New Retail
New
For Sale
Contact for pricing
598 Washington St, Whitman, MA 02382
A bathroom and heating and air-conditioning system are included, leaving interior finishes for the tenant to tailor.
Property Size1,367 SF
Price / SF$2.34
Days on Market6
Property Features for 598 Washington St
General Information
Standard status
Active
Size
1,367 SF
Property subtype
Commercial
Building Details
Year Built
2026
Listing Agency:
ERA Key Realty Services
(617) 932-7020
Listed By:
Jamie Iacoi · License #449541887
(508) 572-7642
Source:
Lockandkeyre
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 19 at 2:33PM
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 ERA Key Realty Services
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,367-square-foot retail space is part of a mixed-use property built in 2026. The new commercial space includes a bathroom and heating and air-conditioning system; tenants can complete the interior to suit their business. Fifteen residential apartments sit above the commercial spaces.
The property is near Whitman Center and Whitman Park, with restaurants, shops, residential neighborhoods, and rental communities in the surrounding area. The lease has a five-year term and no NNN charges.
The property is near Whitman Center and Whitman Park, with restaurants, shops, residential neighborhoods, and rental communities in the surrounding area. The lease has a five-year term and no NNN charges.
Key Highlights
- 1,367 square feet of new retail space
- Built in 2026 as part of a mixed‑use development
- 15 residential apartments above the commercial spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,205
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,100
$264.1K
Cap Rate 7%
$188,643
$188.6K
Cap Rate 9%
$146,722
$146.7K
Market Conditions
NOI Build-Up for 1,367 SF
Gross rent
$23.0K $16.80/SF
− Vacancy
−$1.8K −$1.34/SF
EGI
$21.1K $15.46/SF
− OpEx
−$7.9K −$5.80/SF
NOI
$13.2K $9.66/SF
Area
Plymouth County, MA
Vacancy
8.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$264,100
Cap Rate 7%
$188,643
Cap Rate 9%
$146,722
Alternative Uses
Best Use
Retail
$320.9K
$280.8K – $374.3K
NOI $22,460 @ 7.0% cap · market cap 701.88%
Second Best
Mixed Use
$188.6K
$165.1K – $220.1K
NOI $13,205 @ 7.0% cap · market cap 412.66%
Theoretical Best
Office A
$809.3K
$708.1K – $944.1K
NOI $56,648 @ 7.0% cap · market cap 1,770.25%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
534
Businesses Nearby
30k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 65%
Shops & Services 35%
Dunkin' Donuts
Dining
10,279 visits/mo
0.1 miles
Dunkin' Donuts
Dining
9,051 visits/mo
0.5 miles
7-Eleven
Shops & Services
5,852 visits/mo
0.1 miles
Family Dollar
Shops & Services
4,498 visits/mo
0.1 miles
Demographics for 02382, MA
15,121
Population
6,031
Households
2.5
Avg Household Size
41
Median Age
29%
College-Educated
95%
High-School Grad
6.9 sq mi
ZIP Area
2,191
Density / Sq Mi
$107,794
Median Household Income
$53,875
Median Earnings
$1,785
Median Rent
$456,400
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - A bathroom and heating and air-conditioning system are included, leaving interior finishes for the tenant to tailor.
Where is this retail space located?
The property is located at 598 Washington St Whitman, MA.
What are key features of this property?
This property features: 1,367 square feet of new retail space; Built in 2026 as part of a mixed‑use development; 15 residential apartments above the commercial spaces
