Mixed-Use Live-Work Office
For Sale
$1,050,000
120 High St, Taunton, MA 02780
Turnkey mixed-use building with multiple offices and rooms, previously used as an insurance business.
Property Size5,745 SF
Price / SF$182.77
Days on Market36
Property Features for 120 High St
General Information
Standard status
Active
Size
5,745 SF
Additional Details
Highway Access
Yes
Building Details
Year Built
1900
Listing Agency:
Kelly Lewis Realty
(508) 823-6184
Listed By:
Kelly Lewis · License #453500109
Source:
Laerrealty
Added: Jul 7
Changed: Jul 22
Last Checked: Aug 11 at 4:46AM
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 mixed-use live-work office building is described as turnkey and previously utilized as an insurance business. The space features multiple offices and rooms and includes the flexibility of both commercial and residential use, supported by its mixed-use configuration.
The property is positioned just steps from the Taunton Green, courthouse, restaurants, and local shops, and offers access to Route 44 and Route 24 for convenient travel.
Per the remarks, it is located in an Office District where office use is primarily described as residential and commercial. The property also notes that, with a special permit, it could be used as a sober house.
The property is positioned just steps from the Taunton Green, courthouse, restaurants, and local shops, and offers access to Route 44 and Route 24 for convenient travel.
Per the remarks, it is located in an Office District where office use is primarily described as residential and commercial. The property also notes that, with a special permit, it could be used as a sober house.
Key Highlights
- Mixed‑use building in Taunton previously used as an insurance business
- Approx. 5,745 sq ft with multiple offices and rooms for multi‑use occupancy
- Easy access to Route 44 and Route 24 for convenient travel
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
$94,428
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
8.99%
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%
$1,888,560
$1.9M
Cap Rate 7%
$1,348,971
$1.3M
Cap Rate 9%
$1,049,200
$1.0M
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
$157.2K $27.36/SF
− Vacancy
−$31.3K −$5.44/SF
EGI
$125.9K $21.92/SF
− OpEx
−$31.5K −$5.48/SF
NOI
$94.4K $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 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%
$1,888,560
Cap Rate 7%
$1,348,971
Cap Rate 9%
$1,049,200
Alternative Uses
Best Use
Office B
$1.35M
$1.18M – $1.57M
NOI $94,428 @ 7.0% cap · market cap 8.99%
Second Best
Mixed Use
$969.5K
$848.3K – $1.13M
NOI $67,863 @ 7.0% cap · market cap 6.46%
Theoretical Best
Office A
$3.50M
$3.06M – $4.08M
NOI $244,902 @ 7.0% cap · market cap 23.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
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 building with multiple offices and rooms, previously used as an insurance business.
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 $1,050,000.
What are key features of this property?
This property features: Mixed‑use building in Taunton previously used as an insurance business; Approx. 5,745 sq ft with multiple offices and rooms for multi‑use occupancy; Easy access to Route 44 and Route 24 for convenient travel
