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    1239 Washington St Weymouth, MA 02189
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    Property profile & analytics

    1239 Washington St Weymouth, MA 02189

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    • Office buildings
    • 14,480 SF
    • 0.74 lot acres
    For Lease
    $20 SF/Yr
    View Listing →
    Commercial For Lease
    $20 SF/Yr
    13,500 SF

    Commercial

    Office Units · 13,500 SF

    1239 Washington St, Weymouth, MA 2189
    View Listing
    Property ID
    US38-1697155
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Atlas Alarm Corporation / Electronics & Wireless Store / Security Service
    • American Alarm and Communications, Inc. / Security Service

    Property Details for 1239 Washington St

    Year built
    1967
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.74 lot acres
    Property size
    14,480 SF
    Zone code
    100
    Property type
    Office buildings
    APN
    WEYM M:35 B:446 L:021
    APU
    WEYMM35B446L021

    Description

    This exceptional two-story, 14,480-square-foot executive office building, situated on a 0.74-acre lot in Weymouth, Massachusetts, presents a unique leasing opportunity. Built in 1967 and extensively renovated in 2022, the Class B property boasts a completely modernized interior. Improvements include brand new windows, HVAC system, restrooms, sprinkler system, insulation, electrical upgrades, a new alarm system, and a refurbished elevator. The available space totals 2,961 square feet and is ready for tenant build-out to meet specific needs. The property features ample surface parking in a newly paved lot, providing convenient access for employees and clients. Benefit from excellent visibility and signage opportunities along busy Route 53, ensuring high brand exposure. The location offers easy access to Route 3, less than two miles away, providing convenient commuting options for employees and clients. This multi-tenant building is located at 1239 Washington Street, Weymouth, MA 02189, within Norfolk County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,742,000
      Market price range: $2.57M - $5.44M
      AI Estimate
      $2,286,000
      Market price range: $2.19M - $5.25M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $4,185,000
      Current use
      RETAIL STORES
      $4,190,000
      Change: +0% Conversion: Moderate
      APARTMENT HOUSE (5+ UNITS)
      $4,160,000
      Change: -1% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Weymouth
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.926
    Latitude
    42.1953
    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
    $27,122
    $294,000
    $1,373,000
    $1,667,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $765,000
      3,781 SF

      815 Broad St

      OFFICE BUILDING • 3,781 SF
      815 Broad St, Weymouth, MA 02189-2030
      View Details
    • Value Estimation
      $790,000
      2,520 SF

      14 Iron Hl St

      OFFICE BUILDING • 2,520 SF
      14 Iron Hl St, Weymouth, MA 02189-2715
      View Details
    • Value Estimation by Request
      1,108 SF

      430 Middle St

      OFFICE BUILDING • 1,108 SF
      430 Middle St, Weymouth, MA 02189-1239
      View Details
    • Value Estimation by Request
      1,176 SF

      51 Moore Rd

      OFFICE BUILDING • 1,176 SF
      51 Moore Rd, Weymouth, MA 02189-2305
      View Details
    • Value Estimation
      $2,695,000
      13,500 SF

      25 Mathewson Dr

      OFFICE BUILDING • 13,500 SF
      25 Mathewson Dr, Weymouth, MA 02189-2345
      View Details
    • Value Estimation
      $830,000
      4,160 SF

      577 Broad St

      OFFICE BUILDING • 4,160 SF
      577 Broad St, Weymouth, MA 02189-1801
      View Details

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      Mixed-use property with development potential on Washington Street.
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      Automotive Shop with Office Space

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    Similar Nearby for Lease

    • Contact for pricing
      3,521 SF

      First Class Office Building

      Office building in Weymouth Woods Corporate Center available for rent.
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      Professional Office Space Available Now

      Updated office space with included utilities and ample parking.
      1362 Washington St, Weymouth, MA 02189
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    • Contact for pricing
      1,400 SF

      Weymouth Commercial Space For Lease

      Prime commercial space in Weymouth, ideal for retail or office.
      978 Washington St, Weymouth, MA 02189
      View Details
    • $700 /Mo
      465 SF

      Weymouth Office Space For Rent

      Office space available for lease in Weymouth, Massachusetts.
      1362 Washington St, Weymouth, MA 02189
      View Details
    • Contact for pricing
      2,480 SF

      Remodeled Office Space Available

      Efficient, remodeled office space with private offices and conference room.
      20 Mathewson Dr, East Weymouth, MA 02189
      View Details
    • Contact for pricing
      3,000 SF

      Professional Office Space Available

      3000 SF office space for immediate occupancy.
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      View Details
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    Weymouth, MA 02189
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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.

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