Building Details

Year Built 1987

Listing Agency: Conway - Bridgewater Show Phone

Listed By: Doug Crane · License #9024971 Show Phone

Source: Lockandkeyre

Added: Oct 16 Changed: Oct 19 Last Checked: Oct 19 at 2:21PM

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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 Conway - Bridgewater

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Investment Insights

Based on property information with market context.

This office building contains more than 3,000 square feet of office space and was built in 1987. It previously housed an insurance business.

The property is on Route 106, beside Walmart and across from Starbucks.

Key Highlights

• More than 3,000 square feet of office space
• Built in 1987
• Located on Route 106, beside Walmart and across from Starbucks

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$62,748

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,254,960 $1.3M

Cap Rate 7%

$896,400 $896.4K

Cap Rate 9%

$697,200 $697.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 3,000 SF

Gross rent

$100.8K $33.60/SF

− Vacancy

−$17.1K −$5.71/SF

EGI

$83.7K $27.89/SF

− OpEx

−$20.9K −$6.97/SF

NOI

$62.7K $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%

$1,254,960

Cap Rate 7%

$896,400

Cap Rate 9%

$697,200

Alternative Uses

Best Use

Office B

$896.4K

$784.4K – $1.05M (±1% cap)

NOI $62,748 @ 7.0% cap · market cap 2,091.60%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.78M

$1.55M – $2.07M (±1% cap)

NOI $124,319 @ 7.0% cap · market cap 4,143.97%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

William F. Borhek ... Insurance Agency

Suggested Use

Top Pick Real Estate Agency Dental Office Auto Repair Shop Hair Salon Auto Parts Store Building Supply

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

193

Businesses Nearby

Explore this area Business Placement

Demographics for 02338, MA

7,749

Population

3,041

Households

2.5

Avg Household Size

45

Median Age

33%

College-Educated

96%

High-School Grad

16.0 sq mi

ZIP Area

484

Density / Sq Mi

$106,851

Median Household Income

$60,941

Median Earnings

$1,494

Median Rent

$442,800

Median Home Value

Market

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

Frequently Asked Questions

What type of property is this?

Office building - The building offers a substantial office footprint along Route 106, near Walmart and Starbucks.

Where is this office building located?

The property is located at 311 Plymouth Street Whole Build Halifax, MA.

What are key features of this property?

This property features: More than 3,000 square feet of office space; Built in 1987; Located on Route 106, beside Walmart and across from Starbucks