First-Floor Medical Office
For Sale
$330,000
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$300
Days on Market127
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
(401) 641-0768
Listed By:
Julie A. Chalue
(401) 641-0768
Source:
Elliman
Added: Apr 27
Changed: Aug 30
Last Checked: Aug 30 at 2:51PM
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
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 = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,080
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.48%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,600
$361.6K
Cap Rate 7%
$258,286
$258.3K
Cap Rate 9%
$200,889
$200.9K
Market Conditions
NOI Build-Up for 1,100 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$30.1K $27.36/SF
− Vacancy
−$6.0K −$5.44/SF
EGI
$24.1K $21.92/SF
− OpEx
−$6.0K −$5.48/SF
NOI
$18.1K $16.44/SF
Area
Bristol County, MA
Vacancy
19.90%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$361,600
Cap Rate 7%
$258,286
Cap Rate 9%
$200,889
Alternative Uses
Best Use
Healthcare Medical
$456.1K
$399.1K – $532.2K
NOI $31,930 @ 7.0% cap · market cap 9.68%
Second Best
Office B
$258.3K
$226.0K – $301.3K
NOI $18,080 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$669.9K
$586.2K – $781.5K
NOI $46,892 @ 7.0% cap · market cap 14.21%
Zoning and permitted uses should be independently verified with authorities.
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
Questions? Ask Rey
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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 $330,000.
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
