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    57 Water St, Unit 57 Hingham, MA 02043
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    Property profile & analytics

    57 Water St, Unit 57 Hingham, MA 02043

    View on Map
    • Office Spaces
    • 4,122 SF
    For Sale
    $1,399,000
    View Listing →
    Turn-Key Hingham Commercial Building For Sale
    $1,399,000

    Turn-Key Hingham Commercial Building

    Updated commercial building in downtown Hingham, suitable for various businesses.

    57 Water St #57, Hingham, MA 2043
    View Listing
    Property ID
    US38-0804320
    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

    • Medaglia Elizabeth E / Alternative Medicine Practice / Acupuncture
    • Jodi James Salon / Hair Salon / Nail Salon
    • Skin Radiance / Hair Salon / Nail Salon
    • Minusha Carpet Installers / General Contractor / Carpet & Flooring Store
    • blackbird wellness / Gym & Fitness Center

    Property Details for 57 Water St

    Year built
    1900
    Property size
    4,122 SF
    Property type
    Office Spaces
    APN
    HING M:62 B:2 L:22
    APU
    HINGM62B2L22

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $685,000
      ML approach
      $755,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $737,000
      Market price range: $605k - $1.31M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $930,000
      Current use
      RETAIL STORES
      $855,000
      Change: -8% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $850,000
      Change: -8% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $750,000
      Change: -19% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Hingham
    County
    Plymouth
    State
    Massachusetts
    Longitude
    -70.8833
    Latitude
    42.2441
    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
    $6,558
    $0.00
    $604,400
    $604,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $855,000
      4,760 SF

      2 Sharp St Ste, Unit 1

      CONDOMINIUM OFFICES • 4,760 SF
      2 Sharp St Ste, Hingham, MA 02043-4358
      View Details
    • Value Estimation
      $645,000
      1,752 SF

      175 Derby St Ste, Unit 14

      CONDOMINIUM OFFICES • 1,752 SF
      175 Derby St Ste, Hingham, MA 02043-4042
      View Details
    • Value Estimation by Request
      1,743 SF

      175 Derby St Ste, Unit 16

      CONDOMINIUM OFFICES • 1,743 SF
      175 Derby St Ste, Hingham, MA 02043-4047
      View Details
    • Value Estimation by Request
      1,578 SF

      62 Derby St Ste, Unit 2

      CONDOMINIUM OFFICES • 1,578 SF
      62 Derby St Ste, Hingham, MA 02043-3721
      View Details
    • Value Estimation by Request
      1,303 SF

      210 Whiting St Ste, Unit 5

      CONDOMINIUM OFFICES • 1,303 SF
      210 Whiting St Ste, Hingham, MA 02043-3724
      View Details
    • Value Estimation by Request
      1,312 SF

      210 Whiting St Ste, Unit 6

      CONDOMINIUM OFFICES • 1,312 SF
      210 Whiting St Ste, Hingham, MA 02043-3724
      View Details

    Similar Nearby for Sale

    • $225,000
      1,625 SF

      Hingham Office Condo: Prime Location

      1,625 SF Office Condo, Hingham, MA
      72 Sharp St, Hingham, MA 02043
      View Details
    • Contact for pricing

      Professional Office Space Near Route 3

      Second-floor office unit in a recognized professional setting.
      175 Derby St, Hingham, MA 02043
      View Details
    • Contact for pricing

      Derby Street Office Park Unit

      Second-floor office unit near Route 3 and Derby Street Shoppes.
      175 Derby St, Hingham, MA 02043
      View Details
    • Contact for pricing

      Professional Office Space Available

      Office space in a recognized professional setting near Route 3.
      175 Derby St, Hingham, MA 02043
      View Details
    • Contact for pricing

      Hingham Commercial Building For Sale

      Updated commercial building in downtown Hingham, suitable for various businesses.
      57 Water St, Hingham, MA 02043
      View Details
    • Contact for pricing

      Professional Office Space Near Route 3

      Well-positioned office space in recognized Derby Street Office Park.
      175 Derby St, Hingham, MA 02043
      View Details

    Similar Nearby for Lease

    • $1,450 /Mo
      550 SF

      Versatile Commercial Space in Hingham

      Prime location near dining, shopping, and transit. Available February 2026.
      11 Leavitt St, Hingham, MA 02043
      View Details
    • Contact for pricing

      Hingham Office Space For Rent

      Versatile office space in a prime Hingham location.
      21 Fottler Rd, Hingham, MA 02043
      View Details
    • Contact for pricing
      4,036 SF

      Hingham Office Space For Lease

      Office space available for lease in Hingham, Massachusetts.
      18-23 Shipyard Dr, Hingham, MA 02043
      View Details
    • Contact for pricing

      Office/Warehouse Space Near Derby Street

      3,000 sq ft office/warehouse space with updated features.
      2 Keith Way, Hingham, MA 02043
      View Details
    • $800 /Mo

      Prime Office Space Available

      Office spaces for rent in a thriving business district.
      175 Derby St, Hingham, MA 02043
      View Details
    • Contact for pricing

      Office Space in Hingham Park

      Sublet opportunity in Hingham Industrial Park, Route 3 adjacent.
      35 Pond Park Rd, Hingham, MA 02043
      View Details

    Property Visit Statistics

    • Visits by month
      6.1k
    • Visitors by month
      3.4k
    • Avg Time on site
      13 min
    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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