Medical Office Building with X-Ray
For Sale
$450,000
510 Thacher St, Attleboro, MA 02703
Medical/dental office building with operatory rooms, x-ray area, reception, and a full kitchenette on the upper floor.
Property Size1,106 SF
Price / SF$406.87
Days on Market50
Property Features for 510 Thacher St
General Information
Standard status
Active
Size
1,106 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Office Units
1
Building Details
Building Size
1,106 SF
Year Built
1965
Buildings
1
Listing Agency:
IVerty Realty, LLC
Listed By:
Mela Dieujuste · License #452508574
(413) 786-0584
Source:
Iverty
Added: Jul 28
Changed: Sep 14
Last Checked: Sep 15 at 7:13AM
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 IVerty Realty, LLC
Investment Insights
Based on property information with market context.
Medical/dental office building on a nearly half-acre site, currently configured for patient visits and clinical support. The space includes three operatory rooms, a waiting room, reception area, x-ray area, and staff lab, along with a private office. A finished lower level provides several additional rooms, including training space or an employee lounge. The upper floor also features a full kitchenette, and the property includes a one-car garage.
Built in 1965, the building is positioned for strong visibility at 510 Thacher St in Attleboro, MA. The property is also being marketed as a single-family 3 bedroom home, and additional uses may be possible with a special permit obtained from the city.
With its mix of exam and support rooms plus flexible lower-level space, the layout can support a medical practice while also offering adaptable areas for non-clinical functions if permitted.
Built in 1965, the building is positioned for strong visibility at 510 Thacher St in Attleboro, MA. The property is also being marketed as a single-family 3 bedroom home, and additional uses may be possible with a special permit obtained from the city.
With its mix of exam and support rooms plus flexible lower-level space, the layout can support a medical practice while also offering adaptable areas for non-clinical functions if permitted.
Key Highlights
- Nearly half‑acre site at 510 Thacher St, Attleboro, MA
- Currently configured medical/dental office with three operatory rooms
- X‑ray area plus staff lab, waiting room, and reception area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$32,104
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$642,080
$642.1K
Cap Rate 7%
$458,629
$458.6K
Cap Rate 9%
$356,711
$356.7K
Market Conditions
NOI Build-Up for 1,106 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$60.3K $54.48/SF
− Vacancy
−$6.7K −$6.10/SF
EGI
$53.5K $48.38/SF
− OpEx
−$21.4K −$19.35/SF
NOI
$32.1K $29.03/SF
Area
Bristol County, MA
Vacancy
11.20%
Lease Rate
$54.48 /SF/Yr
Expense Ratio
40.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$642,080
Cap Rate 7%
$458,629
Cap Rate 9%
$356,711
Alternative Uses
Best Use
Healthcare Medical
$458.6K
$401.3K – $535.1K
NOI $32,104 @ 7.0% cap · market cap 7.13%
Second Best
Office B
$259.7K
$227.2K – $303.0K
NOI $18,179 @ 7.0% cap · market cap 4.04%
Theoretical Best
Office A
$673.5K
$589.3K – $785.8K
NOI $47,147 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
156
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02703, MA
46,389
Population
19,014
Households
2.4
Avg Household Size
42
Median Age
34%
College-Educated
90%
High-School Grad
26.8 sq mi
ZIP Area
1,731
Density / Sq Mi
$93,352
Median Household Income
$51,637
Median Earnings
$1,446
Median Rent
$409,400
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?
Medical Office Space - Medical/dental office building with operatory rooms, x-ray area, reception, and a full kitchenette on the upper floor.
Where is this medical office space located?
The property is located at 510 Thacher St Attleboro, MA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: Nearly half‑acre site at 510 Thacher St, Attleboro, MA; Currently configured medical/dental office with three operatory rooms; X‑ray area plus staff lab, waiting room, and reception area
