Second-Floor Flex
For Sale
Contact for pricing
145 Globe St # 2E, Fall River, MA 02724
Commercial suite with a private parking-area entrance, break room, restrooms, and assigned on-site parking.
Property Size1,822 SF
Price / SF$0.01
Days on Market48
Property Features for 145 Globe St # 2E
General Information
Standard status
Active
Size
1,822 SF
Property subtype
Commercial
Zoning
R-4
Lease Type
Gross
Taxes and HOA fees
Annual Taxes
$18,001
Building Details
Building Size
1,822 SF
Year Built
1887
Listing Agency:
Equity Real Estate
(508) 679-3998
Listed By:
James Sabra · License #450500342
(508) 951-7994
Source:
Churchillprop
Added: Sep 1
Changed: Oct 6
Last Checked: Oct 16 at 6:24AM
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
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Investment Insights
Based on property information with market context.
Located at 145 Globe St # 2E in Fall River, this second-floor flex space contains ±1,822 sq. ft. within the Tuscan Building. The suite has its own entrance from the parking area, along with a kitchen and break room, restrooms, and two assigned parking spaces. Constructed in 1887, the property is zoned R-4 and is offered under a gross lease structure.
Highway access is only minutes away, supporting convenient connectivity for occupants and visitors. The space may also be combined with Unit 2D, which is identified as ±665 sf in the property information.
Highway access is only minutes away, supporting convenient connectivity for occupants and visitors. The space may also be combined with Unit 2D, which is identified as ±665 sf in the property information.
Key Highlights
- ±1,822 sq. ft. second‑floor flex space
- Private entrance from the parking area
- Kitchen and break room included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,830
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,600
$356.6K
Cap Rate 7%
$254,714
$254.7K
Cap Rate 9%
$198,111
$198.1K
Market Conditions
NOI Build-Up for 1,822 SF
Gross rent
$27.3K $15.00/SF
− Vacancy
−$1.9K −$1.02/SF
EGI
$25.5K $13.98/SF
− OpEx
−$7.6K −$4.19/SF
NOI
$17.8K $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%
$356,600
Cap Rate 7%
$254,714
Cap Rate 9%
$198,111
Alternative Uses
Best Use
Flex RnD
$818.5K
$716.2K – $954.9K
NOI $57,294 @ 7.0% cap · market cap 409,242.86%
Second Best
Industrial
$254.7K
$222.9K – $297.2K
NOI $17,830 @ 7.0% cap · market cap 127,357.14%
Theoretical Best
Office A
$1.11M
$970.9K – $1.29M
NOI $77,670 @ 7.0% cap · market cap 554,785.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Commercial suite with a private parking-area entrance, break room, restrooms, and assigned on-site parking.
Where is this flex space located?
The property is located at 145 Globe St # 2E Fall River, MA.
What are key features of this property?
This property features: ±1,822 sq. ft. second‑floor flex space; Private entrance from the parking area; Kitchen and break room included
