Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    649 Broad St Weymouth, MA 02189-2041

    • Medical offices
    • 1,224 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US38-0572701
    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

    • D&C Construction Company / Construction Company / General Contractor

    Property Details for 649 Broad St

    Year built
    1976
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.26 lot acres
    Property size
    1,224 SF
    Zone code
    85
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    WEYM M:22 B:299 L:032
    APU
    WEYMM22B299L032

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Weymouth
    County
    Norfolk
    State
    Massachusetts
    Longitude
    -70.9323
    Latitude
    42.2168
    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
    $6,087
    $210,700
    $163,400
    $374,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $915,000
      10,885 SF

      884 Washington St

      MEDICAL BUILDING • 10,885 SF
      884 Washington St, Weymouth, MA 02189-1530
      View Details
    • Value Estimation
      $17,725,000
      79,227 SF

      51 Performance Dr

      MEDICAL BUILDING • 79,227 SF
      51 Performance Dr, Weymouth, MA 02189-3141
      View Details
    • Value Estimation
      $1,740,000
      6,953 SF

      420 Libbey Industrial Pkwy

      MEDICAL BUILDING • 6,953 SF
      420 Libbey Industrial Pkwy, Weymouth, MA 02189-3134
      View Details
    • Value Estimation
      $2,780,000
      66,960 SF

      200 Libbey Industrial Pkwy

      MEDICAL BUILDING • 66,960 SF
      200 Libbey Industrial Pkwy, Weymouth, MA 02189-3102
      View Details
    • Value Estimation
      $11,145,000
      83,070 SF

      90 Libbey Industrial Pkwy

      MEDICAL BUILDING • 83,070 SF
      90 Libbey Industrial Pkwy, Weymouth, MA 02189-3129
      View Details
    • Value Estimation by Request
      1,580 SF

      995 Washington St

      MEDICAL BUILDING • 1,580 SF
      995 Washington St, Weymouth, MA 02189-1928
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      820 SF

      Medical Office Condo For Sale

      Medical office condo with 3 rooms, bathroom, and kitchenette.
      536 Broad St, Weymouth, MA 02189
      View Details
    • Contact for pricing
      2,541 SF

      Medical Office Condo For Sale

      Turnkey medical office condo with 10 rooms for immediate occupancy.
      536 Broad St, Weymouth, MA 02189
      View Details
    • Contact for pricing

      Automotive Shop with Office Space

      Commercial property featuring an automotive shop and office space.
      40 Moore Rd, Weymouth, MA 02189
      View Details
    • Contact for pricing
      6,305 SF

      East Weymouth Industrial Property

      6,305 SF industrial property available in East Weymouth, MA.
      81 Hawthorne St, East Weymouth, MA 02189
      View Details
    • Contact for pricing

      Two-Family Home with Vacant Units

      Two-family home with vacant units, ideal for owner-occupants or investors.
      52 High St, Weymouth, MA 02189
      View Details
    • $799,900

      Spacious Two-Family Home on Large Lot

      Two-family home on .79 acres in desirable Weymouth neighborhood.
      30 Puritan Rd, Weymouth, MA 02189
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      865 SF

      Prime Weymouth Office/Retail Space

      High-visibility space on Route 53, ideal for diverse businesses.
      1235 Washington St, East Weymouth, MA 02189
      View Details
    • Contact for pricing
      14,480 SF

      Prime Weymouth Executive Office Space

      14,480 SF Office Building, 2,961 SF Available
      1239 Washington St, Weymouth, MA 02189
      View Details
    • $1,000 /Mo
      465 SF

      Professional Office Space Available Now

      Updated office space with included utilities and ample parking.
      1362 Washington St, Weymouth, MA 02189
      View Details
    • Contact for pricing
      10,497 SF

      First Class Office Building

      Office building with state-of-the-art finishes and convenient location.
      97 Libbey Industrial Pkwy, Weymouth, MA 02189
      View Details
    • Contact for pricing
      2,480 SF

      Remodeled Office Space Available

      Efficient, remodeled office space with private offices and conference room.
      20 Mathewson Dr, East Weymouth, MA 02189
      View Details
    • Contact for pricing
      1,400 SF

      East Weymouth Office Space Available

      1400 square feet of office space for lease.
      978 Washington St, East Weymouth, MA 02189
      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.
    649 Broad St
    Weymouth, MA 02189-2041
    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

    Google sign-in failed. Please try again or use another login method.