Listing Agency: Key Realty - Quincy Show Phone

Listed By: Sean M. Kenealy Show Phone

Source: Moodyscre

Added: Jan 5, 2023 Changed: Oct 26 Last Checked: Oct 28 at 12:21PM

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Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

An industrial property offering 6,305 square feet of space is available for sale in East Weymouth, Massachusetts.

Key Highlights

• 6,305 SF industrial property
• Location in East Weymouth, MA

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$67,066

Cap Rate

6.74%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,341,320 $1.3M

Cap Rate 7%

$958,086 $958.1K

Cap Rate 9%

$745,178 $745.2K

Is this asking price fair?

Market Conditions

NOI Build-Up for 6,305 SF

Gross rent

$101.4K $16.08/SF

− Vacancy

−$5.6K −$0.88/SF

EGI

$95.8K $15.20/SF

− OpEx

−$28.7K −$4.56/SF

NOI

$67.1K $10.64/SF

Area

Norfolk County, MA

Vacancy

5.50%

Lease Rate

$16.08 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,341,320

Cap Rate 7%

$958,086

Cap Rate 9%

$745,178

Alternative Uses

Best Use

Industrial

$958.1K

$838.3K – $1.12M (±1% cap)

NOI $67,066 @ 7.0% cap · market cap 6.74%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$3.73M

$3.27M – $4.35M (±1% cap)

NOI $261,278 @ 7.0% cap · market cap 26.26%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Lester R Fulton ... Construction Company

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage Dental Office Restaurant Pharmacy

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

308

Businesses Nearby

Explore this area Business Placement

Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019

4.6% 2020

3.2% 2021

3.3% 2022

5.3% 2023

6.6% 2024

7.6% 2025

Frequently Asked Questions

What type of property is this?

Industrial property - 6,305 SF industrial property available in East Weymouth, MA.

Where is this industrial property located?

The property is located at 81 Hawthorne St East Weymouth, MA.

What is the asking price?

The asking price for this property is $995,000.

What are key features of this property?

This property features: 6,305 SF industrial property; Location in East Weymouth, MA