Two-Story Office
For Sale
Contact for pricing
978 Washington, Weymouth, MA 02189
Flexible office layout accommodates professional services, retail, and other service-based businesses.
Property Size1,200 SF
Price / SF$1.25
Days on Market49
Property Features for 978 Washington
General Information
Standard status
Active
Size
1,200 SF
Property subtype
Commercial
Site & Location
Road Access
Yes
Utilities to Site
Yes
Building Details
Year Built
1996
Listing Agency:
Unicorn Realty
(781) 659-2255
Listed By:
Matthew Curran
(617) 686-2181
Source:
Lockandkeyre
Added: Sep 1
Changed: Oct 16
Last Checked: Oct 16 at 8:26AM
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 Unicorn Realty
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Investment Insights
Based on property information with market context.
This 1,200 SF office property at 978 Washington Street includes usable space across the first and second floors. The interior is predominantly configured for office functions and can support professional services, retail, or other service-based businesses. Individual office spaces are also available within the layout.
Positioned on Washington Street (Rt 53) in Weymouth, the property offers access to the South Shore’s commercial and residential base. Utilities are included, and the space is available for immediate occupancy. The building was constructed in 1996.
Positioned on Washington Street (Rt 53) in Weymouth, the property offers access to the South Shore’s commercial and residential base. Utilities are included, and the space is available for immediate occupancy. The building was constructed in 1996.
Key Highlights
- 1,200 SF office property across the first and second floors
- Predominantly built‑out office configuration
- Supports professional services, retail, and service‑based businesses
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,421
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,420
$408.4K
Cap Rate 7%
$291,729
$291.7K
Cap Rate 9%
$226,900
$226.9K
Market Conditions
NOI Build-Up for 1,200 SF
Gross rent
$30.0K $24.96/SF
− Vacancy
−$779 −$0.65/SF
EGI
$29.2K $24.31/SF
− OpEx
−$8.8K −$7.29/SF
NOI
$20.4K $17.02/SF
Area
Norfolk County, MA
Vacancy
2.60%
Lease Rate
$24.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$408,420
Cap Rate 7%
$291,729
Cap Rate 9%
$226,900
Alternative Uses
Best Use
Office B
$376.2K
$329.2K – $438.9K
NOI $26,333 @ 7.0% cap · market cap 1,755.53%
Second Best
Retail
$291.7K
$255.3K – $340.4K
NOI $20,421 @ 7.0% cap · market cap 1,361.40%
Theoretical Best
Office A
$710.4K
$621.6K – $828.8K
NOI $49,728 @ 7.0% cap · market cap 3,315.20%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
962
Businesses Nearby
Explore this area
Business Placement
Demographics for 02189, MA
15,123
Population
6,689
Households
2.3
Avg Household Size
41
Median Age
41%
College-Educated
95%
High-School Grad
4.0 sq mi
ZIP Area
3,781
Density / Sq Mi
$91,842
Median Household Income
$53,785
Median Earnings
$1,732
Median Rent
$463,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Flexible office layout accommodates professional services, retail, and other service-based businesses.
Where is this office units located?
The property is located at 978 Washington Weymouth, MA.
What are key features of this property?
This property features: 1,200 SF office property across the first and second floors; Predominantly built‑out office configuration; Supports professional services, retail, and service‑based businesses
