Second-Floor Office
For Sale
Contact for pricing
1A Mechanic, Bellingham, MA 02019
Three-room office layout with a full bathroom, on-site parking, and professional property management.
Property Size500 SF
Price / SF$3.30
Days on Market108
Property Features for 1A Mechanic
General Information
Standard status
Active
Size
500 SF
Property subtype
Commercial
Amenities
full bathroom
Building Details
Year Built
1870
Tenancy
Single
Listing Agency:
Berkshire Hathaway HomeServices Commonwealth Real Estate
(508) 528-7777
Listed By:
Andrew Spas
(401) 330-6439
Source:
Lockandkeyre
Added: Jul 6
Changed: Oct 21
Last Checked: Oct 20 at 9:34PM
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 Berkshire Hathaway HomeServices Commonwealth Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This second-floor office unit at Khoury Plaza contains approximately 500 square feet arranged across three rooms, with a full bathroom. Fresh interior paint provides a clean starting point for office or service-oriented occupancy. The building dates to 1870 and is professionally managed, with parking available on site.
The property is positioned at the intersection of Route 126 and Route 140 in Bellingham Center. Other businesses at the plaza include a barber shop, coffee and pastry café, pizzeria, liquor store, and bridal boutique, creating a varied commercial tenant mix and regular customer activity within the center.
The property is positioned at the intersection of Route 126 and Route 140 in Bellingham Center. Other businesses at the plaza include a barber shop, coffee and pastry café, pizzeria, liquor store, and bridal boutique, creating a varied commercial tenant mix and regular customer activity within the center.
Key Highlights
- Approximately 500 square feet of second‑floor office space
- Three‑room configuration with a full bathroom
- Freshly painted interior walls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,972
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,440
$219.4K
Cap Rate 7%
$156,743
$156.7K
Cap Rate 9%
$121,911
$121.9K
Market Conditions
NOI Build-Up for 500 SF
Gross rent
$17.5K $35.04/SF
− Vacancy
−$2.9K −$5.78/SF
EGI
$14.6K $29.26/SF
− OpEx
−$3.7K −$7.31/SF
NOI
$11.0K $21.94/SF
Area
Norfolk County, MA
Vacancy
16.50%
Lease Rate
$35.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$219,440
Cap Rate 7%
$156,743
Cap Rate 9%
$121,911
Alternative Uses
Best Use
Office B
$156.7K
$137.2K – $182.9K
NOI $10,972 @ 7.0% cap · market cap 664.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$296.0K
$259.0K – $345.3K
NOI $20,720 @ 7.0% cap · market cap 1,255.76%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
309
Businesses Nearby
Explore this area
Business Placement
Demographics for 02019, MA
16,945
Population
6,555
Households
2.6
Avg Household Size
43
Median Age
40%
College-Educated
95%
High-School Grad
18.3 sq mi
ZIP Area
926
Density / Sq Mi
$120,966
Median Household Income
$61,453
Median Earnings
$1,788
Median Rent
$425,900
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Three-room office layout with a full bathroom, on-site parking, and professional property management.
Where is this office unit located?
The property is located at 1A Mechanic Bellingham, MA.
What are key features of this property?
This property features: Approximately 500 square feet of second‑floor office space; Three‑room configuration with a full bathroom; Freshly painted interior walls
