Two-Unit Office
For Sale
$2,000,000
51 Columbian Street, Weymouth, MA 02190
Updated office interiors include central AC and paved parking.
Property Size5,285 SF
Price / SF$378.43
Days on Market92
Property Features for 51 Columbian Street
General Information
Standard status
Active
Size
5,285 SF
Property subtype
Commercial
Building Details
Year Built
1972
Listing Agency:
Coldwell Banker Realty - Milton
Listed By:
Elvis Doda
(617) 319-9202
Source:
Benoitrealestate
Added: Jul 17
Changed: Oct 15
Last Checked: Oct 16 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 Coldwell Banker Realty - Milton
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Investment Insights
Based on property information with market context.
This 5,285-square-foot office property is arranged as two separate units within a stone and brick building. One suite offers an open-concept layout, while the other includes multiple exam rooms and private offices. The building was constructed in 1972 and includes central AC, updated office interiors, and paved parking.
The property is located in Columbia Square next to South Shore Hospital and Main St (Route 18). It sits between Route 18 and Route 53, with Route 3 less than 1 Mile away. The address is 51 Columbian St, Weymouth, MA 02190.
The property is located in Columbia Square next to South Shore Hospital and Main St (Route 18). It sits between Route 18 and Route 53, with Route 3 less than 1 Mile away. The address is 51 Columbian St, Weymouth, MA 02190.
Key Highlights
- 5,285‑square‑foot office building with two units
- One unit features an open‑concept layout
- Second unit includes multiple exam rooms and offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$115,973
Cap Rate
5.80%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,319,460
$2.3M
Cap Rate 7%
$1,656,757
$1.7M
Cap Rate 9%
$1,288,589
$1.3M
Market Conditions
NOI Build-Up for 5,285 SF
Gross rent
$185.2K $35.04/SF
− Vacancy
−$30.6K −$5.78/SF
EGI
$154.6K $29.26/SF
− OpEx
−$38.7K −$7.31/SF
NOI
$116.0K $21.94/SF
Area
Norfolk County, MA
Vacancy
16.50%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,319,460
Cap Rate 7%
$1,656,757
Cap Rate 9%
$1,288,589
Alternative Uses
Best Use
Office B
$1.66M
$1.45M – $1.93M
NOI $115,973 @ 7.0% cap · market cap 5.80%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.13M
$2.74M – $3.65M
NOI $219,009 @ 7.0% cap · market cap 10.95%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,223
Businesses Nearby
Explore this area
Business Placement
Demographics for 02190, MA
18,910
Population
8,601
Households
2.2
Avg Household Size
43
Median Age
48%
College-Educated
97%
High-School Grad
7.0 sq mi
ZIP Area
2,701
Density / Sq Mi
$99,024
Median Household Income
$63,313
Median Earnings
$2,012
Median Rent
$554,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Updated office interiors include central AC and paved parking.
Where is this office units located?
The property is located at 51 Columbian Street Weymouth, MA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: 5,285‑square‑foot office building with two units; One unit features an open‑concept layout; Second unit includes multiple exam rooms and offices
