Two-Story Medical Office
For Sale
$1,200,000
189 Quincy St, Brockton, MA 02302
Two-story, elevator-served medical office with 6 exam rooms, dual reception areas, and 20 on-site parking spaces.
Property Size5,060 SF
Price / SF$237.15
Days on Market117
Property Features for 189 Quincy St
General Information
Standard status
Active
Size
5,060 SF
Total Parking Spaces
20
Taxes and HOA fees
Annual Taxes
$22,748
Amenities
elevator
exam rooms
dual reception areas
Building Details
Stories
2
Listing Agency:
Conviser Property Group, Inc.
(617) 953-9892
Listed By:
Dmitriy Shnitman
(617) 953-9892
Source:
Exprealty
Added: Apr 29
Changed: Aug 23
Last Checked: Aug 22 at 1:41PM
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.
Investment Insights
Based on property information with market context.
This two-story, elevator-served medical office building offers a dedicated healthcare layout with six exam rooms and dual reception areas. The property includes an extensive medical buildout designed to support a plug-and-play setup, supporting flexible configuration for medical users.
Located on an on-campus setting at 189 Quincy St in Brockton, the building includes 20 on-site parking spaces intended to support patient accessibility.
With its elevator service, exam room count, and separate reception areas, the space is well-suited for a medical end user seeking a purpose-built environment.
Located on an on-campus setting at 189 Quincy St in Brockton, the building includes 20 on-site parking spaces intended to support patient accessibility.
With its elevator service, exam room count, and separate reception areas, the space is well-suited for a medical end user seeking a purpose-built environment.
Key Highlights
- 5,060 SF, two‑story, elevator‑served medical office building
- 6 exam rooms plus dual reception areas for multi‑specialty or multi‑tenant use
- Extensive medical buildout offers plug‑and‑play capability for medical operators
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
$95,652
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
7.97%
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%
$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
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
$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 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%
$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 9.62%
Second Best
Healthcare Medical
$1.37M
$1.20M – $1.59M
NOI $95,652 @ 7.0% cap · market cap 7.97%
Theoretical Best
Office A
$2.41M
$2.11M – $2.81M
NOI $168,462 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
927
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Medical Office Space - Two-story, elevator-served medical office with 6 exam rooms, dual reception areas, and 20 on-site parking spaces.
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 $1,200,000.
What are key features of this property?
This property features: 5,060 SF, two‑story, elevator‑served medical office building; 6 exam rooms plus dual reception areas for multi‑specialty or multi‑tenant use; Extensive medical buildout offers plug‑and‑play capability for medical operators
