Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    51 Ct Stb Plymouth, MA 02360-3822
    Property profile & analytics

    51 Ct Stb Plymouth, MA 02360-3822

    View on Map
    • Office Spaces
    • 1,854 SF
    Off-Market
    Property ID
    US38-1406910
    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

    • Shellys Tea Rooms / Restaurant / Cafe & Coffee Shop

    Property Details for 51 Ct Stb

    Year built
    1900
    Construction
    FRAME
    Property size
    1,854 SF
    Zone code
    DH
    Property type
    Office Spaces
    APN
    PLYM M:0017 B:0000 L:0120-B
    APU
    PLYMM0017B0000L0120B

    Description

    This exceptional investment opportunity presents a turn-key, tenant-occupied commercial office condo in the vibrant heart of historic downtown Plymouth, Massachusetts. The property, located at 51 Court Street C, offers 1,613 square feet of usable space, strategically divided to maximize functionality. The main level encompasses 1,300 square feet of retail space ideally situated on a high-foot-traffic area, ensuring excellent visibility and potential for strong rental income. A finished basement adds an additional 313 square feet, providing valuable office and storage space. The unit is further enhanced by a small commercial baking kitchen, perfectly suited for a variety of businesses, and two restrooms – one for patrons and one for employees. Recent cosmetic improvements have been made, ensuring the property is in excellent condition. The current lease agreement extends until December 2029, providing long-term income stability for the investor. Detailed financial information is available upon request. This is a cash buyer opportunity

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Plymouth
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.6671
    Latitude
    41.9585
    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
    $3,557
    $0.00
    $276,400
    $276,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      452 SF

      18 Samoset St, Unit 4

      CONDOMINIUM OFFICES • 452 SF
      18 Samoset St, Plymouth, MA 02360-4544
      View Details
    • Value Estimation by Request
      800 SF

      2277 State Rd, Unit E

      CONDOMINIUM OFFICES • 800 SF
      2277 State Rd, Plymouth, MA 02360-7111
      View Details
    • Value Estimation
      $590,000
      1,895 SF

      15 Caswell Ln Ste, Unit 3

      CONDOMINIUM OFFICES • 1,895 SF
      15 Caswell Ln Ste, Plymouth, MA 02360-4049
      View Details
    • Value Estimation by Request
      660 SF

      101 Ct St, Unit 5

      CONDOMINIUM OFFICES • 660 SF
      101 Ct St, Plymouth, MA 02360-8718
      View Details
    • Value Estimation
      $950,000
      1,780 SF

      39 Industrial Park Rda

      CONDOMINIUM OFFICES • 1,780 SF
      39 Industrial Park Rda, Plymouth, MA 02360-4868
      View Details
    • Value Estimation by Request
      627 SF

      2277 State Rd, Unit J

      CONDOMINIUM OFFICES • 627 SF
      2277 State Rd, Plymouth, MA 02360-7111
      View Details

    Similar Nearby for Sale

    • $192,000
      1,393 SF

      Plymouth Medical Condo for Sale/Lease

      Prime medical office condo near Route 3.
      110 Long Pond Rd, Plymouth, MA 02360
      View Details
    • Contact for pricing

      Plymouth Medical Building Condo

      Medical condo with established tenant mix and ample parking.
      110 Long Pond Rd, Plymouth, MA 02360
      View Details
    • $1,000,000
      2,638 SF

      Downtown Plymouth Mixed-Use Opportunity

      Versatile property in a desirable downtown location, minutes from waterfront.
      96 Court St, Plymouth, MA 02360
      View Details
    • Contact for pricing

      Historic Building with Panoramic Views

      7,000 SF building with diverse zoning and scenic views.
      8 Carver St, Plymouth, MA 02360
      View Details
    • Contact for pricing

      Plymouth Medical Building Condo

      Medical condo with established tenant mix and ample parking.
      110 Long Pond Rd, Plymouth, MA 02360
      View Details
    • Contact for pricing

      Two-Story Office Building Opportunity

      Two-story shell office building for sale in Plymouth Industrial Park.
      144 Industrial Park Rd, Plymouth, MA 02360
      View Details

    Similar Nearby for Lease

    • $600 /Mo

      Downtown Plymouth Office Space Available

      Multiple office spaces available in historic downtown Plymouth.
      100 Court St, Plymouth, MA 02360
      View Details
    • Contact for pricing
      720 SF

      Office Space in Plymouth Park

      Office space available for immediate occupancy in Plymouth, Massachusetts.
      6 Resnik Rd, Plymouth, MA 02360
      View Details
    • Contact for pricing

      Affordable Commercial Unit on Route 3A

      Updated commercial unit with high visibility and all utilities included.
      2277 State Rd, Plymouth, MA 02360
      View Details
    • Contact for pricing

      Modern Workspace in Commerce Location

      Modern workspace suitable for various businesses in a high-traffic area.
      54 Holman Rd, Plymouth, MA 02360
      View Details
    • Contact for pricing

      Downtown Plymouth Office Suite

      Bright office suite in downtown Plymouth, utilities included.
      120 Court St, Plymouth, MA 02360
      View Details
    • Contact for pricing

      High Visibility Office/Retail Space

      Office or retail space with high visibility and desirable features.
      398 Court St, Plymouth, MA 02360
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    51 Ct Stb
    Plymouth, MA 02360-3822
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    51 Ct Stb, Plymouth, MA, 02360
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!