Multi-Tenant Medical Office
New
For Sale
$5,500,000
1151 Robeson St, Fall River, MA 02720
Flexible medical office configuration with outpatient healthcare occupancy and predominantly triple-net lease structures.
Property Size26,780 SF
Price / SF$240.77
Days on Market5
Property Features for 1151 Robeson St
General Information
Standard status
Active
Size
26,780 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1901
Buildings
1
Building Size
26,780 SF
Tenancy
Multi
Listing Agency:
Equity Real Estate
(508) 679-3998
Listed By:
James Sabra · License #450500342
Source:
Alpernandmesenbourg
Added: Aug 25
Changed: Aug 28
Last Checked: Aug 29 at 12:16PM
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 property at 1151 Robeson St. includes 22,843 square feet of office space within a building constructed in 1901. The interior supports medical and professional operations with private offices, exam and consultation rooms, reception and waiting areas, administrative space, and storage.
Occupancy includes outpatient healthcare providers serving urgent care, diagnostic, specialty, and ancillary functions. Lease structures are predominantly NNN. The property offers access to major highways and is situated near hospitals, medical offices, and professional services in Fall River’s Highlands neighborhood.
Occupancy includes outpatient healthcare providers serving urgent care, diagnostic, specialty, and ancillary functions. Lease structures are predominantly NNN. The property offers access to major highways and is situated near hospitals, medical offices, and professional services in Fall River’s Highlands neighborhood.
Key Highlights
- 22,843‑square‑foot medical office property at 1151 Robeson St.
- Built in 1901
- Multi‑tenant occupancy includes urgent care, diagnostic, specialty, and ancillary healthcare providers
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
$375,459
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
6.83%
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%
$7,509,180
$7.5M
Cap Rate 7%
$5,363,700
$5.4M
Cap Rate 9%
$4,171,767
$4.2M
Market Conditions
NOI Build-Up for 22,843 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
$625.0K $27.36/SF
− Vacancy
−$124.4K −$5.44/SF
EGI
$500.6K $21.92/SF
− OpEx
−$125.2K −$5.48/SF
NOI
$375.5K $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%
$7,509,180
Cap Rate 7%
$5,363,700
Cap Rate 9%
$4,171,767
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 authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,439
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible medical office configuration with outpatient healthcare occupancy and predominantly triple-net lease structures.
Where is this medical office space 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: 22,843‑square‑foot medical office property at 1151 Robeson St.; Built in 1901; Multi‑tenant occupancy includes urgent care, diagnostic, specialty, and ancillary healthcare providers
