Office Unit with Private
12 Pratt St #104A, Mansfield, MA 02048
For Sale
New
Contact for pricing
First-floor office space offers a private entrance and on-site parking.
Property Size260 SF
Price / SF$1.83
Days on Market7
Property Features for 12 Pratt St #104A
General Information
Standard status
Size
Site & Location
Highway Access
Public Transit
Additional Details
Floor
Property Use
Amenities
shared common area bathrooms
Building Details
Year Built
Listing Agency:
Ballow and Hutchinson Realty Group, Inc.
(508) 823-9400
Listed By:
Michael Ballow
(508) 269-5972
Source:
Lockandkeyre
Added: Nov 7
Changed: Nov 12
Last Checked: Nov 12 at 8:27AM
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 Ballow and Hutchinson Realty Group, Inc.
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Investment Insights
Based on property information with market context.
This 260-square-foot office unit occupies a rear position on the first floor and has its own entrance. The building was constructed in 2005, and shared restrooms serve the common areas.
The property is at 12 Pratt St in Mansfield, five minutes from the commuter rail station, with access to Route 95. On-site parking and free, open street parking are available.
The property is at 12 Pratt St in Mansfield, five minutes from the commuter rail station, with access to Route 95. On-site parking and free, open street parking are available.
Key Highlights
- 260‑square‑foot office unit on the first floor
- Private entrance to the rear unit
- Five minutes from the commuter rail station
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,273
Suggested Prices Based on Cap Rates
Cap Rate 5%
$85,460
$85.5K
Cap Rate 7%
$61,043
$61.0K
Cap Rate 9%
$47,478
$47.5K
Market Conditions
NOI Build-Up for 260 SF
Gross rent
$7.1K $27.36/SF
− Vacancy
−$1.4K −$5.44/SF
EGI
$5.7K $21.92/SF
− OpEx
−$1.4K −$5.48/SF
NOI
$4.3K $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%
$85,460
Cap Rate 7%
$61,043
Cap Rate 9%
$47,478
Alternative Uses
Best Use
Office B
$61.0K
$53.4K – $71.2K
NOI $4,273 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$158.3K
$138.5K – $184.7K
NOI $11,083 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Explore this area
Business Placement
Demographics for 02048, MA
23,860
Population
9,228
Households
2.6
Avg Household Size
40
Median Age
51%
College-Educated
96%
High-School Grad
20.1 sq mi
ZIP Area
1,187
Density / Sq Mi
$131,409
Median Household Income
$65,154
Median Earnings
$1,702
Median Rent
$571,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Office Units in Bristol County, MA
Properties on Market for Office Units in Bristol County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - First-floor office space offers a private entrance and on-site parking.
Where is this office unit located?
The property is located at 12 Pratt St #104A Mansfield, MA.
What are key features of this property?
This property features: 260‑square‑foot office unit on the first floor; Private entrance to the rear unit; Five minutes from the commuter rail station
