Freestanding Medical Office
For Sale
$1,100,000
189 Quincy St, Brockton, MA 02302
Two-story medical office building with elevator service and dual reception areas on the Signature Healthcare Brockton Hospital campus.
Property Size5,060 SF
Price / SF$217.39
Days on Market175
Property Features for 189 Quincy St
General Information
Standard status
Active
Size
5,060 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
C5
Taxes and HOA fees
Annual Taxes
$22,748
Building Details
Year Built
1986
Stories
2
Listing Agency:
Conviser Property Group, Inc.
(617) 593-1700
Listed By:
Dmitriy Shnitman
(617) 953-9892
Source:
Churchillprop
Added: Apr 29
Changed: Oct 6
Last Checked: Oct 19 at 3:50AM
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 Conviser Property Group, Inc.
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Investment Insights
Based on property information with market context.
Conviser Property Group is pleased to present the opportunity to acquire a fully built-out medical office building. The two-story, freestanding asset is positioned directly on the campus of Signature Healthcare Brockton Hospital and includes efficient layouts designed for medical use, with dual reception areas to support patient flow. The building is elevator served and was formerly occupied by a gastrointestinal practice.
The property is located on the hospital campus within a well-established healthcare corridor. It includes 20 on-site surface parking spaces for patients and staff.
With its purpose-built medical configuration, elevator-served design, and ample on-site parking, the building is well suited for an owner-user or an investor seeking an asset tied to a major healthcare provider’s campus.
The property is located on the hospital campus within a well-established healthcare corridor. It includes 20 on-site surface parking spaces for patients and staff.
With its purpose-built medical configuration, elevator-served design, and ample on-site parking, the building is well suited for an owner-user or an investor seeking an asset tied to a major healthcare provider’s campus.
Key Highlights
- Fully built‑out two‑story medical office building (5,060 SF) built in 1986 with elevator service
- Purpose‑built for medical use, formerly occupied by a gastrointestinal practice
- Dual reception areas and efficient layouts across two floors to support patient flow
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$95,652
Cap Rate
8.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,913,040
$1.9M
Cap Rate 7%
$1,366,457
$1.4M
Cap Rate 9%
$1,062,800
$1.1M
Market Conditions
NOI Build-Up for 5,060 SF
Gross rent
$179.1K $35.40/SF
− Vacancy
−$19.7K −$3.89/SF
EGI
$159.4K $31.51/SF
− OpEx
−$63.8K −$12.60/SF
NOI
$95.7K $18.90/SF
Area
Brockton, MA
Vacancy
11.00%
Lease Rate
$35.40 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,913,040
Cap Rate 7%
$1,366,457
Cap Rate 9%
$1,062,800
Alternative Uses
Best Use
Office B
$1.65M
$1.44M – $1.92M
NOI $115,444 @ 7.0% cap · market cap 10.49%
Second Best
Healthcare Medical
$1.37M
$1.20M – $1.59M
NOI $95,652 @ 7.0% cap · market cap 8.70%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,462 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Under-served
Demand for This Use
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Business Placement
Demographics for 02302, MA
36,202
Population
12,828
Households
2.8
Avg Household Size
38
Median Age
21%
College-Educated
83%
High-School Grad
8.9 sq mi
ZIP Area
4,068
Density / Sq Mi
$87,560
Median Household Income
$45,342
Median Earnings
$1,476
Median Rent
$395,000
Median Home Value
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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?
Medical Office Space - Two-story medical office building with elevator service and dual reception areas on the Signature Healthcare Brockton Hospital campus.
Where is this medical office space located?
The property is located at 189 Quincy St Brockton, MA.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Fully built‑out two‑story medical office building (5,060 SF) built in 1986 with elevator service; Purpose‑built for medical use, formerly occupied by a gastrointestinal practice; Dual reception areas and efficient layouts across two floors to support patient flow
