Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Historic Jenkins Block Commercial Space Title is generated by Realmo AI

    597 Washington Street, Whitman, MA 02382

    View on Map
    Claim this Listing
    New
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Prime downtown Whitman location, suitable for office or retail.

    Type:Multi Tenant Office
    Property size:
    1,279 SF
    Added:
    May 21, 2026
    Days on Market:
    6
    Last Refresh:
    May 21 at 12:47 am

    Property Features for 597 Washington Street

    General Information

    Standard status
    Active
    Size
    1,279 SF
    Property subtype
    Multi Tenant Office

    Spaces For Lease

    at 597 Washington Street Contact us

    We can help!

    Listing Contact
    David Ellis
    David Ellis

    Listing agent David Ellis License #9524572

    Listing office Ellis Realty Advisors

    Listing date May 21, 2026

    Source Thebrokerlist

    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 Ellis Realty Advisors

    HighLights

    • Prime Downtown Whitman location in the historic Jenkins Block.
    • 1,279 SF space suitable for office or potential retail use.
    • Close proximity to Whitman MBTA Commuter Rail Station.
    • Located in a growing area with ongoing residential and commercial investment.
    • Recipient of the Tsongas Award for Historic Restoration.
    • Existing office buildout in place.

    Overview

    Located in the historic Jenkins Block, a recipient of the Tsongas Award for Historic Restoration, this 1,279 square-foot commercial space is available for lease. Situated on Washington Street in Downtown Whitman, the property benefits from excellent visibility and access. The space is currently configured as an office suite but offers flexibility for various users, including office and potential retail applications. The surrounding area is experiencing continued growth through recent development projects, including new residential units and revitalized commercial spaces, creating increased foot traffic and business activity. The property benefits from convenient access to downtown shops, restaurants, services, and the Whitman MBTA Commuter Rail Station, making it easily accessible for both employees and customers. The location is close to Route 18 and downtown amenities.
    Location Intelligence

    Current Use by Public Records

    Mark Terry Architect ... Corporate Office Kimberly Rash, Real ... Real Estate Agency Refined Real Estate Construction Company

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Whitman
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9371927
    Latitude
    42.0810946

    Nearby Similar for Lease

    • Contact for pricing
      1,800 SF

      Retail Space Available For Rent

      Retail space available for rent, approximately 1,800 square feet.
      242 Bedford St, Whitman, MA 02382
      View Details
    • Contact for pricing
      12,500 SF

      Bedford Street Retail Space

      Retail space available for rent on Bedford Street.
      263 Bedford St, Whitman, MA 02382
      View Details
    • Contact for pricing
      27,120 SF

      Visible Retail Space for Lease

      Highly visible retail space serving Whitman and surrounding communities.
      682 Bedford St, Whitman, MA
      View Details
    • $1,841/Mo
      488 SF

      Renovated Office/Retail Building on Route

      488 SF renovated building with high exposure and parking.
      287 Temple St, Whitman, MA
      View Details

    FAQs

    What type of property is this?
    Office units - Prime downtown Whitman location, suitable for office or retail.
    Where is this office units located?
    The property is located at 597 Washington Street Whitman, MA.
    What are key features of this property?
    This property features: Prime Downtown Whitman location in the historic Jenkins Block.; 1,279 SF space suitable for office or potential retail use.; Close proximity to Whitman MBTA Commuter Rail Station.
    (781) 919-0800
    We can help!
    Listing Contact
    David Ellis
    David Ellis
    Real Estate License ID: 9524572
    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

    Thank You for Inquiry
    597 Washington Street, Whitman, MA 02382
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!