Professional Office
For Sale
Contact for pricing
484 Highland Ave, Fall River, MA 02720
Professional office suite with reception, waiting room, kitchenette, and central air, plus ample off-street parking.
Property Size2,300 SF
Price / SF$2.39
Days on Market116
Property Features for 484 Highland Ave
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Commercial
Amenities
reception area
waiting room
employee kitchenette
central air conditioning
elegant finishes
ample off-street parking
Building Details
Year Built
1875
Listing Agency:
Equity Real Estate
(508) 679-3998
Listed By:
James Sabra · License #450500342
(508) 951-7994
Source:
Lockandkeyre
Added: Jul 2
Changed: Oct 25
Last Checked: Oct 24 at 5:50PM
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 Equity Real Estate
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Investment Insights
Based on property information with market context.
This professional office offers a flexible interior layout designed for a range of professional uses. The space includes an inviting reception area with granite countertops, a spacious waiting room, an employee kitchenette, and central air conditioning. Elegant finishes throughout support a polished client-facing environment.
The property is located in the Historic Highlands area and is just steps from Charlton Memorial Hospital, making it convenient for client traffic.
In addition to the indoor accommodations, the building provides ample off-street parking for both clients and staff.
The property is located in the Historic Highlands area and is just steps from Charlton Memorial Hospital, making it convenient for client traffic.
In addition to the indoor accommodations, the building provides ample off-street parking for both clients and staff.
Key Highlights
- Professional office suite built in 1875
- Flexible interior layout with reception area and spacious waiting room
- Employee kitchenette included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,804
Suggested Prices Based on Cap Rates
Cap Rate 5%
$756,080
$756.1K
Cap Rate 7%
$540,057
$540.1K
Cap Rate 9%
$420,044
$420.0K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$62.9K $27.36/SF
− Vacancy
−$12.5K −$5.44/SF
EGI
$50.4K $21.92/SF
− OpEx
−$12.6K −$5.48/SF
NOI
$37.8K $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%
$756,080
Cap Rate 7%
$540,057
Cap Rate 9%
$420,044
Alternative Uses
Best Use
Healthcare Medical
$953.7K
$834.5K – $1.11M
NOI $66,762 @ 7.0% cap · market cap 1,213.85%
Second Best
Office B
$540.1K
$472.6K – $630.1K
NOI $37,804 @ 7.0% cap · market cap 687.35%
Theoretical Best
Office A
$1.40M
$1.23M – $1.63M
NOI $98,046 @ 7.0% cap · market cap 1,782.65%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,902
Businesses Nearby
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Business Placement
Demographics for 02720, MA
31,209
Population
14,940
Households
2.1
Avg Household Size
41
Median Age
21%
College-Educated
81%
High-School Grad
13.2 sq mi
ZIP Area
2,364
Density / Sq Mi
$62,907
Median Household Income
$45,199
Median Earnings
$1,177
Median Rent
$361,800
Median Home Value
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office building - Professional office suite with reception, waiting room, kitchenette, and central air, plus ample off-street parking.
Where is this office building located?
The property is located at 484 Highland Ave Fall River, MA.
What are key features of this property?
This property features: Professional office suite built in 1875; Flexible interior layout with reception area and spacious waiting room; Employee kitchenette included
