Office Building with Private
For Sale
Contact for pricing
309 Taunton Ave, Seekonk, MA 02771
Multi-office building with reception, conference room, and break room, plus about 250 ft of frontage on RT-44.
Property Size4,864 SF
Lot Size0.85 Acres
Price / SF$246.71
Days on Market193
Property Features for 309 Taunton Ave
General Information
Standard status
Active
Size
4,864 SF
Lot size
0.85 Acres
Property subtype
OFFICE
Zoning
C
Additional Details
Road Access
Yes
Amenities
Private Offices
Conference Room
Reception Area
Break Room
Listing Agency:
Sweeney Real Estate &Appraisal
(401) 331-9300
Listed By:
Thomas O Sweeney
(401) 331-9300
Source:
Moodyscre
Added: Feb 9
Changed: Jul 23
Last Checked: Jul 23 at 3:56AM
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 Sweeney Real Estate &Appraisal
Investment Insights
Based on property information with market context.
This 4,864± SF office building on 0.85± acres is configured for flexible use as a coworking space or an owner/user office. The space includes eight private offices, a conference room, a reception area, and a break room.
The property has approximately 250± feet of frontage on RT-44 and is located just east of the Rhode Island state line. It is zoned for commercial use (C).
For purchasers planning an owner-occupied setup or a coworking-style layout, the current interior configuration provides multiple individual offices supported by shared common areas.
The property has approximately 250± feet of frontage on RT-44 and is located just east of the Rhode Island state line. It is zoned for commercial use (C).
For purchasers planning an owner-occupied setup or a coworking-style layout, the current interior configuration provides multiple individual offices supported by shared common areas.
Key Highlights
- 4,864± SF building on 0.85± acres
- About 250 ft of frontage on RT‑44
- Eight (8) private offices plus reception area
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
$79,947
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
6.66%
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%
$1,598,940
$1.6M
Cap Rate 7%
$1,142,100
$1.1M
Cap Rate 9%
$888,300
$888.3K
Market Conditions
NOI Build-Up for 4,864 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
$133.1K $27.36/SF
− Vacancy
−$26.5K −$5.44/SF
EGI
$106.6K $21.92/SF
− OpEx
−$26.6K −$5.48/SF
NOI
$79.9K $16.44/SF
Area
Bristol County, MA
Vacancy
19.90%
Lease Rate
$27.36 /SF/Yr
Expense Ratio
25.00%
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%
$1,598,940
Cap Rate 7%
$1,142,100
Cap Rate 9%
$888,300
Alternative Uses
Best Use
Office B
$1.14M
$999.3K – $1.33M
NOI $79,947 @ 7.0% cap · market cap 6.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.96M
$2.59M – $3.46M
NOI $207,346 @ 7.0% cap · market cap 17.28%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
255
Businesses Nearby
Explore this area
Business Placement
Demographics for 02771, MA
15,512
Population
6,324
Households
2.5
Avg Household Size
45
Median Age
43%
College-Educated
92%
High-School Grad
18.4 sq mi
ZIP Area
843
Density / Sq Mi
$116,310
Median Household Income
$59,600
Median Earnings
$1,808
Median Rent
$461,600
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?
Coworking space - Multi-office building with reception, conference room, and break room, plus about 250 ft of frontage on RT-44.
Where is this coworking space located?
The property is located at 309 Taunton Ave Seekonk, 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: 4,864± SF building on 0.85± acres; About 250 ft of frontage on RT‑44; Eight (8) private offices plus reception area
