Second-Floor Office
For Sale
$165,000
475 School Street Suite 4, Marshfield, MA 02050
Office condominium in a managed complex with ample parking and convenient highway access.
Property Size684 SF
Price / SF$241.23
Days on Market56
Property Features for 475 School Street Suite 4
General Information
Standard status
Active
Size
684 SF
Class
B
Property subtype
Office - General Office
Additional Details
Floor
2
Highway Access
Yes
Building Details
Building Size
684 SF
Year Built
1988
Listing Agency:
Ellis Realty Advisors
Listed By:
Kerrick Pierce · License #9571567
(781) 919-0800
Source:
Commercialcafe
Added: Aug 25
Changed: Oct 9
Last Checked: Oct 19 at 4:23AM
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
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Investment Insights
Based on property information with market context.
This second-floor office condominium contains 684 SF within a managed office complex built in 1988. The property offers a compact commercial footprint suited to a range of professional office operations, with parking available throughout the complex.
Located at 475 School Street, Suite 4, in Marshfield, the property is situated in Alden Park near Route 139 and provides access to major highways. The complex’s office setting and parking supply support practical day-to-day use for a small business.
Located at 475 School Street, Suite 4, in Marshfield, the property is situated in Alden Park near Route 139 and provides access to major highways. The complex’s office setting and parking supply support practical day-to-day use for a small business.
Key Highlights
- 684 SF second‑floor office condominium
- Office complex built in 1988
- Located in Alden Park near Route 139
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.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
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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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 - Office condominium in a managed complex with ample parking and convenient highway access.
Where is this office unit located?
The property is located at 475 School Street Suite 4 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: 684 SF second‑floor office condominium; Office complex built in 1988; Located in Alden Park near Route 139
