$500,000
●
Commercial -
Off Market
72 Sharp Street #C9C12
Hingham, MA 02043
Studio
0 Bath
11,917 Ft²
$1,641,028
RealtyHop Estimate
113.68%
Since Feb 1, 2011
MA-Boston
Primary Model
About This Property
Unit C-9 is a Warehouse/Light Manufacturing condo unit in 125,000
SF Hingham Corporate Center business park. Three tailboard loading
docks, 22 foot clear height in warehouse. Approx. 3500 SF of the
warehouse has dropped ceilings and is fully air-conditioned,
however this can be removed to achieve 22 foot clear height
throughout if required. Unit C-12, consists of 2,660 SF mezzanine
office space directly above warehouse unit. Nice complex, easy
access to highway. Priced well below assed value.
Unit Size
11,917 Ft²
Days on Market
-
Land Size
7.34 acres
Price per sqft
$64
Property Type
Commercial
Property Taxes
$459
HOA Dues
-
Year Built
-
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Cap Rate Calculator
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Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 11 months ago (MLSPIN #71098915)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jan 14, 2011 | Sold | ||
| Sold | |||
| Jun 21, 2010 | Listed by Vincent Albanese | $768,000 | |
| Listed by Vincent Albanese | |||
| | |||
|
Unit C-9 is a Warehouse/Light Manufacturing condo unit in 125,000 SF Hingham Corporate Center business park. Three tailboard loading docks, 22 foot clear height in warehouse. Approx. 3500 SF of the warehouse has dropped ceilings and is fully air-conditioned, however this can be removed to achieve 22 foot clear height throughout if required. Unit C-12, consists of 2,660 SF mezzanine office space directly above warehouse unit. Nice complex, easy access to highway. Priced well below assed value.
| |||
Property Highlights
Exterior Details
Square Footage: 11917
Year Built: 1988
Building Area Total: 11917
Building Area Units: Square Feet
Lot Size Area: 7.34
Lot Size Units: Acres
Lot Size Acres: 7.34
Lot Size Square Feet: 320000
Financial Details
Tax Annual Amount: $5,511
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Listed By |
|---|---|---|---|---|---|---|---|
|
06/27/2022
| |
Loft
|
-
|
-
|
$3,600,000
Loft
-
|
$3,200,000
-11.11%
01/31/2023
|
David Ellis
Ellis Realty Advisors
|
|
06/17/2019
|
Loft
|
2 Bath
|
1800 ft²
|
$569,000
Loft
2 Bath
1800 ft²
|
$555,000
-2.46%
01/21/2020
|
Bill Kingdon
Ellis Realty Advisors
| |
|
09/02/2011
|
Loft
|
-
|
2660 ft²
|
$179,000
Loft
-
2660 ft²
|
$166,000
-7.26%
02/04/2012
|
Vincent Albanese
Vincent Albanese
| |
|
06/21/2010
|
Loft
|
4 Bath
|
11917 ft²
|
$768,000
Loft
4 Bath
11917 ft²
|
$500,000
-34.90%
01/14/2011
|
Vincent Albanese
Vincent Albanese
| |
|
04/23/2010
|
Loft
|
-
|
7513 ft²
|
$569,000
Loft
-
7513 ft²
|
$5
-100.00%
06/16/2010
|
Vincent Albanese
Vincent Albanese
| |
|
02/10/2010
|
Loft
|
-
|
1512 ft²
|
$179,000
Loft
-
1512 ft²
|
$160,000
-10.61%
04/09/2010
|
Vincent Albanese
Vincent Albanese
| |
|
07/16/2007
| |
Loft
|
-
|
6088 ft²
|
$459,000
Loft
-
6088 ft²
|
$418,042
-8.92%
05/30/2008
|
Vincent Albanese
Vincent Albanese
|
Building Info
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