, a large administrative bullpen, a kitchenette, and 2.5 bathrooms. The space is suitable for professionals, medical practices, specialty schools, and some retail uses, benefiting from street visibility, highway access, and parking. The property is available immediately at base rent plus triple net charges.
    Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Norwell
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.8574481
    Latitude
    42.1603932

    Nearby Similar for Lease

    • $975/Mo

      Furnished Office Space Available

      Furnished office space with amenities and short-term leases.
      167 Washington #20, Norwell, MA 02061
      View Details
    • $1.00 SF/Yr

      Norwell Office Space Available

      Office spaces in Norwell, various sizes, flexible lease terms.
      145 Washington Street, Norwell, MA 02061
      View Details
    • $2,100/Mo

      Professional Office Suite For Rent

      Professional office suite featuring private offices, reception area, and amenities.
      104 Longwater Dr, Norwell, MA 02061
      View Details
    • $975/Mo

      Furnished Office Space Available

      Furnished office space with amenities and short-term leases.
      167 Washington #20, Norwell, MA 02061
      View Details
    • $20 SF/Yr

      Route 53 Retail/Office Space

      Prime location with open space and unique architectural features.
      392 Washington, Norwell, MA 02061
      View Details
    • $23 SF/Yr

      Norwell Retail and Office Space

      Retail and office spaces available for lease in Norwell.
      124 Washington St, Norwell, MA 02061
      View Details
    • $14 SF/Yr

      Norwell Multi-Tenant Commercial Building

      Multi-tenant commercial building in Norwell with on-site parking.
      15 Farrar Farm Rd, Norwell, MA 02061
      View Details
    • $23 SF/Yr

      Norwell Office Space Available

      Office space for rent in Norwell, Massachusetts.
      80 Washington St, Norwell, MA 02061
      View Details
    • $1.00 SF/Yr

      Norwell Office Space For Rent

      Office spaces in Norwell, various sizes, flexible lease terms.
      145 Washington Street, Norwell, MA 02061
      View Details
    • Contact for pricing

      First Class Office Space Available

      13,874 SF office space for lease in Assinippi Park.
      91 Longwater Cir, Norwell, MA 02061
      View Details
    • $2,100/Mo

      Professional Office Suite For Rent

      Professional office suite featuring private offices, reception area, and amenities.
      104 Longwater Dr, Norwell, MA 02061
      View Details
    • $2,600/Mo

      Norwell Office Space For Rent

      Office space in Norwell with highway access and parking.
      45 Pond St, Norwell, MA
      View Details

    FAQs

    What type of property is this?
    Office units - Versatile 1,800 SF suite on Route 53 available now.
    Where is this office units located?
    The property is located at 427 Washington St #1 Norwell, MA.
    What is the lease rate?
    The lease rate is $3,995 /Mo.
    What are key features of this property?
    This property features: High visibility location directly on Route 53.; Convenient highway access, 1 mile from Route 3.; Versatile 1,800 SF suite suitable for various professional, medical, school, and some retail uses.
    (781) 603-7862
    We can help!
    Listing Contact
    Stanley Blackmur
    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!