Mixed-Use Office and Residential
For Sale
$925,000
120 High St, Taunton, MA 02780
Turnkey mixed-use property with multiple offices and rooms, previously used as an insurance business, with nearby courthouse and Taunton Green.
Property Size5,745 SF
Price / SF$161.01
Days on Market111
Property Features for 120 High St
General Information
Standard status
Active
Size
5,745 SF
Property subtype
Commercial
Zoning
OFFDIS, Legal Conforming
Additional Details
Business Included
Yes
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$17,799
Building Details
Year Built
1900
Listing Agency:
Kelly Lewis Realty
(508) 942-1044
Listed By:
Kelly Lewis · License #453500109
(508) 942-1044
Source:
Aucoinryanrealty
Added: Apr 23
Changed: Aug 7
Last Checked: Aug 11 at 1:34PM
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 Kelly Lewis Realty
Investment Insights
Based on property information with market context.
This turnkey mixed-use property was previously utilized as an insurance business and is arranged with multiple offices and rooms, offering flexibility for business use and residential space. The layout supports multi-use occupancy, with space configured for office operations alongside residential functionality.
The building is positioned in a highly visible, high-activity area of Taunton, just steps from the Taunton Green, courthouse, restaurants, and local shops. Easy access to Route 44 and Route 24 supports convenient arrival for clients, customers, and residents.
Overall, the property’s office and residential mix, along with its existing internal room configuration, provides a practical foundation for an owner-operator or a tenant seeking a campus-style setup in a central location.
The building is positioned in a highly visible, high-activity area of Taunton, just steps from the Taunton Green, courthouse, restaurants, and local shops. Easy access to Route 44 and Route 24 supports convenient arrival for clients, customers, and residents.
Overall, the property’s office and residential mix, along with its existing internal room configuration, provides a practical foundation for an owner-operator or a tenant seeking a campus-style setup in a central location.
Key Highlights
- Mixed‑use building with multiple offices and rooms, previously used as an insurance business
- Approximately 5,745 sq ft of space suitable for multi‑use occupancy (office and residential)
- Year built: 1900
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
$67,863
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
7.34%
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%
$1,357,260
$1.4M
Cap Rate 7%
$969,471
$969.5K
Cap Rate 9%
$754,033
$754.0K
Market Conditions
NOI Build-Up for 5,745 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
$120.6K $21.00/SF
− Vacancy
−$12.1K −$2.10/SF
EGI
$108.6K $18.90/SF
− OpEx
−$40.7K −$7.09/SF
NOI
$67.9K $11.81/SF
Area
Bristol County, MA
Vacancy
10.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,357,260
Cap Rate 7%
$969,471
Cap Rate 9%
$754,033
Alternative Uses
Best Use
Apartment 5plus
$1.36M
$1.19M – $1.59M
NOI $95,414 @ 7.0% cap · market cap 10.32%
Second Best
Office B
$1.35M
$1.18M – $1.57M
NOI $94,428 @ 7.0% cap · market cap 10.21%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,902 @ 7.0% cap · market cap 26.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,553
Businesses Nearby
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
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?
Live-work space - Turnkey mixed-use property with multiple offices and rooms, previously used as an insurance business, with nearby courthouse and Taunton Green.
Where is this live-work space located?
The property is located at 120 High St Taunton, MA.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: Mixed‑use building with multiple offices and rooms, previously used as an insurance business; Approximately 5,745 sq ft of space suitable for multi‑use occupancy (office and residential); Year built: 1900
