Versatile Commercial Property with
For Sale
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163 Oak St, Taunton, MA 02780
Commercial property featuring a heated garage, warehouse, and office.
Property Size1,440 SF
Price / SF$486.04
Days on Market647
Property Features for 163 Oak St
General Information
Standard status
Active
Size
1,440 SF
Property subtype
Industrial
Zoning
Urban
Investment Type
Owner/User
Building Details
Year Built
2020
Buildings
2
Stories
1
Units
1
Listing Agency:
CENTURY 21 Realty Network
Listed By:
A.J. Andrews · License #MA 9018418
Source:
Crexi
Added: Nov 13, 2024
Changed: Aug 22
Last Checked: Jul 15 at 11:41AM
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 CENTURY 21 Realty Network
Investment Insights
Based on property information with market context.
This commercial property offers versatile space suitable for various business needs. It features a heated 3-bay garage equipped with 10x10 doors and 200-amp circuit breakers. An oil-water separator is also installed. The property includes two 20x20 warehouse storage areas with a second floor. A dedicated office space with a full bathroom is available for on-site management. Outdoor storage options are present. The property's layout is designed for efficiency, making it suitable for businesses needing functional and expansive storage and work areas. The total property size is 1440 square feet.
Key Highlights
- Heated 3‑bay garage with 10x10 doors.
- Two 20x20 warehouse storage areas with second floor.
- Dedicated office space with full bathroom.
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
$45,282
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
6.47%
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%
$905,640
$905.6K
Cap Rate 7%
$646,886
$646.9K
Cap Rate 9%
$503,133
$503.1K
Market Conditions
NOI Build-Up for 1,440 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
$78.5K $54.48/SF
− Vacancy
−$8.8K −$6.10/SF
EGI
$69.7K $48.38/SF
− OpEx
−$24.4K −$16.93/SF
NOI
$45.3K $31.45/SF
Area
Bristol County, MA
Vacancy
11.20%
Lease Rate
$54.48 /SF/Yr
Expense Ratio
35.00%
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%
$905,640
Cap Rate 7%
$646,886
Cap Rate 9%
$503,133
Alternative Uses
Best Use
Flex RnD
$646.9K
$566.0K – $754.7K
NOI $45,282 @ 7.0% cap · market cap 6.47%
Second Best
Industrial
$201.3K
$176.2K – $234.9K
NOI $14,092 @ 7.0% cap · market cap 2.01%
Theoretical Best
Office A
$876.9K
$767.3K – $1.02M
NOI $61,385 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
253
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02780, MA
52,299
Population
22,454
Households
2.3
Avg Household Size
41
Median Age
24%
College-Educated
85%
High-School Grad
33.1 sq mi
ZIP Area
1,580
Density / Sq Mi
$75,054
Median Household Income
$48,454
Median Earnings
$1,257
Median Rent
$377,800
Median Home Value
Market
Vacancy Rate% for Industrial in Northeast region
Questions? Ask Rey
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Similar Off Market Nearby
- Interlandz Catering, LLC — 296 Winthrop St, Taunton, MA 02780
Frequently Asked Questions
What type of property is this?
Flex space - Commercial property featuring a heated garage, warehouse, and office.
Where is this flex space located?
The property is located at 163 Oak St Taunton, MA.
What is the asking price?
The asking price for this property is $699,900.
What are key features of this property?
This property features: Heated 3‑bay garage with 10x10 doors.; Two 20x20 warehouse storage areas with second floor.; Dedicated office space with full bathroom.
