Second-Floor Flex
For Sale
Contact for pricing
145 Globe St # 2B, Fall River, MA 02724
Commercial unit with a break room, restrooms, dedicated parking, and a separate entrance from the parking area.
Property Size1,003 SF
Price / SF$0.01
Days on Market51
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Property Features for 145 Globe St # 2B
General Information
Standard status
Active
Size
1,003 SF
Total Parking Spaces
2
Property subtype
Commercial
Zoning
R-4
Lease Type
Gross
Additional Details
Floor
2
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$18,001
Amenities
Private entrance
Kitchen/break room
Restrooms
Building Details
Building Size
1,003 SF
Year Built
1887
Abandoned
No
Listing Agency:
Equity Real Estate
(508) 679-3998
Listed By:
James Sabra · License #450500342
(508) 951-7994
Source:
Churchillprop
Added: Aug 26
Changed: Oct 6
Last Checked: Oct 14 at 8:48PM
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 Equity Real Estate
Investment Insights
Based on property information with market context.
Located on the second floor of the Tuscan Building, this ±1,003 sq. ft. flex space includes a private entrance connected to the parking area. The unit is configured with a kitchen or break room, restrooms, and two assigned parking spaces, providing practical support for day-to-day operations.
The property is at 145 Globe St # 2B in Fall River, MA 02724, with convenient access to nearby highways. The building dates to 1887, and the property carries R-4 zoning. A gross lease applies.
The property is at 145 Globe St # 2B in Fall River, MA 02724, with convenient access to nearby highways. The building dates to 1887, and the property carries R-4 zoning. A gross lease applies.
Key Highlights
- ±1,003 sq. ft. second‑floor flex space
- Private entrance from the parking area
- Kitchen or break room and restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,815
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,300
$196.3K
Cap Rate 7%
$140,214
$140.2K
Cap Rate 9%
$109,056
$109.1K
Market Conditions
NOI Build-Up for 1,003 SF
Gross rent
$15.0K $15.00/SF
− Vacancy
−$1.0K −$1.02/SF
EGI
$14.0K $13.98/SF
− OpEx
−$4.2K −$4.19/SF
NOI
$9.8K $9.79/SF
Area
Bristol County, MA
Vacancy
6.80%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$196,300
Cap Rate 7%
$140,214
Cap Rate 9%
$109,056
Alternative Uses
Best Use
Flex RnD
$450.6K
$394.3K – $525.7K
NOI $31,540 @ 7.0% cap · market cap 225,285.71%
Second Best
Office B
$235.5K
$206.1K – $274.8K
NOI $16,486 @ 7.0% cap · market cap 117,757.14%
Theoretical Best
Office A
$610.8K
$534.5K – $712.6K
NOI $42,757 @ 7.0% cap · market cap 305,407.14%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
546
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial unit with a break room, restrooms, dedicated parking, and a separate entrance from the parking area.
Where is this flex space located?
The property is located at 145 Globe St # 2B Fall River, MA.
What are key features of this property?
This property features: ±1,003 sq. ft. second‑floor flex space; Private entrance from the parking area; Kitchen or break room and restrooms
