Three-Story Office
1944 Ocean St, Marshfield, MA 02050
For Sale
$1,275,000
Pending
Flexible commercial layout with showroom windows, private offices, and shared support areas.
Property Size3,012 SF
Days on Market54
Property Features for 1944 Ocean St
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Road Access
Utilities to Site
Additional Details
Office Units
Taxes and HOA fees
Annual Taxes
Amenities
handicap accessible
irrigation system
multiple heating zones
delivery access
clean dry basement
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
John F Farraher Broker
Listed By:
John Farraher
(781) 413-6800
Source:
Classifiedrealtygroup
Added: Sep 18
Changed: Nov 6
Last Checked: Nov 8 at 2:56AM
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 John F Farraher Broker
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Investment Insights
Based on property information with market context.
The Hubbard Plumbing Building is a three-level office property at 1944 Ocean St with a varied commercial layout. The ground floor provides an open area, two insulated 8 X 6 showroom picture windows, and a bathroom. Four separately entered offices occupy the second floor, along with two shared bathrooms. The top level serves as common space and includes a kitchen, full bathroom, and laundry hookups.
The property sits on Route 139 in downtown Marshfield, with delivery access and 16 rear parking spaces. It is handicap accessible and connected to public sewer, with an irrigation system and multiple heating zones. A clean, dry basement provides additional support space and has no history of water intrusion. Built in 1992, the building also offers upper-level space for many uses.
The property sits on Route 139 in downtown Marshfield, with delivery access and 16 rear parking spaces. It is handicap accessible and connected to public sewer, with an irrigation system and multiple heating zones. A clean, dry basement provides additional support space and has no history of water intrusion. Built in 1992, the building also offers upper-level space for many uses.
Key Highlights
- Three‑level office property built in 1992
- Two insulated 8 X 6 showroom picture windows
- Four second‑floor offices, each with its own entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,999
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,259,980
$1.3M
Cap Rate 7%
$899,986
$900.0K
Cap Rate 9%
$699,989
$700.0K
Market Conditions
NOI Build-Up for 3,012 SF
Gross rent
$101.2K $33.60/SF
− Vacancy
−$17.2K −$5.71/SF
EGI
$84.0K $27.89/SF
− OpEx
−$21.0K −$6.97/SF
NOI
$63.0K $20.92/SF
Area
Plymouth County, MA
Vacancy
17.00%
Lease Rate
$33.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,259,980
Cap Rate 7%
$899,986
Cap Rate 9%
$699,989
Alternative Uses
Best Use
Office B
$900.0K
$787.5K – $1.05M
NOI $62,999 @ 7.0% cap · market cap 4.94%
Second Best
Retail
$707.0K
$618.6K – $824.8K
NOI $49,488 @ 7.0% cap · market cap 3.88%
Theoretical Best
Office A
$1.78M
$1.56M – $2.08M
NOI $124,817 @ 7.0% cap · market cap 9.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
4
Office units
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Explore this area
Business Placement
Demographics for 02050, MA
25,956
Population
11,697
Households
2.2
Avg Household Size
48
Median Age
53%
College-Educated
97%
High-School Grad
28.8 sq mi
ZIP Area
901
Density / Sq Mi
$125,436
Median Household Income
$63,529
Median Earnings
$1,620
Median Rent
$622,600
Median Home Value
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Market
Average Price Trend$/SF for Office buildings in Plymouth County, MA
Properties on Market for Office buildings in Plymouth County
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout with showroom windows, private offices, and shared support areas.
Where is this office building located?
The property is located at 1944 Ocean St Marshfield, MA.
What is the asking price?
The asking price for this property is $1,275,000.
What are key features of this property?
This property features: Three‑level office property built in 1992; Two insulated 8 X 6 showroom picture windows; Four second‑floor offices, each with its own entrance
