Medical Office Condominium
For Sale
Contact for pricing
536 Broad St, Weymouth, MA 02189
Corner medical office condo with 10 rooms, three private bathrooms, and a dedicated kitchenette.
Property Size1,660 SF
Price / SF$265.06
Days on Market116
Property Features for 536 Broad St
General Information
Standard status
Active
Size
1,660 SF
Total Parking Spaces
70
Property subtype
OFFICE
Listing Agency:
Conviser Property Group
(781) 320-0600
Listed By:
Adam Conviser · License #9034560
(617) 593-1700
Source:
Moodyscre
Added: May 18
Changed: Aug 26
Last Checked: Sep 9 at 10:56AM
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
Investment Insights
Based on property information with market context.
This for-sale medical office condominium suite is located in a professionally managed medical building and is offered as a highly functional corner unit. The space includes 10 rooms, three private bathrooms, and a dedicated kitchenette, providing a practical layout for day-to-day patient and staff flow. The unit benefits from corner positioning for abundant natural light and strong visibility within the building.
The property is situated at 536 Broad Street and is positioned within a dense residential neighborhood. It is approximately 3 miles from South Shore Hospital and about 1 mile from the East Weymouth Commuter Rail Station.
The building features a large on-site parking lot with 70 surface parking spaces, supporting convenient patient and visitor access. A brand new roof was installed in 2024, and there are no anticipated near-term special assessments noted in the remarks.
The property is situated at 536 Broad Street and is positioned within a dense residential neighborhood. It is approximately 3 miles from South Shore Hospital and about 1 mile from the East Weymouth Commuter Rail Station.
The building features a large on-site parking lot with 70 surface parking spaces, supporting convenient patient and visitor access. A brand new roof was installed in 2024, and there are no anticipated near-term special assessments noted in the remarks.
Key Highlights
- 2,541 SF corner medical office condominium at 536 Broad Street, Units #6–10, Weymouth
- 10 rooms plus dedicated kitchenette and 3 private bathrooms
- 70‑surface parking spaces and professionally managed medical building
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
$36,427
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
8.28%
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%
$728,540
$728.5K
Cap Rate 7%
$520,386
$520.4K
Cap Rate 9%
$404,744
$404.7K
Market Conditions
NOI Build-Up for 1,660 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
$58.2K $35.04/SF
− Vacancy
−$9.6K −$5.78/SF
EGI
$48.6K $29.26/SF
− OpEx
−$12.1K −$7.31/SF
NOI
$36.4K $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 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%
$728,540
Cap Rate 7%
$520,386
Cap Rate 9%
$404,744
Alternative Uses
Best Use
Office B
$520.4K
$455.3K – $607.1K
NOI $36,427 @ 7.0% cap · market cap 8.28%
Second Best
Healthcare Medical
$427.9K
$374.4K – $499.2K
NOI $29,952 @ 7.0% cap · market cap 6.81%
Theoretical Best
Office A
$982.7K
$859.9K – $1.15M
NOI $68,790 @ 7.0% cap · market cap 15.63%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
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
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Corner medical office condo with 10 rooms, three private bathrooms, and a dedicated kitchenette.
Where is this medical office space located?
The property is located at 536 Broad St Weymouth, MA.
What is the asking price?
The asking price for this property is $440,000.
What are key features of this property?
This property features: 2,541 SF corner medical office condominium at 536 Broad Street, Units #6–10, Weymouth; 10 rooms plus dedicated kitchenette and 3 private bathrooms; 70‑surface parking spaces and professionally managed medical building
