Fall River Medical Office
302 Highland Ave Fall River, MA
For Sale
Contact for pricing
Medical office building for sale or lease in Fall River.
Property Size4,527 SF
Lot Size0.29 Acres
Price / SF$198.59
Days on Market259
Property Features for 302 Highland Ave
General Information
Standard status
Active
Size
4,527 SF
Lot size
0.29 Acres
Property subtype
OFFICE
Properties For Sale
at 302 Highland Ave Contact us
Listing Agency:
Collins Commercial Real Estate
(508) 676-8500
Listed By:
Nick King · License #REB.0014979
(401) 265-8363
Source:
Moodyscre
Added: Nov 10, 2025
Changed: Jul 6
Last Checked: Jul 21 at 5:43AM
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 Collins Commercial Real Estate
Investment Insights
Based on property information with market context.
This medical office building is located in the Highland section of Fall River, directly across from Charlton Hospital. The building has a total area of 4,527 square feet on two floors, situated on 0.286 acres of land. On-site parking is available for 15 vehicles. The first floor is ADA accessible and includes a large reception area, 4 exam rooms, 1 OCT room, 2 laser rooms, 1 photo machine room, and an optical shop. The second floor features a kitchen, conference room, and office space. The property is available for sale or lease.
Key Highlights
- Prime medical office building location directly across from Charlton Hospital.
- Substantial price reduction for sale: now $899,000 (previously $1,000,000).
- ADA accessible first floor with specialized rooms (OCT, laser, photo machine, optical shop).
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.9k | $27.36 |
| − Vacancy | −$24.6k | −$5.44 |
| EGI | $99.2k | $21.92 |
| − OpEx | −$24.8k | −$5.48 |
| NOI | $74.4k | $16.44 |
4,527 SF · lease $27.36/SF/yr · vacancy 19.90% · expense 25.00%
Alternative Uses
Best Use
Healthcare Medical
$1.88M
$1.64M – $2.19M
NOI $131,405 @ 7.0% cap · market cap 14.62%
Second Best
Office B
$1.06M
$930.1K – $1.24M
NOI $74,408 @ 7.0% cap · market cap 8.28%
Theoretical Best
Office A
$2.76M
$2.41M – $3.22M
NOI $192,981 @ 7.0% cap · market cap 21.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Medical office building for sale or lease in Fall River.
Where is this medical office space located?
The property is located at 302 Highland Ave Fall River, MA.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Prime medical office building location directly across from Charlton Hospital.; Substantial price reduction for sale: now $899,000 (previously $1,000,000).; ADA accessible first floor with specialized rooms (OCT, laser, photo machine, optical shop).
