First-Floor Office
For Sale
$219,900
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$187.31
Days on Market49
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) 496-8796
Source:
Lyvrealty
Added: Sep 12
Changed: Oct 25
Last Checked: Oct 7 at 3:38PM
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.
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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 / Yr
$17,751
Cap Rate
8.07%
Suggested Prices Based on Cap Rates
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
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 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 8.07%
Second Best
Healthcare Medical
$247.1K
$216.2K – $288.2K
NOI $17,294 @ 7.0% cap · market cap 7.86%
Theoretical Best
Office A
$346.2K
$302.9K – $403.9K
NOI $24,231 @ 7.0% cap · market cap 11.02%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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
Frequently Asked Questions
What type of property is this?
Office unit - Configured with reception space, three private offices, two restrooms, and plumbing in three rooms for flexible professional use.
Where is this office unit 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 $219,900.
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
