Renovated Commercial Condo For
For Sale
$130,000
56 N Bedford St 12, East Bridgewater, MA 02333
Recently renovated commercial condo with modern kitchen and shared parking.
Property Size690 SF
Days on Market266
Property Features for 56 N Bedford St 12
General Information
Standard status
Active
Size
690 SF
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$1,023
Building Details
Building Size
690 SF
Year Built
1988
Listing Agency:
Ruth Andrade Realty Group
(781) 708-5544
Listed By:
Maria Vazqez · License #9583500
(781) 708-5544
Source:
Elliman
Added: Nov 28, 2025
Changed: Aug 7
Last Checked: Aug 20 at 9:45AM
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 Ruth Andrade Realty Group
Investment Insights
Based on property information with market context.
This is a renovated first-floor commercial condo, offering possibilities for various business uses. The unit features a modern kitchen, one bathroom, and carpet flooring throughout. A monthly condo fee of $170 applies. The property benefits from a large shared parking lot and a private setting at the front and side of the building. It is conveniently located with access to essential amenities.
Key Highlights
- Recently renovated with modern kitchen and carpet flooring.
- First‑floor location provides easy access for clients and customers.
- Open and spacious layout** offers endless possibilities for business use.
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
$11,337
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
8.72%
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%
$226,740
$226.7K
Cap Rate 7%
$161,957
$162.0K
Cap Rate 9%
$125,967
$126.0K
Market Conditions
NOI Build-Up for 690 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
$16.6K $24.00/SF
− Vacancy
−$364 −$0.53/SF
EGI
$16.2K $23.47/SF
− OpEx
−$4.9K −$7.04/SF
NOI
$11.3K $16.43/SF
Area
Plymouth County, MA
Vacancy
2.20%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
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%
$226,740
Cap Rate 7%
$161,957
Cap Rate 9%
$125,967
Alternative Uses
Best Use
Office B
$206.2K
$180.4K – $240.5K
NOI $14,432 @ 7.0% cap · market cap 11.10%
Second Best
Retail
$162.0K
$141.7K – $189.0K
NOI $11,337 @ 7.0% cap · market cap 8.72%
Theoretical Best
Office A
$408.5K
$357.4K – $476.6K
NOI $28,593 @ 7.0% cap · market cap 21.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
288
Businesses Nearby
Explore this area
Business Placement
Demographics for 02333, MA
14,382
Population
5,165
Households
2.8
Avg Household Size
43
Median Age
34%
College-Educated
96%
High-School Grad
17.2 sq mi
ZIP Area
836
Density / Sq Mi
$128,679
Median Household Income
$53,850
Median Earnings
$1,566
Median Rent
$474,000
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?
Office units - Recently renovated commercial condo with modern kitchen and shared parking.
Where is this office units located?
The property is located at 56 N Bedford St 12 East Bridgewater, MA.
What is the asking price?
The asking price for this property is $130,000.
What are key features of this property?
This property features: Recently renovated with **modern kitchen and carpet flooring.**; First‑floor location provides **easy access for clients and customers.**; Open and spacious layout** offers endless possibilities for business use.
