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Property profile & analytics
FOR LEASE
Commercial real estate
1899 Ocean St, Marshfield, MA 02050
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US38-0666952
For Lease
1 / 2
$30 SF/Yr
1899 Ocean St, Marshfield, MA 02050
View Listing →
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Construction
FRAME
Total area
40,272 SF
Lot
1.33 ac (57,725 SF)
Zoning code
B-1
APN
MARS M:0H07 B:0004 L:018A
UPID
US38-0666952
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Bungalow Kitchen + Catering Take-out & Catering Catering Service
-
Just Jenny Hair Hair Salon
-
Brace Yourself Modern Orthodontics Dental Office
-
Lolita Studio Hair Salon
-
Verizon Mobile Phone Store Electronics & Wireless Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.29M
CAP Approach
CAP
$5.99M
Comparable Approach
Comparable
$5.29M
Blend (final)
Blend
$8.02M
Owner & transaction history
1899 Ocean Gate LLC · 3 yrs held
1899 Ocean Gate LLC
since 2022
Last sale
$10.0M
1 recorded transaction
Zoning & alternative use
B-1 · Marshfield, MA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$10.6M
+47.0%
Industrial (general)
$9.1M
+26.6%
Retail stores
$8.4M
+15.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Marshfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Marshfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$8,645,000
ML approach
$8,290,000
CAP Approach
CAP Return
Estimation
6%
$6,485,000
6.5%
$5,985,000
7%
$5,560,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$7,220,000
Current use
RESTAURANT
$10,615,000
Change: +47% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$9,145,000
Change: +27% · Conversion: Moderate
RETAIL STORES
$8,355,000
Change: +16% · Conversion: Easy
AUTO REPAIR, GARAGE
$8,325,000
Change: +15% · Conversion: Difficult
OFFICE BUILDING
$8,135,000
Change: +13% · Conversion: Easy
Blend value · Realmo final
$8.02M
Range $7.22M – $8.82M · ±10% · vs last sale $9.95M (Dec 30 2022)
Last sale anchor
$9.95M
Dec 30 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$199 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$63,230
Tax year 2024
Assessed value
$6,085,700
Assessed 2024
Previous assessed
$6,085,700
+0.0% YoY
Effective rate
1.04%
On assessed value
Assessed land
$1,140,100
Assessed improvement
$4,945,600
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
For Lease
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
YES
Buildings
4
Stories
1
Units
24
Bathrooms
4
Total area
40,272 SF
Lot
1.33 ac (57,725 SF)
Zoning code
B-1
APN
MARS M:0H07 B:0004 L:018A
UPID
US38-0666952
Jurisdiction
MARSHFIELD
Metro division
BOSTON-QUINCY, MA METROPOLITAN DIVISION
Zoning & alternative use
B-1 · Marshfield, MA
Zoning B-1 · permitted uses
B-1 · Marshfield, MA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Marshfield. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$7.2M
RESTAURANT
Est. value
$10.6M
INDUSTRIAL (GENERAL)
Est. value
$9.1M
RETAIL STORES
Est. value
$8.4M
AUTO REPAIR, GARAGE
Est. value
$8.3M
OFFICE BUILDING
Est. value
$8.1M
COMMERCIAL (GENERAL) Current
RESTAURANT
INDUSTRIAL (GENERAL)
RETAIL STORES
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2008
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Units
24
Bathrooms
4
Lot
1.33 ac
Current owner
From public records · entity-resolved
1899 Ocean Gate LLC
Entity
Mailing address
47 WASHINGTON ST, WEYMOUTH, MA 02188-1601
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
$9,950,000
1899 Ocean Gate LLC
Marshfield Prtnrshp
Quit Claim Arm's Length For Ne States
$7,462,500 · Mountain 1st Bank & Trust Co
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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