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    101 Pleasant St Weymouth, MA 02190-2400

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    101 Pleasant St Weymouth, MA 02190-2400

    View on Map
    • Retail space
    • 6,535 SF
    • 0.21 lot acres
    Off-Market
    Property ID
    US38-0897312
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $925,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Olden's Pharmacy / Pharmacy
    • Bill Macarthur / Pharmacy
    • Caroline Mcgue / Pharmacy

    Property Details for 101 Pleasant St

    Year built
    1930
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.21 lot acres
    Property size
    6,535 SF
    Zone code
    100
    Property type
    Retail space
    APN
    WEYM M:45 B:526 L:009
    APU
    WEYMM45B526L009

    Description

    This exceptional retail property, located at 101 Pleasant Street in Weymouth, Massachusetts, offers 6,535 square feet of space in a single-tenant building. Situated in the desirable B2 zone, this well-established location boasts excellent visibility and accessibility. The property features convenient front and rear entrances, providing ample opportunities for customer access. Ample parking is available both in the rear of the building and on the street in front. The interior features 8-foot ceilings throughout the main space. Adding to the property's functionality is a 660 square foot unfinished partial basement, ideal for storage. The property's strategic location offers easy access to Routes 18 and 3, as well as the South Shore Hospital, ensuring high traffic and visibility. Currently operating as a pharmacy, this versatile space presents a unique opportunity for a variety of retail businesses. The lease rate is $24 per square foot, NNN. This property is ready for immediate occupancy and presents a compelling investment opportunity in a thriving Weymouth location. The property's address is 101 Pleasant Street, Weymouth, MA 02190.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,144,000
      Market price range: $791k - $3.07M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Weymouth
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.9512
    Latitude
    42.1738
    CBSA code
    14460
    CBSA name
    BOSTON-CAMBRIDGE-QUINCY, MA-NH METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $11,072
    $243,100
    $437,400
    $680,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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      $995,000
      2,800 SF

      505 Columbian St

      RETAIL STORES (PERSONAL SERVICES) • 2,800 SF
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      View Details
    • Value Estimation by Request
      4,902 SF

      1202 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,902 SF
      1202 Main St, Weymouth, MA 02190-1559
      View Details
    • Value Estimation
      $1,075,000
      4,968 SF

      1650 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,968 SF
      1650 Main St, Weymouth, MA 02190-1310
      View Details
    • Value Estimation
      $6,135,000
      14,736 SF

      969 Main St

      RETAIL STORES (PERSONAL SERVICES) • 14,736 SF
      969 Main St, Weymouth, MA 02190-1609
      View Details
    • Value Estimation
      $625,000
      484 SF

      259 Park Ave

      RETAIL STORES (PERSONAL SERVICES) • 484 SF
      259 Park Ave, Weymouth, MA 02190-2504
      View Details
    • Value Estimation
      $1,440,000
      9,510 SF

      9 Un St, Unit 19

      RETAIL STORES (PERSONAL SERVICES) • 9,510 SF
      9 Un St, Weymouth, MA 02190-2303
      View Details

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    Similar Nearby for Lease

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      1,962 SF

      Retail Space Near South Shore

      Retail space near South Shore Hospital and commuter rail.
      35 Pleasant St, South Weymouth, MA 02190
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      Retail Space in South Weymouth

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      Office Space Near South Shore

      Office space for rent near South Shore Hospital.
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      View Details
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    101 Pleasant St
    Weymouth, MA 02190-2400
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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    101 Pleasant St, Weymouth, MA, 02190

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