One-Story Office and Retail
For Sale
Contact for pricing
362 Sprague St, Fall River, MA 02724
Single-story suite with multiple offices, a conference room, break room, and lavette; furniture may be removed.
Property Size848 SF
Price / SF$1.76
Days on Market112
Property Features for 362 Sprague St
General Information
Standard status
Active
Size
848 SF
Property subtype
Commercial
Additional Details
Furnished
Yes
Amenities
conference room
break room
lavette
Building Details
Year Built
1919
Stories
1
Listing Agency:
Lamacchia Realty, Inc.
(508) 677-3629
Listed By:
Michelle R Moniz
(508) 677-5304
Source:
Lockandkeyre
Added: Jul 1
Changed: Oct 19
Last Checked: Oct 19 at 9:08AM
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 Lamacchia Realty, Inc.
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Investment Insights
Based on property information with market context.
This one-story commercial space features multiple offices plus a conference room, break room, and lavette. The layout is suited to an owner-operator looking for a configurable setup, with furniture shown in the photos that can be removed if not needed.
The property includes a parking lot, offering convenient on-site parking for daily operations.
Public remarks indicate the owner has a variance for a barber shop or hair salon, which may support certain specialized retail uses depending on approvals and compliance. Consider this property for an office-focused operation or a permitted retail use aligned with the stated variance.
The property includes a parking lot, offering convenient on-site parking for daily operations.
Public remarks indicate the owner has a variance for a barber shop or hair salon, which may support certain specialized retail uses depending on approvals and compliance. Consider this property for an office-focused operation or a permitted retail use aligned with the stated variance.
Key Highlights
- Single‑story building/Suite built in 1919
- Suite includes multiple offices plus a conference room
- Includes a break room and lavette
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,938
Suggested Prices Based on Cap Rates
Cap Rate 5%
$278,760
$278.8K
Cap Rate 7%
$199,114
$199.1K
Cap Rate 9%
$154,867
$154.9K
Market Conditions
NOI Build-Up for 848 SF
Gross rent
$23.2K $27.36/SF
− Vacancy
−$4.6K −$5.44/SF
EGI
$18.6K $21.92/SF
− OpEx
−$4.6K −$5.48/SF
NOI
$13.9K $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 Rate 5%
$278,760
Cap Rate 7%
$199,114
Cap Rate 9%
$154,867
Alternative Uses
Best Use
Office B
$199.1K
$174.2K – $232.3K
NOI $13,938 @ 7.0% cap · market cap 932.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$516.4K
$451.9K – $602.5K
NOI $36,149 @ 7.0% cap · market cap 2,417.99%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,127
Businesses Nearby
Explore this area
Business Placement
Demographics for 02724, MA
18,050
Population
8,808
Households
2
Avg Household Size
38
Median Age
15%
College-Educated
76%
High-School Grad
1.8 sq mi
ZIP Area
10,028
Density / Sq Mi
$49,809
Median Household Income
$42,334
Median Earnings
$1,105
Median Rent
$368,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Single-story suite with multiple offices, a conference room, break room, and lavette; furniture may be removed.
Where is this office unit located?
The property is located at 362 Sprague St Fall River, MA.
What are key features of this property?
This property features: Single‑story building/Suite built in 1919; Suite includes multiple offices plus a conference room; Includes a break room and lavette
