Multi-Tenant Medical Office
1151 Robeson St Fall River, MA 02720
1151 Robeson St, Fall River, MA, 02720
$5,500,000
For Sale
$5,500,000
Multi-tenant medical office building with flexible suite sizes and exam, consultation, and waiting spaces.
Property Size22,843 SF
Price / SF$240.77
Days on Market54
Property Features for 1151 Robeson St
General Information
- Standard status
- Active
- Size
- 22,843 SF
Building Details
- Year Built
- 1901
Listing agency
Equity Real Estate
(508) 679-3998
Listed by
James P Sabra · License #450500342
Source
Laerrealty
Added: May 29 Updated: Jul 20 at 11:00PM Checked: Jul 21 at 3:12AM
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
Investment Insights
Based on property information with market context.
This multi-tenant medical office building offers approximately 26,780 square feet of flexible office space with suites available in a range of configurations from about 1,000 to 8,000 square feet. The interior layout includes expansive private offices, exam and consultation rooms, administrative areas, reception and waiting spaces, and ample storage throughout. Lease structures are predominantly triple net (NNN).
The property is presently occupied by outpatient medical tenants, including urgent care, diagnostic, specialty, and ancillary healthcare providers. Convenient access to major highways is noted, along with proximity to hospitals, other medical offices, and professional services.
For buyers seeking a healthcare-oriented office asset, the building’s suite flexibility and established outpatient tenant mix provide an immediately operational medical office environment.
The property is presently occupied by outpatient medical tenants, including urgent care, diagnostic, specialty, and ancillary healthcare providers. Convenient access to major highways is noted, along with proximity to hospitals, other medical offices, and professional services.
For buyers seeking a healthcare-oriented office asset, the building’s suite flexibility and established outpatient tenant mix provide an immediately operational medical office environment.
Key Highlights
- Multi‑tenant medical office building built in 1901 with approximately 26,780 SF of flexible office space.
- Suite sizes range from approximately 1,000 to 8,000 SF, with configurations available to fit different practice needs.
- Currently occupied by outpatient medical tenants including urgent care, diagnostic, specialty, and ancillary healthcare providers.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $625.0k | $27.36 |
| − Vacancy | −$124.4k | −$5.44 |
| EGI | $500.6k | $21.92 |
| − OpEx | −$125.2k | −$5.48 |
| NOI | $375.5k | $16.44 |
22,843 SF · lease $27.36/SF/yr · vacancy 19.90% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$9.47M
$8.29M – $11.05M
NOI $663,062 @ 7.0% cap · market cap 12.06%
Second Best
Office B
$5.36M
$4.69M – $6.26M
NOI $375,459 @ 7.0% cap · market cap 6.83%
Theoretical Best
Office A
$13.91M
$12.17M – $16.23M
NOI $973,770 @ 7.0% cap · market cap 17.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Timothy Hartshorn
Physician
Highland Nutrition & Fitness
Gym & Fitness Center
Ageless Body Sculpting ...
Physician
Dr. Richard N. ...
Physician
Labcorp
Medical Laboratory
Similar For Sale Nearby
FAQs
What type of property is this?
Office building - Multi-tenant medical office building with flexible suite sizes and exam, consultation, and waiting spaces.
Where is this office building located?
The property is located at 1151 Robeson St Fall River, MA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Multi‑tenant medical office building built in 1901 with approximately 26,780 SF of flexible office space.; Suite sizes range from approximately 1,000 to 8,000 SF, with configurations available to fit different practice needs.; Currently occupied by outpatient medical tenants including urgent care, diagnostic, specialty, and ancillary healthcare providers.
