Two-Story Office
New
For Sale
$1,300,000
141 Park St, Attleboro, MA 02703
Commercial Sale, Attleboro, MA
Property Size6,500 SF
Lot Size0.60 Acres
Price / SF$200
Days on Market4
Property Features for 141 Park St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
comm
Zoning description
Legal Conforming
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 1, Bathroom 4, Bathroom 3, Bathroom 5, Bathroom 2
Directions
Rte 152 or Rte 123 to Park St.
Standard status
Active
APN
M:0042 B:0000 L:0210,2758344
Lot size
0.60 Acres
Taxes and HOA fees
Tax Year
2026
Tax Annual Amount
12329
Amenities
conference rooms
open workspace areas
common space
kitchenettes
restrooms
generator
Building Details
Year built
1980
Listing Agency:
Keller Williams Elite · Keller Williams Realty
(508) 695-4545
Added: Aug 27
Last Checked: Aug 30 at 8:06AM
MLS# 73569044
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 1980, this two-level office property provides a combination of private offices, conference rooms, open work areas, and shared space. The interior also includes two kitchenettes, multiple restrooms, and elevator access. ADA-compliant features support accessible movement throughout the building, while a generator provides backup power capability. Natural gas and city sewer serve the property, which is situated on approximately 0.6 acres.
The property is located in downtown Attleboro within a central business district setting. Restaurants, banks, retail services, public transportation, and a hospital are nearby. Front and rear parking areas add practical convenience for occupants and visitors. The commercial zoning is identified as comm.
The property is located in downtown Attleboro within a central business district setting. Restaurants, banks, retail services, public transportation, and a hospital are nearby. Front and rear parking areas add practical convenience for occupants and visitors. The commercial zoning is identified as comm.
Key Highlights
- Two‑story office property built in 1980
- Approximately 0.6 acres
- Elevator access and ADA‑compliant design
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Well-maintained commercial office property with elevator service, ADA compliance, parking, and multiple work areas.
Where is this office building located?
The property is located at 141 Park St 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: Two‑story office property built in 1980; Approximately 0.6 acres; Elevator access and ADA‑compliant design
