Renovated Live-Work and Office
For Sale
$1,450,000
104 Bridge Rd, Salisbury, MA 01952
Recently renovated two-story building with flexible office layouts, kitchenette areas, and an on-site residential apartment.
Property Size6,129 SF
Days on Market36
Property Features for 104 Bridge Rd
General Information
Standard status
Active
Size
6,129 SF
Property subtype
Commercial
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$8,259
Building Details
Building Size
6,129 SF
Year Built
1987
Stories
2
Listing Agency:
East Coast Group One Realty
(603) 817-1289
Listed By:
Martha Baroody
Source:
Classifiedrealtygroup
Added: Jul 25
Changed: Aug 26
Last Checked: Aug 29 at 5:48AM
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 East Coast Group One Realty
Investment Insights
Based on property information with market context.
For sale, this recently renovated two-story live-work and office building at 104 Bridge Rd in Salisbury, MA offers flexible floor plans for a single tenant or multiple tenants. Interior layouts include open workspace options, private offices, and kitchenette areas on both floors.
The property is positioned on highly traveled Route 1, described in the remarks as providing prominent visibility and signage, along with ample on-site parking. It backs directly to the Salisbury Rail Trail, supporting client and staff access while adding additional exposure in the corridor.
An on-site residential apartment provides an option for live-work use or additional rental income, adding to the property’s overall versatility for business and mixed-use configurations.
The property is positioned on highly traveled Route 1, described in the remarks as providing prominent visibility and signage, along with ample on-site parking. It backs directly to the Salisbury Rail Trail, supporting client and staff access while adding additional exposure in the corridor.
An on-site residential apartment provides an option for live-work use or additional rental income, adding to the property’s overall versatility for business and mixed-use configurations.
Key Highlights
- Built in 1987; recently renovated two‑story commercial building with flexible office layouts
- Flexible floor plans for single tenant or multiple tenants, with open workspace, private offices, and kitchenette areas on both floors
- On‑site residential apartment included, offering live‑work use and/or additional rental income
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
$124,112
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
8.56%
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%
$2,482,240
$2.5M
Cap Rate 7%
$1,773,029
$1.8M
Cap Rate 9%
$1,379,022
$1.4M
Market Conditions
NOI Build-Up for 6,129 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
$220.6K $36.00/SF
− Vacancy
−$22.1K −$3.60/SF
EGI
$198.6K $32.40/SF
− OpEx
−$74.5K −$12.15/SF
NOI
$124.1K $20.25/SF
Area
Essex County, MA
Vacancy
10.00%
Lease Rate
$36.00 /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%
$2,482,240
Cap Rate 7%
$1,773,029
Cap Rate 9%
$1,379,022
Alternative Uses
Best Use
Office B
$2.44M
$2.14M – $2.85M
NOI $170,834 @ 7.0% cap · market cap 11.78%
Second Best
Mixed Use
$1.77M
$1.55M – $2.07M
NOI $124,112 @ 7.0% cap · market cap 8.56%
Theoretical Best
Office A
$3.63M
$3.17M – $4.23M
NOI $253,984 @ 7.0% cap · market cap 17.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
160
Businesses Nearby
Explore this area
Business Placement
Demographics for 01952, MA
9,236
Population
4,981
Households
1.9
Avg Household Size
52
Median Age
44%
College-Educated
94%
High-School Grad
15.4 sq mi
ZIP Area
600
Density / Sq Mi
$102,521
Median Household Income
$54,344
Median Earnings
$1,646
Median Rent
$450,100
Median Home Value
Market
Vacancy Rate% for Office 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?
Live-work space - Recently renovated two-story building with flexible office layouts, kitchenette areas, and an on-site residential apartment.
Where is this live-work space located?
The property is located at 104 Bridge Rd Salisbury, MA.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Built in 1987; recently renovated two‑story commercial building with flexible office layouts; Flexible floor plans for single tenant or multiple tenants, with open workspace, private offices, and kitchenette areas on both floors; On‑site residential apartment included, offering live‑work use and/or additional rental income
