West Bridgewater Flex Space
For Sale
$1,890,000
793 W Center St, West Bridgewater, MA 02379
8,010 SF industrial/flex space property in West Bridgewater, MA.
Property Size8,010 SF
Price / SF$235.96
Days on Market159
Property Features for 793 W Center St
General Information
Standard status
Active
Size
8,010 SF
Property subtype
Industrial
Building Details
Year Built
2004
Listing Agency:
NAI | Parsons Commercial Group - Boston
(508) 244-1360
Listed By:
Jay Cannon
(508) 244-1360
Source:
Naiglobal
Added: Mar 6
Changed: Jul 10
Last Checked: Aug 12 at 5:11AM
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 NAI | Parsons Commercial Group - Boston
Investment Insights
Based on property information with market context.
This 8,010 square foot industrial/flex space property is located in West Bridgewater, Massachusetts. Constructed in 2004, the property consists of two units and is currently 100% occupied. The property offers versatile space for flexible use. The location provides easy access to Route 24.
Key Highlights
- 8,010 SF industrial/flex space property offering versatile use.
- Built in 2004, indicating a relatively modern construction.
- Comprises 2 units, providing potential for diverse tenant base.
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
$148,385
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
7.85%
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%
$2,967,700
$3.0M
Cap Rate 7%
$2,119,786
$2.1M
Cap Rate 9%
$1,648,722
$1.6M
Market Conditions
NOI Build-Up for 8,010 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
$240.3K $30.00/SF
− Vacancy
−$12.0K −$1.50/SF
EGI
$228.3K $28.50/SF
− OpEx
−$79.9K −$9.98/SF
NOI
$148.4K $18.53/SF
Area
Plymouth County, MA
Vacancy
5.00%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
35.00%
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%
$2,967,700
Cap Rate 7%
$2,119,786
Cap Rate 9%
$1,648,722
Alternative Uses
Best Use
Flex RnD
$2.12M
$1.85M – $2.47M
NOI $148,385 @ 7.0% cap · market cap 7.85%
Second Best
Warehouse
$1.42M
$1.25M – $1.66M
NOI $99,645 @ 7.0% cap · market cap 5.27%
Theoretical Best
Office A
$4.74M
$4.15M – $5.53M
NOI $331,932 @ 7.0% cap · market cap 17.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
177
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 02379, MA
7,697
Population
2,955
Households
2.6
Avg Household Size
43
Median Age
43%
College-Educated
96%
High-School Grad
15.3 sq mi
ZIP Area
503
Density / Sq Mi
$124,483
Median Household Income
$56,818
Median Earnings
$2,011
Median Rent
$501,000
Median Home Value
Market
Vacancy Rate% for Industrial 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?
Flex space - 8,010 SF industrial/flex space property in West Bridgewater, MA.
Where is this flex space located?
The property is located at 793 W Center St West Bridgewater, MA.
What is the asking price?
The asking price for this property is $1,890,000.
What are key features of this property?
This property features: 8,010 SF industrial/flex space property offering versatile use.; Built in 2004, indicating a relatively modern construction.; Comprises 2 units, providing potential for diverse tenant base.
