Corner Medical Office
For Sale
$200,000
Pending
536 Broad St #10, Weymouth, MA 02189
Functional medical suite with multiple exam rooms, private bathrooms, kitchenette, and access to substantial surface parking.
Property Size881 SF
Days on Market436
Property Features for 536 Broad St #10
General Information
Standard status
Pending
Size
881 SF
Property subtype
Commercial
Additional Details
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$10,178
Building Details
Year Built
1985
Listing Agency:
Conviser Property Group, Inc.
(617) 593-1700
Listed By:
Dmitriy Shnitman
(305) 751-6400
Source:
Corcoran
Added: Jun 24, 2025
Changed: Aug 30
Last Checked: Aug 30 at 7:49AM
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 Conviser Property Group, Inc.
Investment Insights
Based on property information with market context.
This medical office condominium is located at 536 Broad St in Weymouth, Massachusetts. The corner unit includes 10 rooms, 3 private bathrooms, and a dedicated kitchenette, creating a practical layout for medical office operations. Natural light enters from the corner position, and the building is professionally managed.
The property includes a large surface parking area with 70 spaces. South Shore Hospital is 3 miles away, while East Weymouth Commuter Rail Station is 1 mile from the property. The location is within a dense residential neighborhood, providing a nearby population base for an established medical office setting. The building was constructed in 1985.
The property includes a large surface parking area with 70 spaces. South Shore Hospital is 3 miles away, while East Weymouth Commuter Rail Station is 1 mile from the property. The location is within a dense residential neighborhood, providing a nearby population base for an established medical office setting. The building was constructed in 1985.
Key Highlights
- 10‑room medical office condominium with 3 private bathrooms
- Dedicated kitchenette and corner‑unit layout
- 70 surface parking spaces
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
$15,896
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
7.95%
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%
$317,920
$317.9K
Cap Rate 7%
$227,086
$227.1K
Cap Rate 9%
$176,622
$176.6K
Market Conditions
NOI Build-Up for 881 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
$29.6K $33.60/SF
− Vacancy
−$3.1K −$3.53/SF
EGI
$26.5K $30.07/SF
− OpEx
−$10.6K −$12.03/SF
NOI
$15.9K $18.04/SF
Area
Norfolk County, MA
Vacancy
10.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
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%
$317,920
Cap Rate 7%
$227,086
Cap Rate 9%
$176,622
Alternative Uses
Best Use
Office B
$276.2K
$241.7K – $322.2K
NOI $19,332 @ 7.0% cap · market cap 9.67%
Second Best
Healthcare Medical
$227.1K
$198.7K – $264.9K
NOI $15,896 @ 7.0% cap · market cap 7.95%
Theoretical Best
Office A
$521.5K
$456.4K – $608.5K
NOI $36,508 @ 7.0% cap · market cap 18.25%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
304
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02189, MA
15,123
Population
6,689
Households
2.3
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
3,781
Density / Sq Mi
$91,842
Median Household Income
$53,785
Median Earnings
$1,732
Median Rent
$463,300
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Functional medical suite with multiple exam rooms, private bathrooms, kitchenette, and access to substantial surface parking.
Where is this medical office space located?
The property is located at 536 Broad St #10 Weymouth, MA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 10‑room medical office condominium with 3 private bathrooms; Dedicated kitchenette and corner‑unit layout; 70 surface parking spaces
