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    409 Washington St Weymouth, MA 02188-2929

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    409 Washington St Weymouth, MA 02188-2929

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    • Retail space
    • 2,764 SF
    • 0.28 lot acres
    Off-Market
    Property ID
    US38-0650103
    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
    $580,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wellspring Multi-Service Center/Thrift shop / Charitable Organization / Social Service Agency
    • AMAZING Vape / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice

    Property Details for 409 Washington St

    Year built
    1950
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.28 lot acres
    Property size
    2,764 SF
    Zone code
    100
    Property type
    Retail space
    APN
    WEYM M:24 B:325 L:045
    APU
    WEYMM24B325L045

    Description

    This exceptional 2,764 square foot free-standing retail building, located on Route 53 in Weymouth, presents a unique investment opportunity. Completely renovated in 2020, the property boasts a single-tenant occupancy and is ready for immediate use. The building, constructed in 1950, sits on a 0.28-acre lot and offers ample parking with 18+ spaces. Its prominent location ensures high visibility, with over 23,000 vehicles passing daily. The oversized pylon signage guarantees maximum brand exposure. Previously used as a restaurant, the space has been thoughtfully converted into a versatile storefront, ideal for a variety of retail businesses. The zoning designation is 100. Property taxes are $3.03 per square foot. The building is a single-story structure with a total of 2,764 square feet of vacant space. This is a rare opportunity to acquire a well-located, renovated retail property in a high-traffic area. Don't miss out on this chance to establish your business in a prime Weymouth location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $785,000
      6.5%
      $725,000
      7%
      $670,000

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $800,000
      Current use
      AUTO REPAIR, GARAGE
      $890,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $800,000
      Change: -0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Weymouth
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.9591
    Latitude
    42.2097
    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
    $8,382
    $250,300
    $264,900
    $515,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $745,000
      11,886 SF

      373 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 11,886 SF
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      View Details
    • Value Estimation by Request
      688 SF

      158 Winter St

      RETAIL STORES (PERSONAL SERVICES) • 688 SF
      158 Winter St, Weymouth, MA 02188-3305
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    • Value Estimation
      $830,000
      4,000 SF

      709 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 4,000 SF
      709 Washington St, Weymouth, MA 02188-3321
      View Details
    • Value Estimation
      $1,550,000
      8,372 SF

      435-437 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 8,372 SF
      435-437 Washington St, Weymouth, MA 02188
      View Details
    • Value Estimation
      $1,750,000
      9,400 SF

      408 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 9,400 SF
      408 Washington St, Weymouth, MA 02188-2909
      View Details
    • Value Estimation
      $1,825,000
      3,850 SF

      396 Washington St

      RETAIL STORES (PERSONAL SERVICES) • 3,850 SF
      396 Washington St, Weymouth, MA 02188-2909
      View Details

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    Similar Nearby for Lease

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      Retail Space in Weymouth

      Retail space available for lease in Weymouth, Massachusetts.
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    • $18 SF/Yr
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    Weymouth, MA 02188-2929
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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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