Turnkey Medical Office
For Sale
$420,000
6-8-536 Broad St, Weymouth, MA 02188
Corner medical condominium with six private rooms, ADA restroom, and kitchenette within a professionally managed building.
Property Size1,660 SF
Price / SF$253.01
Days on Market75
Property Features for 6-8-536 Broad St
General Information
Standard status
Active
Size
1,660 SF
Taxes and HOA fees
Annual Taxes
$6,835
Listing Agency:
Conviser Property Group, Inc.
(617) 593-1700
Listed By:
Dmitriy Shnitman
(617) 953-9892
Source:
Exprealty
Added: Jun 24
Changed: Aug 31
Last Checked: Sep 5 at 2:46PM
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 presents a highly functional layout in a professionally managed medical building. The corner unit encompasses six private exam and office rooms, one ADA-compliant restroom, and a dedicated kitchenette, creating an efficient workspace for staff and patients.
The offering includes units #6–8 at 536 Broad Street. The corner positioning is designed to support strong interior visibility and natural light within the building.
The configuration is well-suited for medical or related professional use, supported by the private room layout and on-site restroom and kitchenette facilities.
The offering includes units #6–8 at 536 Broad Street. The corner positioning is designed to support strong interior visibility and natural light within the building.
The configuration is well-suited for medical or related professional use, supported by the private room layout and on-site restroom and kitchenette facilities.
Key Highlights
- ±1,660 SF corner medical office condo at 536 Broad Street, Units #6–8, Weymouth, MA
- 6 private exam/office rooms for patient visits and office use
- 1 ADA‑compliant restroom plus a dedicated kitchenette
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
8.67%
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 8.67%
Second Best
Healthcare Medical
$427.9K
$374.4K – $499.2K
NOI $29,952 @ 7.0% cap · market cap 7.13%
Theoretical Best
Office A
$982.7K
$859.9K – $1.15M
NOI $68,790 @ 7.0% cap · market cap 16.38%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
602
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02188, MA
15,133
Population
7,166
Households
2.1
Avg Household Size
42
Median Age
40%
College-Educated
93%
High-School Grad
3.9 sq mi
ZIP Area
3,880
Density / Sq Mi
$102,236
Median Household Income
$64,110
Median Earnings
$1,859
Median Rent
$542,900
Median Home Value
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 condominium with six private rooms, ADA restroom, and kitchenette within a professionally managed building.
Where is this medical office space located?
The property is located at 6-8-536 Broad St Weymouth, MA.
What is the asking price?
The asking price for this property is $420,000.
What are key features of this property?
This property features: ±1,660 SF corner medical office condo at 536 Broad Street, Units #6–8, Weymouth, MA; 6 private exam/office rooms for patient visits and office use; 1 ADA‑compliant restroom plus a dedicated kitchenette
