Two-Story Office Building with
New
For Sale
$1,300,000
141 Park Street, Attleboro, MA 02703
Flexible interior includes offices, conference rooms, open work areas, kitchenettes, and multiple restrooms.
Property Size6,500 SF
Price / SF$200
Days on Market7
Property Features for 141 Park Street
General Information
Standard status
Active
Size
6,500 SF
Elevators
Yes
Property subtype
Commercial
Site & Location
Public Transit
Yes
Utilities to Site
Yes
Amenities
conference rooms
open workspace areas
common space
kitchenettes
Building Details
Year Built
1980
Buildings
1
Stories
2
Building Size
6,500 SF
Listing Agency:
Keller Williams Elite
Listed By:
Susan Lee
(617) 846-8000
Source:
Highlandre
Added: Aug 25
Changed: Aug 29
Last Checked: Aug 30 at 6:12PM
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 Keller Williams Elite
Investment Insights
Based on property information with market context.
This approximately 6,500-square-foot office property is arranged across two stories and was built in 1980. The interior includes private offices, conference rooms, open work areas, shared spaces, 2 kitchenettes, and multiple restrooms. Elevator service and ADA compliance support accessible use throughout the building.
Located at 141 Park Street in downtown Attleboro, the property is near restaurants, banks, retail, public transportation, and the hospital. Parking is available at both the front and rear of the building. The property also has natural gas, city sewer, and a generator.
Located at 141 Park Street in downtown Attleboro, the property is near restaurants, banks, retail, public transportation, and the hospital. Parking is available at both the front and rear of the building. The property also has natural gas, city sewer, and a generator.
Key Highlights
- Approximately 6,500 square feet across two stories
- Elevator access and ADA‑compliant design
- Offices, conference rooms, open work areas, and shared spaces
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
$106,837
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
8.22%
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%
$2,136,740
$2.1M
Cap Rate 7%
$1,526,243
$1.5M
Cap Rate 9%
$1,187,078
$1.2M
Market Conditions
NOI Build-Up for 6,500 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
$177.8K $27.36/SF
− Vacancy
−$35.4K −$5.44/SF
EGI
$142.4K $21.92/SF
− OpEx
−$35.6K −$5.48/SF
NOI
$106.8K $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%
$2,136,740
Cap Rate 7%
$1,526,243
Cap Rate 9%
$1,187,078
Alternative Uses
Best Use
Office B
$1.53M
$1.34M – $1.78M
NOI $106,837 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.96M
$3.46M – $4.62M
NOI $277,087 @ 7.0% cap · market cap 21.31%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,478
Businesses Nearby
Explore this area
Business Placement
Demographics for 02703, MA
46,389
Population
19,014
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
26.8 sq mi
ZIP Area
1,731
Density / Sq Mi
$93,352
Median Household Income
$51,637
Median Earnings
$1,446
Median Rent
$409,400
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 building - Flexible interior includes offices, conference rooms, open work areas, kitchenettes, and multiple restrooms.
Where is this office building located?
The property is located at 141 Park Street Attleboro, MA.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Approximately 6,500 square feet across two stories; Elevator access and ADA‑compliant design; Offices, conference rooms, open work areas, and shared spaces
