Multi-Tenant Medical Office
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 Size22,843 SF
Price / SF$205.38
Days on Market50
Property Features for 1151 Robeson St
General Information
Standard status
Active
Size
22,843 SF
Property subtype
Commercial
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$42,813
Building Details
Building Size
22,843 SF
Year Built
1901
Buildings
1
Tenancy
Multi
Listing Agency:
Equity Real Estate
Listed By:
James Sabra · License #450500342
(508) 679-3998
Source:
Classifiedrealtygroup
Added: Aug 25
Changed: Oct 3
Last Checked: Oct 12 at 5:13PM
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 / Yr
$440,170
Cap Rate
8.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,803,400
$8.8M
Cap Rate 7%
$6,288,143
$6.3M
Cap Rate 9%
$4,890,778
$4.9M
Market Conditions
NOI Build-Up for 26,780 SF
Gross rent
$732.7K $27.36/SF
− Vacancy
−$145.8K −$5.44/SF
EGI
$586.9K $21.92/SF
− OpEx
−$146.7K −$5.48/SF
NOI
$440.2K $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 Rate 5%
$8,803,400
Cap Rate 7%
$6,288,143
Cap Rate 9%
$4,890,778
Alternative Uses
Best Use
Healthcare Medical
$11.10M
$9.72M – $12.96M
NOI $777,342 @ 7.0% cap · market cap 14.13%
Second Best
Office B
$6.29M
$5.50M – $7.34M
NOI $440,170 @ 7.0% cap · market cap 8.00%
Theoretical Best
Office A
$16.31M
$14.27M – $19.03M
NOI $1,141,599 @ 7.0% cap · market cap 20.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
