First-Floor Office
New
For Sale
$239,000
52-54 Brigham St Aka 10, New Bedford, MA 02740
Configured with reception space, three private offices, two restrooms, and plumbing in three rooms for flexible professional use.
Property Size1,174 SF
Price / SF$203.58
Days on Market3
Property Features for 52-54 Brigham St Aka 10
General Information
Standard status
Active
Size
1,174 SF
Additional Details
Floor
First Floor
Building Details
Year Built
1967
Stories
1
Tenancy
Multi
Listing Agency:
Silva Realty Group, Inc.
Listed By:
Elizabeth Silva · License #451501510
(508) 536-5007
Source:
Lyvrealty
Added: Sep 12
Last Checked: Sep 13 at 1:37PM
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 Silva Realty Group, Inc.
Investment Insights
Based on property information with market context.
This 1,174-square-foot office unit occupies the first floor of a single-level professional building constructed in 1967. The suite combines two formerly separate units and includes a reception and open work area, three private offices, two restrooms, and a dedicated storage room. Three private rooms have additional sinks and/or plumbing, supporting medical, clinical, wellness, spa, legal, or administrative applications.
The property is located at 52-54 Brigham St, also identified as 10 Brigham St, in New Bedford, Massachusetts, approximately one block from St. Luke’s Hospital. Parking includes ample rear spaces, reserved staff spaces, and deeded overflow parking. One neighboring unit is also available through a separate listing.
The property is located at 52-54 Brigham St, also identified as 10 Brigham St, in New Bedford, Massachusetts, approximately one block from St. Luke’s Hospital. Parking includes ample rear spaces, reserved staff spaces, and deeded overflow parking. One neighboring unit is also available through a separate listing.
Key Highlights
- 1,174 SF first‑floor office unit in a 1967 professional building
- Suite combines two former units into one office space
- Three private offices, reception/open work area, two restrooms, and dedicated storage
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
$17,751
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
7.43%
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%
$355,020
$355.0K
Cap Rate 7%
$253,586
$253.6K
Cap Rate 9%
$197,233
$197.2K
Market Conditions
NOI Build-Up for 1,174 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
$28.2K $24.00/SF
− Vacancy
−$4.5K −$3.84/SF
EGI
$23.7K $20.16/SF
− OpEx
−$5.9K −$5.04/SF
NOI
$17.8K $15.12/SF
Area
New Bedford, MA
Vacancy
16.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
25.00%
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%
$355,020
Cap Rate 7%
$253,586
Cap Rate 9%
$197,233
Alternative Uses
Best Use
Office B
$253.6K
$221.9K – $295.9K
NOI $17,751 @ 7.0% cap · market cap 7.43%
Second Best
Healthcare Medical
$247.1K
$216.2K – $288.2K
NOI $17,294 @ 7.0% cap · market cap 7.24%
Theoretical Best
Office A
$346.2K
$302.9K – $403.9K
NOI $24,231 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Explore this area
Business Placement
Demographics for 02740, MA
45,166
Population
20,532
Households
2.2
Avg Household Size
39
Median Age
18%
College-Educated
77%
High-School Grad
5.7 sq mi
ZIP Area
7,924
Density / Sq Mi
$54,563
Median Household Income
$39,310
Median Earnings
$1,052
Median Rent
$303,400
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 - Configured with reception space, three private offices, two restrooms, and plumbing in three rooms for flexible professional use.
Where is this office units located?
The property is located at 52-54 Brigham St Aka 10 New Bedford, MA.
What is the asking price?
The asking price for this property is $239,000.
What are key features of this property?
This property features: 1,174 SF first‑floor office unit in a 1967 professional building; Suite combines two former units into one office space; Three private offices, reception/open work area, two restrooms, and dedicated storage
