Multilevel Flex
1 Lewiston St, Fall River, MA 02721
For Sale
Contact for pricing
Upper-floor commercial space includes freight elevator access, loading dock availability, bathrooms, and parking.
Property Size28,000 SF
Days on Market47
Property Features for 1 Lewiston St
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Highway Access
Taxes and HOA fees
Annual Taxes
Amenities
freight elevator
bathrooms
loading dock
Building Details
Building Size
Year Built
Listing Agency:
Equity Real Estate
(508) 679-3998
Listed By:
James Sabra · License MA #450500342
(508) 951-7994
Source:
Churchillprop
Added: Sep 24
Changed: Nov 4
Last Checked: Nov 8 at 3:47AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Equity Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Flex space is available on the fourth and fifth floors, with approximately 28,000 square feet on each level. The property includes freight elevator use, bathrooms, parking, and loading dock availability, supporting a range of commercial operations. IND zoning is also noted.
Routes I-195 and 24 provide nearby road access, and the commuter rail station is minutes away.
Routes I-195 and 24 provide nearby road access, and the commuter rail station is minutes away.
Key Highlights
- Approximately 28,000 square feet available on each of the fourth and fifth floors
- Freight elevator use available
- Loading dock availability
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$274,008
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,480,160
$5.5M
Cap Rate 7%
$3,914,400
$3.9M
Cap Rate 9%
$3,044,533
$3.0M
Market Conditions
NOI Build-Up for 28,000 SF
Gross rent
$420.0K $15.00/SF
− Vacancy
−$28.6K −$1.02/SF
EGI
$391.4K $13.98/SF
− OpEx
−$117.4K −$4.19/SF
NOI
$274.0K $9.79/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,480,160
Cap Rate 7%
$3,914,400
Cap Rate 9%
$3,044,533
Alternative Uses
Best Use
Flex RnD
$12.58M
$11.01M – $14.67M
NOI $880,484 @ 7.0% cap
Second Best
Warehouse
$5.18M
$4.53M – $6.05M
NOI $362,755 @ 7.0% cap
Theoretical Best
Office A
$17.05M
$14.92M – $19.89M
NOI $1,193,606 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,289
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02721, MA
28,075
Population
12,358
Households
2.3
Avg Household Size
38
Median Age
15%
College-Educated
73%
High-School Grad
4.0 sq mi
ZIP Area
7,019
Density / Sq Mi
$50,666
Median Household Income
$40,315
Median Earnings
$1,010
Median Rent
$362,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Bristol County
Vacancy Rate% for Industrial in Northeast region
Similar Off Market Nearby
- CraftHouse Bartending — 272 Whipple St, Fall River, MA 02721
- CME fantastic decorations/ catering — 478 Third St, Fall River, MA 02721
Frequently Asked Questions
What type of property is this?
Flex space - Upper-floor commercial space includes freight elevator access, loading dock availability, bathrooms, and parking.
Where is this flex space located?
The property is located at 1 Lewiston St Fall River, MA.
What are key features of this property?
This property features: Approximately 28,000 square feet available on each of the fourth and fifth floors; Freight elevator use available; Loading dock availability
