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    28 South St, Unit 8 Hingham, MA 02043

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    28 South St, Unit 8 Hingham, MA 02043

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    • Showrooms
    • 7,697 SF
    • 0.16 lot acres
    For Lease
    $475/Mo
    View Listing →
    Downtown Hingham Office Space Available For Lease
    $475/Mo

    Downtown Hingham Office Space Available

    Second-floor office unit in vibrant downtown Hingham, ready for occupancy.

    28 South Street #8, Hingham, MA 2043
    View Listing
    Property ID
    US38-1352445
    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

    • Above the Line Programming / Film Production / Television Studio
    • Financial Collaborative / Metal Fabrication Plant / Factory
    • Trellis Home Design / Interior Design / Home Decor Store
    • Advisors Living - Plymouth / Real Estate Agency
    • Sole / Clothing & Fashion Store

    Property Details for 28 South St

    Year built
    1880
    Construction
    FRAME
    Lot size
    0.16 lot acres
    Property size
    7,697 SF
    Property type
    Showrooms
    APN
    HING M:61 B:0 L:130
    APU
    HINGM61B0L130

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $944,000
      Market price range: $776k - $2.19M
      AI Estimate
      $465,000
      Market price range: $384k - $1.09M

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

    Location Insight

    • Map
    • Local Demand
    City
    Hingham
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.8885
    Latitude
    42.2422
    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
    $16,365
    $597,700
    $910,600
    $1,508,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $555,000
      4,788 SF

      124 Nn St

      SHOW ROOM, WAREHOUSE • 4,788 SF
      124 Nn St, Hingham, MA 02043-1842
      View Details
    • Value Estimation
      $2,005,000
      21,161 SF

      101 Derby St

      SHOW ROOM, WAREHOUSE • 21,161 SF
      101 Derby St, Hingham, MA 02043-4226
      View Details
    • Value Estimation
      $1,010,000
      12,104 SF

      45 Industrial Park Rd

      SHOW ROOM, WAREHOUSE • 12,104 SF
      45 Industrial Park Rd, Hingham, MA 02043-4357
      View Details
    • Value Estimation
      $690,000
      6,634 SF

      164 Nn St

      SHOW ROOM, WAREHOUSE • 6,634 SF
      164 Nn St, Hingham, MA 02043-1843
      View Details
    • Value Estimation
      $775,000
      3,173 SF

      22 Central St

      SHOW ROOM, WAREHOUSE • 3,173 SF
      22 Central St, Hingham, MA 02043-2515
      View Details
    • Value Estimation
      $4,015,000
      48,405 SF

      99 Derby St

      SHOW ROOM, WAREHOUSE • 48,405 SF
      99 Derby St, Hingham, MA 02043-4216
      View Details

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      Hingham Commercial Building For Sale

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      Professional Office Space Near Route 3

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      Professional Office Space Near Route 3

      Second-floor office unit in a recognized professional setting.
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      Professional Office Space Available

      Office space in a recognized professional setting near Route 3.
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    Similar Nearby for Lease

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      1,884 SF

      Vibrant Maritime Shopping Destination

      Mixed-use development with shopping, dining, entertainment, living, and office space.
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      View Details
    • Contact for pricing
      3,000 SF

      Retail Space with Full Basement

      Retail space for rent with street-grade entrance and basement.
      29-39 Main St, Hingham, MA 02043
      View Details
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      Vibrant Maritime Shopping Destination Space

      Retail spaces available in Hingham Shipyard's mixed-use development.
      9 Shipyard Dr, Hingham, MA 02043
      View Details
    • $60 SF/Yr

      Downtown Hingham Retail Space Available

      Prime ground floor commercial space in downtown Hingham for lease.
      7-9 Central St, Hingham, MA 02043
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    • $1,450 /Mo
      550 SF

      Versatile Commercial Space in Hingham

      Prime location near dining, shopping, and transit. Available February 2026.
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      View Details
    • Contact for pricing
      1,964 SF

      Mixed-Use Waterfront Retail Space

      Retail space in a vibrant mixed-use waterfront development.
      19 Shipyard Dr, Hingham, MA 02043
      View Details
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    Hingham, MA 02043
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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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