Renovated Office Unit with Open
For Sale
Contact for pricing
1554 Pleasant St, Fall River, MA 02723
Updated office space combines private rooms, an expansive common area, and multiple bathrooms for flexible professional use.
Property Size2,300 SF
Price / SF$1.04
Days on Market56
Property Features for 1554 Pleasant St
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Commercial
Building Details
Year Built
1983
Listing Agency:
Lock and Key Realty
Listed By:
Jordan Healy
(413) 717-0635
Source:
Lockandkeyre
Added: Aug 22
Changed: Oct 15
Last Checked: Oct 15 at 1:09AM
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 Lock and Key Realty
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Investment Insights
Based on property information with market context.
Located at 1554 Pleasant St in Fall River, this 2,300-square-foot office unit has undergone a recent renovation with new flooring and updated interiors. The layout includes 2 private offices, 4 additional rooms, 2 bathrooms, and a large open area that can support a range of office configurations.
The property was recently used as a nail salon school, providing a prior educational and specialty-use context. At least 5 parking spaces are available on site. Built in 1983, the unit offers a combination of enclosed rooms and open workspace within a renovated office setting.
The property was recently used as a nail salon school, providing a prior educational and specialty-use context. At least 5 parking spaces are available on site. Built in 1983, the unit offers a combination of enclosed rooms and open workspace within a renovated office setting.
Key Highlights
- 2,300‑square‑foot office unit at 1554 Pleasant St, Fall River, MA 02723
- Recent renovation with all‑new flooring
- 2 private offices, 4 additional rooms, and a large open area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,804
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,080
$756.1K
Cap Rate 7%
$540,057
$540.1K
Cap Rate 9%
$420,044
$420.0K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$62.9K $27.36/SF
− Vacancy
−$12.5K −$5.44/SF
EGI
$50.4K $21.92/SF
− OpEx
−$12.6K −$5.48/SF
NOI
$37.8K $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 Rate 5%
$756,080
Cap Rate 7%
$540,057
Cap Rate 9%
$420,044
Alternative Uses
Best Use
Office B
$540.1K
$472.6K – $630.1K
NOI $37,804 @ 7.0% cap · market cap 1,575.17%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,046 @ 7.0% cap · market cap 4,085.25%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
974
Businesses Nearby
Explore this area
Business Placement
Demographics for 02723, MA
16,084
Population
7,976
Households
2
Avg Household Size
38
Median Age
13%
College-Educated
74%
High-School Grad
1.6 sq mi
ZIP Area
10,053
Density / Sq Mi
$41,789
Median Household Income
$40,140
Median Earnings
$1,058
Median Rent
$312,900
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Updated office space combines private rooms, an expansive common area, and multiple bathrooms for flexible professional use.
Where is this office units located?
The property is located at 1554 Pleasant St Fall River, MA.
What are key features of this property?
This property features: 2,300‑square‑foot office unit at 1554 Pleasant St, Fall River, MA 02723; Recent renovation with all‑new flooring; 2 private offices, 4 additional rooms, and a large open area
