Second-Floor Office Condo
For Sale
$165,000
475 School St, Marshfield, MA 02050
Well-maintained office condo with private offices, reception, and conference room plus ample on-site parking.
Property Size684 SF
Days on Market105
Property Features for 475 School St
General Information
Standard status
Active
Size
684 SF
Property subtype
COMMERCIAL
Taxes and HOA fees
Annual Taxes
$1,592
Building Details
Building Size
684 SF
Year Built
1988
Listing Agency:
Ellis Realty Advisors
Listed By:
Kerrick Pierce · License #9571567
(781) 919-0800
Source:
Allisonmazer
Added: Jun 23
Changed: Oct 5
Last Checked: Oct 4 at 1:44PM
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 Ellis Realty Advisors
Investment Insights
Based on property information with market context.
This well-maintained office complex includes a second-floor office condo offering approximately 684 square feet. The suite is configured with several private offices, a bullpen area, a reception area, and a conference room. It also includes an exclusive restroom for the unit. The property notes a new roof installed in 2024 and is described as professionally managed, with low condominium fees.
The location provides convenient access to Route 3 and includes excellent visibility along Route 139. The offering includes ample on-site parking and a manageable footprint within the office complex. The property is also described as being near retail and local amenities.
The layout and amenities support small professional uses such as therapy, legal, counseling, and accounting, with room to meet clients and collaborate internally. For owner-occupiers, the suite presents a turnkey environment, while investors may find the condo structure and low fees relevant for long-term ownership. The listing also mentions the possibility to expand into an adjacent unit for an additional approximately 684 square feet, which may appeal to tenants or owners seeking more space without leaving the complex.
The location provides convenient access to Route 3 and includes excellent visibility along Route 139. The offering includes ample on-site parking and a manageable footprint within the office complex. The property is also described as being near retail and local amenities.
The layout and amenities support small professional uses such as therapy, legal, counseling, and accounting, with room to meet clients and collaborate internally. For owner-occupiers, the suite presents a turnkey environment, while investors may find the condo structure and low fees relevant for long-term ownership. The listing also mentions the possibility to expand into an adjacent unit for an additional approximately 684 square feet, which may appeal to tenants or owners seeking more space without leaving the complex.
Key Highlights
- Second‑floor office condo with 684 SF of professional office space
- Multiple private offices plus bullpen area, reception, and a conference room
- Exclusive restroom for the condo
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,307
Cap Rate
8.67%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$286,140
$286.1K
Cap Rate 7%
$204,386
$204.4K
Cap Rate 9%
$158,967
$159.0K
Market Conditions
NOI Build-Up for 684 SF
Gross rent
$23.0K $33.60/SF
− Vacancy
−$3.9K −$5.71/SF
EGI
$19.1K $27.89/SF
− OpEx
−$4.8K −$6.97/SF
NOI
$14.3K $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%
$286,140
Cap Rate 7%
$204,386
Cap Rate 9%
$158,967
Alternative Uses
Best Use
Office B
$204.4K
$178.8K – $238.5K
NOI $14,307 @ 7.0% cap · market cap 8.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$404.9K
$354.3K – $472.4K
NOI $28,345 @ 7.0% cap · market cap 17.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
654
Businesses Nearby
Explore this area
Business Placement
Demographics for 02050, MA
25,956
Population
11,697
Households
2.2
Avg Household Size
48
Median Age
53%
College-Educated
97%
High-School Grad
28.8 sq mi
ZIP Area
901
Density / Sq Mi
$125,436
Median Household Income
$63,529
Median Earnings
$1,620
Median Rent
$622,600
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
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Frequently Asked Questions
What type of property is this?
Office units - Well-maintained office condo with private offices, reception, and conference room plus ample on-site parking.
Where is this office units located?
The property is located at 475 School St Marshfield, MA.
What is the asking price?
The asking price for this property is $165,000.
What are key features of this property?
This property features: Second‑floor office condo with 684 SF of professional office space; Multiple private offices plus bullpen area, reception, and a conference room; Exclusive restroom for the condo
