Furnished First-Floor Office
For Sale
$299,900
105-511 W Grove St, Middleboro, MA
Five private offices, reception, storage, break room, and private bathroom support medical, legal, or administrative operations.
Property Size1,446 SF
Price / SF$207.40
Days on Market158
Property Features for 105-511 W Grove St
General Information
Standard status
Active
Size
1,446 SF
Taxes and HOA fees
Annual Taxes
$1,569
Listing Agency:
Keller Williams Elite
(508) 695-4545
Listed By:
Team Kelleher
(617) 851-0150
Source:
Exprealty
Added: May 11
Changed: Oct 2
Last Checked: Oct 13 at 12:30AM
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 Keller Williams Elite
Investment Insights
Based on property information with market context.
This 1,446-square-foot office condominium occupies the first floor and is being offered furnished. The layout includes a client waiting area, reception space, five private offices, a dedicated record storage room, a private bathroom, and a break room. A street-level entrance supports convenient access for occupants and visitors.
The property includes parking for staff and clients and is configured for professional office use. Its existing arrangement can accommodate medical, legal, or administrative practices seeking multiple enclosed work areas alongside reception and support spaces.
The property includes parking for staff and clients and is configured for professional office use. Its existing arrangement can accommodate medical, legal, or administrative practices seeking multiple enclosed work areas alongside reception and support spaces.
Key Highlights
- 1,446‑square‑foot furnished office condominium on the first floor
- Five private offices provide enclosed workspace for professional operations
- Waiting area and reception space are included in the existing layout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,965
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,300
$539.3K
Cap Rate 7%
$385,214
$385.2K
Cap Rate 9%
$299,611
$299.6K
Market Conditions
NOI Build-Up for 1,446 SF
Gross rent
$48.6K $33.60/SF
− Vacancy
−$3.6K −$2.52/SF
EGI
$44.9K $31.08/SF
− OpEx
−$18.0K −$12.43/SF
NOI
$27.0K $18.65/SF
Area
Plymouth County, MA
Vacancy
7.50%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$539,300
Cap Rate 7%
$385,214
Cap Rate 9%
$299,611
Alternative Uses
Best Use
Office B
$432.1K
$378.1K – $504.1K
NOI $30,245 @ 7.0% cap · market cap 10.09%
Second Best
Healthcare Medical
$385.2K
$337.1K – $449.4K
NOI $26,965 @ 7.0% cap · market cap 8.99%
Theoretical Best
Office A
$856.0K
$749.0K – $998.7K
NOI $59,922 @ 7.0% cap · market cap 19.98%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Five private offices, reception, storage, break room, and private bathroom support medical, legal, or administrative operations.
Where is this office units located?
The property is located at 105-511 W Grove St Middleboro, MA.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 1,446‑square‑foot furnished office condominium on the first floor; Five private offices provide enclosed workspace for professional operations; Waiting area and reception space are included in the existing layout
