Office Unit with Private Half
17 Pratt Street #C, Mansfield, MA 02048
For Sale
Contact for pricing
A bright, air-conditioned workspace includes dedicated storage and three private parking spaces.
Property Size480 SF
Price / SF$1.86
Days on Market8
Property Features for 17 Pratt Street #C
General Information
Standard status
Size
Total Parking Spaces
Additional Details
Public Transit
Property Use
Amenities
air conditioned
Building Details
Year Built
Listing Agency:
StartPoint Realty
(978) 422-3999
Listed By:
Steve Cunningham
(508) 801-6858
Source:
Lockandkeyre
Added: Nov 2
Changed: Nov 8
Last Checked: Nov 8 at 6:22AM
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 StartPoint Realty
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Investment Insights
Based on property information with market context.
This 480-square-foot office unit features an open, bright interior, air conditioning, a private half bath, and a separate storage room. The building dates to 2014, and three private parking spaces serve the unit; on-street parking is also available.
The property is on Pratt Street in downtown Mansfield, within walking distance of shops, restaurants, and the library. Commuter rail service is a two-minute walk away.
The property is on Pratt Street in downtown Mansfield, within walking distance of shops, restaurants, and the library. Commuter rail service is a two-minute walk away.
Key Highlights
- 480 square feet with a private half bath and storage room
- Three private parking spaces, plus on‑street parking
- Two‑minute walk to commuter rail
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,890
Suggested Prices Based on Cap Rates
Cap Rate 5%
$157,800
$157.8K
Cap Rate 7%
$112,714
$112.7K
Cap Rate 9%
$87,667
$87.7K
Market Conditions
NOI Build-Up for 480 SF
Gross rent
$13.1K $27.36/SF
− Vacancy
−$2.6K −$5.44/SF
EGI
$10.5K $21.92/SF
− OpEx
−$2.6K −$5.48/SF
NOI
$7.9K $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%
$157,800
Cap Rate 7%
$112,714
Cap Rate 9%
$87,667
Alternative Uses
Best Use
Office B
$112.7K
$98.6K – $131.5K
NOI $7,890 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$292.3K
$255.8K – $341.0K
NOI $20,462 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
568
Businesses Nearby
Explore this area
Business Placement
Demographics for 02048, MA
23,860
Population
9,228
Households
2.6
Avg Household Size
40
Median Age
51%
College-Educated
96%
High-School Grad
20.1 sq mi
ZIP Area
1,187
Density / Sq Mi
$131,409
Median Household Income
$65,154
Median Earnings
$1,702
Median Rent
$571,000
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Bristol County, MA
Properties on Market for Office Units in Bristol County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - A bright, air-conditioned workspace includes dedicated storage and three private parking spaces.
Where is this office unit located?
The property is located at 17 Pratt Street #C Mansfield, MA.
What are key features of this property?
This property features: 480 square feet with a private half bath and storage room; Three private parking spaces, plus on‑street parking; Two‑minute walk to commuter rail
