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

    1530 Commercial St Weymouth, MA 02189-3073

    • Investment properties
    • 4,890 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Jul 03, 2023
    $1,020,000
    Value Estimations
    $1,000,000
    Show details
    Cap Rate Potential
    3.8%
    Investment properties
    Location Intelligence
    Property ID
    US38-1531528
    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

    • Jackson Square Tavern / Restaurant

    Property Details for 1530 Commercial St

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.46 lot acres
    Property size
    4,890 SF
    Zone code
    100
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    WEYM M:23 B:253 L:024
    APU
    WEYMM23B253L024

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,255,000
      ML approach
      $1,245,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $785,000
      6.5%
      $725,000
      7%
      $675,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,026,000
      Market price range: $774k - $1.45M
      AI Estimate
      $690,000
      Market price range: $399k - $1.00M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,085,000
      Current use
      AUTO REPAIR, GARAGE
      $1,575,000
      Change: +45% Conversion: Difficult
      RETAIL STORES
      $1,415,000
      Change: +31% Conversion: Easy
      OFFICE BUILDING
      $1,415,000
      Change: +31% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Weymouth
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.922
    Latitude
    42.2165
    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
    $0.00
    $267,700
    $764,200
    $1,031,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      0.28 Acres

      1099 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.28 Acres
      1099 Washington St, Weymouth, MA 02189-1965
      View Details
    • Value Estimation by Request
      1,824 SF

      12 Saint Anne Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,824 SF
      12 Saint Anne Rd, Weymouth, MA 02189-1724
      View Details
    • Value Estimation
      $590,000
      3,909 SF

      856 Broad St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,909 SF
      856 Broad St, Weymouth, MA 02189-2923
      View Details
    • Value Estimation
      $805,000
      5,504 SF

      1072 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 5,504 SF
      1072 Washington St, Weymouth, MA 02189-1985
      View Details
    • Value Estimation by Request
      0.34 Acres

      20-22 Sta St

      OFFICE/RESIDENTIAL (MIXED USE) • 0.34 Acres
      20-22 Sta St, Weymouth, MA 02189
      View Details
    • Value Estimation
      $635,000
      4,303 SF

      1267 Washington St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,303 SF
      1267 Washington St, Weymouth, MA 02189-2316
      View Details

    Similar Nearby for Sale

    • $2,475,000

      Washington Street Mixed-Use Property

      Mixed-use property with multi-family units and development potential.
      1171 Washington St, Weymouth, MA 02189
      View Details
    • $995,000
      6,305 SF

      East Weymouth Industrial Property

      6,305 SF industrial property available in East Weymouth, MA.
      81 Hawthorne St, East Weymouth, MA 02189
      View Details
    • $630,000

      Two-Family Home with Vacant Units

      Two-family home with vacant units, ideal for owner-occupants or investors.
      52 High St, Weymouth, MA 02189
      View Details
    • $220,000
      820 SF

      Medical Office Condo For Sale

      Medical office condo with 3 rooms, bathroom, and kitchenette.
      536 Broad St, Weymouth, MA 02189
      View Details
    • $2,799,900

      Automotive Shop with Office Space

      Commercial property featuring an automotive shop and office space.
      40 Moore Rd, Weymouth, MA 02189
      View Details
    • $650,000
      2,541 SF

      Medical Office Condo For Sale

      Turnkey medical office condo with 10 rooms for immediate occupancy.
      536 Broad St, Weymouth, MA 02189
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      10,000 SF

      Prime Weymouth Warehouse Space

      10,000 SF Warehouse, 11 Acres
      293 Libbey Pkwy, Weymouth, MA 02189
      View Details
    • Contact for pricing
      8,090 SF

      Prime Weymouth Retail Space

      8,090 SF Retail Space - Available Now
      824 Washington St, Weymouth, MA 02189
      View Details
    • $1,802 /Mo
      865 SF

      Prime Weymouth Office/Retail Space

      High-visibility space on Route 53, ideal for diverse businesses.
      1235 Washington St, East Weymouth, MA 02189
      View Details
    • Contact for pricing

      Retail Space in Weymouth Center

      Retail space available in Weymouth, MA shopping center.
      1515 Commercial St, Weymouth, MA 02189
      View Details
    • Contact for pricing
      8,000 SF

      Prime Weymouth Retail Space

      High-traffic location, excellent visibility.
      1515 Commercial St, Weymouth, MA 02189
      View Details
    • Contact for pricing
      6,600 SF

      East Weymouth Warehouse Space

      6,600 SF warehouse space available for lease.
      1373 Washington St, East Weymouth, MA 02189
      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.
    1530 Commercial St
    Weymouth, MA 02189-3073
    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.