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    55 Sharp St Hingham, MA 02043

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    55 Sharp St Hingham, MA 02043

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    • Industrial properties
    • 5.81 lot acres
    For Lease
    $4,655,000
    View Listing →
    Hingham Flex/Office Space Available For Lease
    $4,655,000
    6,575 SF

    Hingham Flex/Office Space Available

    Flex/Office space in South Hingham with Route 3 access.

    55 Sharp St, Hingham, MA 2043
    View Listing
    Property ID
    US38-1288329
    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
    $4,655,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Boothby Sports Performance / Gym & Fitness Center
    • Westwood Mills / Building Supply

    Property Details for 55 Sharp St

    Lot size
    5.81 lot acres
    Property type
    Industrial properties
    APN
    HING M:216 B:0 L:25
    APU
    HINGM216B0L25

    Description

    65 Sharp Street presents a unique opportunity to lease a flexible commercial space in a desirable South Hingham location. This single-story, 12,675 square foot building offers a campus-like setting and is currently divisible into spaces starting at 3,000 square feet, with a maximum contiguous space of 12,675 square feet. The property features six dock-high doors and one drive-in door, catering to a variety of business needs. Currently, one 6,575 square foot space is immediately available, ideal for a range of uses including research and development, fitness centers, general office space, or medical practices. Its strategic location provides easy access to Route 3, ensuring convenient commutes for employees and clients. The property benefits from its proximity to numerous amenities, including the popular Derby Street Shops, the Union Point master-planned development, and the South Weymouth Commuter Rail station, offering employees diverse options for shopping, dining, and transportation. Planned building upgrades further enhance the property's appeal. This exceptional property combines functionality, accessibility, and a desirable location, making it an attractive option for businesses seeking a versatile and well-situated space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,670,000
      ML approach
      $4,560,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Hingham
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.9184
    Latitude
    42.161
    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
    $49,098
    $1,231,300
    $3,293,900
    $4,525,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

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    • Value Estimation
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      3.33 Acres

      55 Industrial Park Rd

      INDUSTRIAL (GENERAL) • 3.33 Acres
      55 Industrial Park Rd, Hingham, MA 02043-4306
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    • Value Estimation
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      56,620 SF

      60 Research Rd

      INDUSTRIAL (GENERAL) • 56,620 SF
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      View Details
    • Value Estimation
      $620,000
      5,021 SF

      72 Sharp St, Unit 11

      CONDOMINIUMS (INDUSTRIAL) • 5,021 SF
      72 Sharp St, Hingham, MA 02043-4351
      View Details
    • Value Estimation by Request
      3.98 Acres

      90 Research Rd

      INDUSTRIAL (GENERAL) • 3.98 Acres
      90 Research Rd, Hingham, MA 02043-4310
      View Details
    • Value Estimation
      $2,760,000
      25,201 SF

      72 Sharp St, Unit 17

      CONDOMINIUMS (INDUSTRIAL) • 25,201 SF
      72 Sharp St, Hingham, MA 02043-4351
      View Details

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    Similar Nearby for Lease

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      145,395 SF

      Industrial Building for Sublease

      145,395 SF industrial building available for sublease.
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      Hingham Flex/Office Space Available

      Flex/Office space in South Hingham with Route 3 access.
      55 Sharp St, Hingham, MA 02043
      View Details
    • Contact for pricing
      6,575 SF

      Hingham Flex/Office Space Available

      6,575 SF flex/office space in South Hingham.
      55-65 Sharp St, Hingham, MA 02043
      View Details
    • Contact for pricing
      28,463 SF

      Hingham Warehouse with Mezzanine

      28,463 SF warehouse with office and loading docks.
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      View Details
    View Listing
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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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    55 Sharp St, Hingham, MA, 02043

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