Building Details

Building Size 1,952 SF

Year Built 1952

Listing Agency: RE/MAX Vantage Show Phone

Listed By: Mirelia Furtado · License #9575800 Show Phone

Source: Iverty

Added: Sep 1 Changed: Oct 16 Last Checked: Oct 19 at 11:05AM

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Investment Insights

Based on property information with market context.

Built in 1952, this medical office property at 144 S Main St is arranged for practical professional use. The interior includes four working rooms, each with an individual sink, along with a separate office and a waiting area. Hardwood flooring runs throughout the building, creating a consistent finish across the interior.

The building is fully handicap accessible and provides dedicated off-street parking for five vehicles. Offered in as-is condition, the property combines a medical-office layout with supporting administrative and reception areas.

Key Highlights

• Four working rooms, each equipped with its own sink
• Separate office and waiting area included
• Hardwood flooring throughout the building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$32,084

Cap Rate

7.73%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$641,680 $641.7K

Cap Rate 7%

$458,343 $458.3K

Cap Rate 9%

$356,489 $356.5K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,952 SF

Gross rent

$53.4K $27.36/SF

− Vacancy

−$10.6K −$5.44/SF

EGI

$42.8K $21.92/SF

− OpEx

−$10.7K −$5.48/SF

NOI

$32.1K $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 Rate 5%

$641,680

Cap Rate 7%

$458,343

Cap Rate 9%

$356,489

Alternative Uses

Best Use

Healthcare Medical

$809.4K

$708.3K – $944.4K (±1% cap)

NOI $56,661 @ 7.0% cap · market cap 13.65%

Second Best

Office B

$458.3K

$401.1K – $534.7K (±1% cap)

NOI $32,084 @ 7.0% cap · market cap 7.73%

Theoretical Best

Office A

$1.19M

$1.04M – $1.39M (±1% cap)

NOI $83,211 @ 7.0% cap · market cap 20.05%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Medical Office Space

Suggested Use

Top Pick Law Firm Real Estate Agency Parking Lot & Garage Kitchen & Bath Showroom Daycare Center Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

250

Businesses Nearby

Under-served

Demand for This Use

Explore this area Business Placement

Demographics for 02743, MA

10,434

Population

4,139

Households

2.5

Avg Household Size

46

Median Age

26%

College-Educated

88%

High-School Grad

18.1 sq mi

ZIP Area

576

Density / Sq Mi

$90,683

Median Household Income

$55,896

Median Earnings

$1,155

Median Rent

$407,000

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Medical Office Space - Accessible professional setting with hardwood floors, a waiting area, sinks, and dedicated off-street parking.

Where is this medical office space located?

The property is located at 144 S Main St Acushnet, MA.

What is the asking price?

The asking price for this property is $415,000.

What are key features of this property?

This property features: Four working rooms, each equipped with its own sink; Separate office and waiting area included; Hardwood flooring throughout the building