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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    505 Columbian St Weymouth, MA 02190-1129

    • Retail space
    • 2,800 SF
    • 4.26 lot acres
    OFF-MARKET
    Last Sale
    Nov 21, 2023
    $950,000
    Value Estimations
    $995,000
    Show details
    Cap Rate Potential
    4.7%
    Retail space
    Location Intelligence
    Property ID
    US38-0610405
    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

    • Maria’s Beer & Wine / Beer Store / Convenience Store
    • Marias Propane filling station / Propane Supplier

    Property Details for 505 Columbian St

    Year built
    1997
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    4.26 lot acres
    Property size
    2,800 SF
    Zone code
    85
    Property type
    Retail space
    APN
    WEYM M:40 B:482 L:014
    APU
    WEYMM40B482L014

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,010,000
      ML approach
      $1,070,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $795,000
      6.5%
      $735,000
      7%
      $680,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $987,000
      Market price range: $339k - $1.31M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $810,000
      Current use
      AUTO REPAIR, GARAGE
      $900,000
      Change: +11% Conversion: Difficult
      OFFICE BUILDING
      $810,000
      Change: -0% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Weymouth
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.971
    Latitude
    42.1829
    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
    $9,559
    $316,000
    $271,500
    $587,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,625,000
      9,580 SF

      1255 Main St

      RETAIL STORES (PERSONAL SERVICES) • 9,580 SF
      1255 Main St, Weymouth, MA 02190-1555
      View Details
    • Value Estimation
      $780,000
      4,927 SF

      1 Un St

      RETAIL STORES (PERSONAL SERVICES) • 4,927 SF
      1 Un St, Weymouth, MA 02190-2303
      View Details
    • Value Estimation by Request
      500 SF

      955 Main St

      RETAIL STORES (PERSONAL SERVICES) • 500 SF
      955 Main St, Weymouth, MA 02190-1609
      View Details
    • Value Estimation
      $925,000
      6,535 SF

      101 Pleasant St

      RETAIL STORES (PERSONAL SERVICES) • 6,535 SF
      101 Pleasant St, Weymouth, MA 02190-2400
      View Details
    • Value Estimation
      $1,320,000
      8,292 SF

      431 Columbian St, Unit 441

      RETAIL STORES (PERSONAL SERVICES) • 8,292 SF
      431 Columbian St, Weymouth, MA 02190-1127
      View Details
    • Value Estimation
      $510,000
      2,020 SF

      85 Pond St

      RETAIL STORES (PERSONAL SERVICES) • 2,020 SF
      85 Pond St, Weymouth, MA 02190-1548
      View Details

    Similar Nearby for Sale

    • $159,000

      Turnkey Restaurant in Prime Location

      Established pizza restaurant for sale in Weymouth, Massachusetts.
      Union St, Weymouth, MA 02190
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    • $1,350,000

      Two Homes and Development Opportunity

      Two single-family homes on 5.28 acres with development potential.
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      View Details
    • $799,900

      Two-Family Home in South Weymouth

      Two-unit property with detached garage near commuter rail.
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    Similar Nearby for Lease

    • Contact for pricing
      2,740 SF

      Retail Space Near South Shore

      Retail space near South Shore Hospital and commuter rail.
      35 Pleasant St, South Weymouth, MA 02190
      View Details
    • Contact for pricing
      4,160 SF

      Retail Space Near Union Point

      New retail space near a large development project.
      505 Pond St, Weymouth, MA 02190
      View Details
    • Contact for pricing
      1,480 SF

      Retail Space in South Weymouth

      Retail space available for lease in South Weymouth, MA.
      89 Pleasant St, South Weymouth, MA 02190
      View Details
    • $7,000 /Mo

      Columbia Square Bank Building Available

      Ideally located building in Columbia Square near South Shore Hospital.
      51 Columbian St, Weymouth, MA 02190
      View Details
    • Contact for pricing
      1,515 SF

      South Weymouth Office Space Available

      Office space available for rent in South Weymouth, MA.
      879 Main St, South Weymouth, MA 02190
      View Details
    • $18 SF/Yr
      2,800 SF

      South Weymouth Office Space Available

      2,800 SF office space for rent in South Weymouth.
      1132-1134 Main St, South Weymouth, MA 02190
      View Details
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    505 Columbian St
    Weymouth, MA 02190-1129
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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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