Renovated Office Building For
31 Bellows Rd Raynham, MA 02767
For Sale
$2,150,000
Freestanding, renovated office building suitable for professional and flex uses.
Property Size20,000 SF
Price / SF$107.50
Days on Market111
Property Features for 31 Bellows Rd
General Information
- Standard status
- Active
- Size
- 20,000 SF
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing Agency:
Marcus & Millichap - Boston
(617) 896-7237
Listed By:
Harrison Klein · License #License(s): MA: 9580881
(617) 896-7237
Source:
Marcusmillichap
Added: Apr 8
Changed: Jul 10
Last Checked: Jul 26 at 3:00AM
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 Marcus & Millichap - Boston
Investment Insights
Based on property information with market context.
The property at 31 Bellows Road is a fully renovated, freestanding office building situated approximately 5 miles from Interstate 495. Located within a professional office park, the property is suitable for a wide range of professional and flex uses. The first floor features at-grade access, accommodating engineering or light flex users. The second floor is serviced by a passenger elevator. The first floor was fully renovated in 2017, and the second floor was renovated in 2021, providing modernized, move-in ready space throughout the 20000 square feet building. The property is currently 100% occupied by an engineering and environmental consulting firm, who is expected to vacate in 2Q 2027, offering a clear path for an owner-user or investor to reposition or occupy the asset.
Key Highlights
- Fully renovated office building (first floor in 2017, second floor in 2021) offering modernized, move‑in ready space.
- Ideal for a wide range of professional and flex uses.
- Located in a professional office park, approximately 5 miles from Interstate 495.
Financial Insights For Industrial
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 | $300.0k | $15.00 |
| − Vacancy | −$20.4k | −$1.02 |
| EGI | $279.6k | $13.98 |
| − OpEx | −$83.9k | −$4.19 |
| NOI | $195.7k | $9.79 |
20,000 SF · lease $15.00/SF/yr · vacancy 6.80% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$8.98M
$7.86M – $10.48M
NOI $628,917 @ 7.0% cap · market cap 29.25%
Second Best
Office B
$4.70M
$4.11M – $5.48M
NOI $328,730 @ 7.0% cap · market cap 15.29%
Theoretical Best
Office A
$12.18M
$10.66M – $14.21M
NOI $852,576 @ 7.0% cap · market cap 39.65%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Civil & Environmental Consultants, ...
Engineer
EDI Staffing
Employment Agency
B2b Contact Inc
Computer & Electronic Repair
FAQs
What type of property is this?
Office building - Freestanding, renovated office building suitable for professional and flex uses.
Where is this office building located?
The property is located at 31 Bellows Rd Raynham, MA.
What is the asking price?
The asking price for this property is $2,150,000.
What are key features of this property?
This property features: Fully renovated office building (first floor in 2017, second floor in 2021) offering modernized, move‑in ready space.; Ideal for a wide range of professional and flex uses.; Located in a professional office park, approximately 5 miles from Interstate 495.
