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    35 W Main St Georgetown, MA 01833
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    Property profile & analytics

    35 W Main St Georgetown, MA 01833

    View on Map
    • Office buildings
    • 1,534 SF
    • 0.13 lot acres
    For Lease
    $515,000
    View Listing →
    Downtown Georgetown Retail/Office Spaces For Lease
    $515,000
    1,400 SF

    Downtown Georgetown Retail/Office Spaces

    Four unique spaces available for lease in downtown Georgetown.

    35 W Main St, Georgetown, MA 1833
    View Listing
    Property ID
    US38-0432335
    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

    • Office buildings

    Property Details for 35 W Main St

    Year built
    1865
    Construction
    FRAME
    Lot size
    0.13 lot acres
    Property size
    1,534 SF
    Property type
    Office buildings
    APN
    GEOR M:0011A B:00000 L:00071
    APU
    GEORM0011AB00000L00071

    Description

    Exceptional opportunity to lease office or retail space in the heart of downtown Georgetown, Massachusetts. This property, located at 35 W Main St (Route 97), offers multiple suites within a two-story, 1973-built building renovated in 2020. The building features a Class B designation, boasting a total of four suites, ample parking (30 spaces), and high visibility on a major thoroughfare with over 15,000 vehicles passing daily (MA DOT data). Suite sizes range from approximately 625 to 839 square feet, with options for ground-floor retail and second-floor office spaces. The building features a 9-foot ceiling height and a wide-open floor plan. The property sits on a 0.54-acre lot and is zoned CA. Its convenient location places it near the primary intersection in town, offering excellent exposure to high traffic volume. Nearby businesses include Dunkin' Donuts, Salem Five, Napa Auto Parts, Crosby Market, Mobil, CVS, and The Spot restaurant. The lease is a modified gross lease

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $760,000
      6.5%
      $700,000
      7%
      $650,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $526,000
      Market price range: $208k - $527k
      AI Estimate
      $526,000
      Market price range: $148k - $527k

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $345,000
      Current use
      AUTO REPAIR, GARAGE
      $365,000
      Change: +7% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Georgetown
    County
    Essex
    State
    Massachusetts
    Longitude
    -70.9907
    Latitude
    42.7235
    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
    $5,274
    $91,500
    $328,700
    $420,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $825,000
      5,054 SF

      51 Main St

      OFFICE BUILDING • 5,054 SF
      51 Main St, Georgetown, MA 01833-2073
      View Details
    • Value Estimation by Request
      984 SF

      8 Prospect St

      OFFICE BUILDING • 984 SF
      8 Prospect St, Georgetown, MA 01833-1640
      View Details
    • Value Estimation
      $620,000
      1,884 SF

      113 Jewett St

      OFFICE BUILDING • 1,884 SF
      113 Jewett St, Georgetown, MA 01833-1833
      View Details
    • Value Estimation
      $625,000
      1,924 SF

      33 Main St

      OFFICE BUILDING • 1,924 SF
      33 Main St, Georgetown, MA 01833-2009
      View Details
    • Value Estimation
      $825,000
      4,050 SF

      25 Main St

      OFFICE BUILDING • 4,050 SF
      25 Main St, Georgetown, MA 01833-2007
      View Details
    • Value Estimation
      $565,000
      2,600 SF

      24-26 Central St

      OFFICE BUILDING • 2,600 SF
      24-26 Central St, Georgetown, MA 01833
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Charming Georgetown Office Building For Sale

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      Charming Georgetown Office Building For Sale

      Attractive office building with handicap access and excellent visibility.
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      Retail Space in Georgetown, MA

      3,000 SF retail space on 0.78 AC for sale.
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    Similar Nearby for Lease

    • $695 /Mo
      200 SF

      Georgetown Office Space For Rent

      Affordable office space in downtown Georgetown with high visibility.
      35-41 W Main St, Georgetown, MA 01833
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      Downtown Georgetown Second-Floor Office

      Affordable office space in a high-traffic downtown location.
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      Georgetown Medical Office For Lease

      Flexible office space in downtown Georgetown with high visibility.
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      Georgetown Office Space For Rent

      Affordable 250 SF office space in downtown Georgetown.
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    • $2,500 /Mo
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      Downtown Georgetown Office Space Available

      Second-floor office space with high visibility in downtown Georgetown.
      35-41 W Main St, Georgetown, MA 01833
      View Details
    • Contact for pricing

      Downtown Georgetown Retail/Office Spaces

      Four unique spaces available for lease in downtown Georgetown.
      35 W Main St, Georgetown, MA 01833
      View Details
    View Listing
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    Georgetown, MA 01833
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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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