Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    106 Finnell Dr Weymouth, MA 02188

    • Warehouses
    • 59,000 SF
    • 4.68 lot acres
    For Lease
    View listing
    Last Sale
    Aug 31, 2023
    $51,000,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-1086458
    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.

    Current Use by Public Records

    • MacLellan Plumbing & Heating / Plumbing Service / General Contractor
    • Aroyan Aluminum Storefronts / Building Supply / Hardware & Home Improvement
    • DLP Industries, Inc / Factory / Industrial Manufacturer
    • Winsupply of Weymouth / Big Box & Wholesale Store / Building Supply
    • Hogshead Wine Company / Big Box & Wholesale Store

    Property Details for 106 Finnell Dr

    Year built
    1986
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.68 lot acres
    Property size
    59,000 SF
    Zone code
    75
    Property type
    Warehouses
    APN
    WEYM M:36 B:452 L:002
    APU
    WEYMM36B452L002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Weymouth
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.969
    Latitude
    42.1913
    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
    $85,492
    $1,193,100
    $4,061,500
    $5,254,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      50,625 SF

      70 Finnell Dr

      WAREHOUSE, STORAGE • 50,625 SF
      70 Finnell Dr, Weymouth, MA 02188-1127
      View Details
    • Value Estimation by Request
      60,000 SF

      86 Finnell Dr

      WAREHOUSE, STORAGE • 60,000 SF
      86 Finnell Dr, Weymouth, MA 02188-1126
      View Details
    • Value Estimation by Request
      2.43 Acres

      180 King Ave

      INDUSTRIAL (GENERAL) • 2.43 Acres
      180 King Ave, Weymouth, MA 02188-2904
      View Details
    • Value Estimation by Request
      7.99 Acres

      36 Finnell Dr, Unit 50

      INDUSTRIAL (GENERAL) • 7.99 Acres
      36 Finnell Dr, Weymouth, MA 02188-1129
      View Details
    • Value Estimation by Request
      1,300 SF

      110 King Ave

      MANUFACTURING (LIGHT) • 1,300 SF
      110 King Ave, Weymouth, MA 02188-2925
      View Details
    • Value Estimation by Request
      0.80 Acres

      Broad St

      INDUSTRIAL (GENERAL) • 0.80 Acres
      Broad St, Weymouth, MA 02188
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,271 SF

      Manufacturing/Warehouse Building Near Boston

      Flexible manufacturing/warehouse space with loading docks, drive-in, and ample power.
      45 Finnell Dr, Weymouth, MA 02188
      View Details
    • Contact for pricing
      24,114 SF

      Weymouth Flex/Manufacturing Facility For Sale

      24,114 SF flex/manufacturing space on 3 acres near Routes 18/3.
      944 Middle St, Weymouth, MA 02188
      View Details
    • $600,000
      1,309 SF

      The Bradley Commercial Space

      Office space • 1,309 SF
      122 Washington St, Weymouth, MA 02188
      View Details
    • $640,000

      Weymouth Landing Duplex For Sale

      Duplex near train, shops, and library in Weymouth Landing.
      23-25 Lindbergh Ave, Weymouth, MA 02188
      View Details
    • $1,600,000

      Redevelopment Opportunity in Weymouth

      1.7 acre lot approved for mixed-use redevelopment.
      550-560 Washington St, Weymouth, MA 02188
      View Details
    • $1,225,000
      2,939 SF

      Updated Townhouse-Style Multifamily Property

      Well-maintained four-unit multifamily with strong rental potential and flexible occupancy.
      19-25 Common St, Weymouth, MA 02188
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,000 SF

      Industrial Park Warehouse Space Available

      Industrial warehouse and distribution space for lease in Weymouth.
      106 Finnell Dr, Weymouth, MA 02188
      View Details
    • Contact for pricing
      20,250 SF

      Retail Redevelopment Opportunity

      Proposed retail redevelopment with drive-thru and inline space available.
      211 Main St, Weymouth, MA 02188
      View Details
    • Contact for pricing
      6,350 SF

      Retail Space in Weymouth

      Retail space available for lease in Weymouth, Massachusetts.
      655 Washington St, Weymouth, MA 02188
      View Details
    • $950 /Mo

      Office Space with Exposed Brick

      First-floor office/retail space with convenient access and ample parking.
      143 Federal St, Weymouth, MA 02188
      View Details
    • $23 SF/Yr
      321 SF

      Financial Services Office Space

      Office space suitable for financial services, excellent condition, corner location.
      210 Winter St, Weymouth, MA 02188
      View Details
    • Contact for pricing

      Redevelopment Land in Weymouth

      1.10 acres available for redevelopment in Weymouth, Massachusetts.
      Weymouth, MA 02188
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    106 Finnell Dr
    Weymouth, MA 02188
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.