Norwell Office Suite For
For Sale
$285,000
80 Washington Street Unit D21, Norwell, MA 02061
Efficient 675 SF office suite in Norwell professional building.
Property Size675 SF
Price / SF$422.22
Days on Market291
Property Features for 80 Washington Street Unit D21
General Information
Standard status
Active
Size
675 SF
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1989
Listing Agency:
Jay Nuss Realty Group,LLC
(781) 910-6575
Listed By:
Jay Nuss
(781) 645-0505
Source:
Yourhomeforsale
Added: Nov 6, 2025
Changed: Aug 23
Last Checked: Aug 24 at 6:46AM
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 Jay Nuss Realty Group,LLC
Investment Insights
Based on property information with market context.
This 675 square foot office suite is located in a professional building in Norwell. The suite, designated as Unit D21, features three private offices. The layout is designed to be flexible and offers natural light. The location provides convenient access to Route 53 and is near restaurants, retail options, and major commuter routes. The suite is suitable for therapists, consultants, small firms, or other businesses seeking a workspace in a South Shore location.
Key Highlights
- Turnkey 675 SF office suite in a desirable Norwell professional building.
- Three well‑proportioned private offices ideal for teams seeking a quiet, productive environment.
- Flexible layout and natural light.
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
$14,118
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
4.95%
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%
$282,360
$282.4K
Cap Rate 7%
$201,686
$201.7K
Cap Rate 9%
$156,867
$156.9K
Market Conditions
NOI Build-Up for 675 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
$22.7K $33.60/SF
− Vacancy
−$3.9K −$5.71/SF
EGI
$18.8K $27.89/SF
− OpEx
−$4.7K −$6.97/SF
NOI
$14.1K $20.92/SF
Area
Plymouth County, MA
Vacancy
17.00%
Lease Rate
$33.60 /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%
$282,360
Cap Rate 7%
$201,686
Cap Rate 9%
$156,867
Alternative Uses
Best Use
Office B
$201.7K
$176.5K – $235.3K
NOI $14,118 @ 7.0% cap · market cap 4.95%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$399.6K
$349.7K – $466.2K
NOI $27,972 @ 7.0% cap · market cap 9.81%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
967
Businesses Nearby
Explore this area
Business Placement
Demographics for 02061, MA
11,351
Population
3,739
Households
3
Avg Household Size
42
Median Age
65%
College-Educated
98%
High-School Grad
20.9 sq mi
ZIP Area
543
Density / Sq Mi
$182,637
Median Household Income
$82,358
Median Earnings
$2,181
Median Rent
$799,600
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?
Office units - Efficient 675 SF office suite in Norwell professional building.
Where is this office units located?
The property is located at 80 Washington Street Unit D21 Norwell, MA.
What is the asking price?
The asking price for this property is $285,000.
What are key features of this property?
This property features: Turnkey 675 SF office suite in a desirable Norwell professional building.; Three well‑proportioned private offices ideal for teams seeking a quiet, productive environment.; Flexible layout and natural light.
