First-Floor Medical Office
For Sale
$350,000
1010 Gar Hwy 7, Swansea, MA 02771
Renovated medical workspace with three treatment rooms, three private offices, and a patient-friendly reception area.
Property Size14,560 SF
Price / SF$318.18
Days on Market174
Property Features for 1010 Gar Hwy 7
General Information
Standard status
Active
Size
14,560 SF
Property subtype
Commercial
Additional Details
Floor
1
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,977
Building Details
Building Size
14,560 SF
Year Built
1990
Listing Agency:
New England Properties
Listed By:
Julie A. Chalue
(401) 641-0768
Source:
Elliman
Added: Apr 27
Changed: Oct 7
Last Checked: Oct 16 at 11:07AM
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 New England Properties
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Investment Insights
Based on property information with market context.
This 1,100-square-foot medical office suite occupies the first floor of a professionally managed building at 1010 Gar Hwy 7. The interior was renovated with new flooring, updated trim, and contemporary finishes. Its layout includes an entry reception office with a window, a larger waiting area, three 12-by-12 treatment rooms, and three private offices.
The property is located just off I-195, with access to Providence and Fall River. The setting is positioned among Swansea, Somerset, Rehoboth, Barrington, Warren, and Seekonk. Built in 1990, the suite combines an established building setting with updated interior improvements for medical office use.
The property is located just off I-195, with access to Providence and Fall River. The setting is positioned among Swansea, Somerset, Rehoboth, Barrington, Warren, and Seekonk. Built in 1990, the suite combines an established building setting with updated interior improvements for medical office use.
Key Highlights
- 1,100 sq ft first‑floor medical office suite
- Three oversized 12'x12' treatment rooms
- Three private offices plus a dedicated reception office with window
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,930
Cap Rate
9.12%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,600
$638.6K
Cap Rate 7%
$456,143
$456.1K
Cap Rate 9%
$354,778
$354.8K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$59.9K $54.48/SF
− Vacancy
−$6.7K −$6.10/SF
EGI
$53.2K $48.38/SF
− OpEx
−$21.3K −$19.35/SF
NOI
$31.9K $29.03/SF
Area
Bristol County, MA
Vacancy
11.20%
Lease Rate
$54.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$638,600
Cap Rate 7%
$456,143
Cap Rate 9%
$354,778
Alternative Uses
Best Use
Healthcare Medical
$456.1K
$399.1K – $532.2K
NOI $31,930 @ 7.0% cap · market cap 9.12%
Second Best
Office B
$258.3K
$226.0K – $301.3K
NOI $18,080 @ 7.0% cap · market cap 5.17%
Theoretical Best
Office A
$669.9K
$586.2K – $781.5K
NOI $46,892 @ 7.0% cap · market cap 13.40%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
423
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02771, MA
15,512
Population
6,324
Households
2.5
Avg Household Size
45
Median Age
43%
College-Educated
92%
High-School Grad
18.4 sq mi
ZIP Area
843
Density / Sq Mi
$116,310
Median Household Income
$59,600
Median Earnings
$1,808
Median Rent
$461,600
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Similar Off Market Nearby
- Sarah Horin Reynolds, DVM, Inc. — 1162 Grand Army of the Republic Hwy #8, Swansea, MA 02777
- Mass-RI Veterinary ER — 477 Milford Rd, Swansea, MA 02777
- Goin' Mobile — 477 milford rd, swansea, ma 02777
- Swansea Veterinary Center — 333 Swansea Mall Dr, Swansea, MA 02777
- Bay State Veterinary Emergency & Specialty Services — 463 Swansea Mall Dr, Swansea, MA 02777
Frequently Asked Questions
What type of property is this?
Medical Office Space - Renovated medical workspace with three treatment rooms, three private offices, and a patient-friendly reception area.
Where is this medical office space located?
The property is located at 1010 Gar Hwy 7 Swansea, MA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: 1,100 sq ft first‑floor medical office suite; Three oversized 12'x12' treatment rooms; Three private offices plus a dedicated reception office with window
