Office Condominium with Private
New
For Sale
$399,000
475 School St Unit 5, Marshfield, MA 02050
Townhome-style office space offers private offices, a reception area, conference room, and bullpen.
Property Size1,677 SF
Price / SF$237.92
Days on Market6
Property Features for 475 School St Unit 5
General Information
Standard status
Active
Size
1,677 SF
Property subtype
Commercial
Building Details
Year Built
1988
Listing Agency:
Ellis Realty Advisors
(781) 919-0800
Listed By:
Kerrick Pierce · License #9571567
(781) 563-0237
Source:
Lockandkeyre
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 10:06AM
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 1,677± SF office condominium has a townhome-style layout with several private offices, a bullpen area, reception space, and a conference room. A private first-floor entrance provides direct access, and a restroom is located on each floor. The building dates to 1988; a new roof was installed in 2025, and the parking lot has been refinished.
The professionally managed complex is situated along Route 139, with access to Route 3 and nearby retail. On-site parking is available. The space is configured for professional office uses such as therapy, legal, counseling, and accounting practices. Sale and lease-to-purchase options are available.
The professionally managed complex is situated along Route 139, with access to Route 3 and nearby retail. On-site parking is available. The space is configured for professional office uses such as therapy, legal, counseling, and accounting practices. Sale and lease-to-purchase options are available.
Key Highlights
- 1,677± SF townhome‑style office condominium
- Several private offices, bullpen, reception area, and conference room
- Private first‑floor entrance; restroom on each floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,076
Cap Rate
8.79%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$701,520
$701.5K
Cap Rate 7%
$501,086
$501.1K
Cap Rate 9%
$389,733
$389.7K
Market Conditions
NOI Build-Up for 1,677 SF
Gross rent
$56.3K $33.60/SF
− Vacancy
−$9.6K −$5.71/SF
EGI
$46.8K $27.89/SF
− OpEx
−$11.7K −$6.97/SF
NOI
$35.1K $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%
$701,520
Cap Rate 7%
$501,086
Cap Rate 9%
$389,733
Alternative Uses
Best Use
Office B
$501.1K
$438.5K – $584.6K
NOI $35,076 @ 7.0% cap · market cap 8.79%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$992.8K
$868.7K – $1.16M
NOI $69,494 @ 7.0% cap · market cap 17.42%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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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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Cap Rate, Value Estimation, Potential NOI and more
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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 - Townhome-style office space offers private offices, a reception area, conference room, and bullpen.
Where is this office units located?
The property is located at 475 School St Unit 5 Marshfield, MA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: 1,677± SF townhome‑style office condominium; Several private offices, bullpen, reception area, and conference room; Private first‑floor entrance; restroom on each floor
