Office Condominium with Private
New
For Sale
$399,000
5-475 School St, Marshfield, MA 02050
A multi-room layout includes private offices, a shared work area, reception, and a conference room.
Property Size1,677 SF
Price / SF$237.92
Days on Market6
Property Features for 5-475 School St
General Information
Standard status
Active
Size
1,677 SF
Additional Details
Highway Access
Yes
Office Units
1
Taxes and HOA fees
Annual Taxes
$2,721
Listing Agency:
Ellis Realty Advisors
(781) 919-0800
Listed By:
Kerrick Pierce · License #9571567
(781) 563-0237
Source:
Exprealty
Added: Sep 30
Changed: Oct 4
Last Checked: Oct 4 at 1:32PM
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 a private entrance at ground level. Interior spaces include several private offices, a bullpen area, reception, and a conference room, with a restroom on each floor. A new roof was installed in 2025, and the parking lot has been refinished.
The property is in a professionally managed complex on School St in Marshfield, with visibility along Route 139 and access to Route 3. Retail and local amenities are nearby, and on-site parking serves the complex.
The property is in a professionally managed complex on School St in Marshfield, with visibility along Route 139 and access to Route 3. Retail and local amenities are nearby, and on-site parking serves the complex.
Key Highlights
- 1,677± SF office condominium with a townhome‑style layout
- Private offices, bullpen area, reception, and conference room
- Private first‑floor entrance and a 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
Current Use
Lease Details
1
Office units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
47
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
Market
Vacancy Rate% for Office in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - A multi-room layout includes private offices, a shared work area, reception, and a conference room.
Where is this office units located?
The property is located at 5-475 School St 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 office condominium with a townhome‑style layout; Private offices, bullpen area, reception, and conference room; Private first‑floor entrance and a restroom on each floor
