Renovated Medical Office
New
For Sale
$150,000
52-54 Brigham St, New Bedford, MA 02740
Commercial Sale, New Bedford, MA
Property Size750 SF
Lot Size0.74 Acres
Price / SF$200
Days on Market1
Property Features for 52-54 Brigham St
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
MUB
Zoning description
Legal Conforming
Directions
Use GPS
Standard status
Active
APN
M:0039 L:0018B,2888736
Size
750 SF
Lot size
0.74 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
2018
Amenities
security system
central air and heat
clear signage
Building Details
Year built
1967
Listing Agency:
RE/MAX Vantage · RE/MAX International
(774) 992-0297
Listed By:
Eddie Lopez
(508) 999-4424
Added: Sep 1
Last Checked: Sep 1 at 8:06PM
MLS# 73570697
Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 750-square-foot first-floor medical office condominium includes a reception and waiting area, three office rooms with individual sinks, and one large bathroom. Two separate entrances support convenient access, while central air and heat serve the unit. The interior has been newly renovated and maintained for professional occupancy. A security system and exterior identification signage are also part of the property’s improvements.
The building sits one block behind St. Lukes Hospital and the Southcoast Hospital Group. A 40-space parking lot is located at the rear, with one reserved space assigned to each unit. The property is identified as MUB zoning and occupies a 0.74-acre site. The layout may accommodate medical, healthcare, wellness, accounting, legal, real estate, insurance, and other office uses identified for the property.
The building sits one block behind St. Lukes Hospital and the Southcoast Hospital Group. A 40-space parking lot is located at the rear, with one reserved space assigned to each unit. The property is identified as MUB zoning and occupies a 0.74-acre site. The layout may accommodate medical, healthcare, wellness, accounting, legal, real estate, insurance, and other office uses identified for the property.
Key Highlights
- 750 SF first‑floor medical office condominium
- Three office rooms, each equipped with a sink
- Two individual entrances plus reception and waiting areas
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
$11,340
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
7.56%
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%
$226,800
$226.8K
Cap Rate 7%
$162,000
$162.0K
Cap Rate 9%
$126,000
$126.0K
Market Conditions
NOI Build-Up for 750 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
$18.0K $24.00/SF
− Vacancy
−$2.9K −$3.84/SF
EGI
$15.1K $20.16/SF
− OpEx
−$3.8K −$5.04/SF
NOI
$11.3K $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%
$226,800
Cap Rate 7%
$162,000
Cap Rate 9%
$126,000
Alternative Uses
Best Use
Office B
$162.0K
$141.8K – $189.0K
NOI $11,340 @ 7.0% cap · market cap 7.56%
Second Best
Healthcare Medical
$157.8K
$138.1K – $184.1K
NOI $11,048 @ 7.0% cap · market cap 7.37%
Theoretical Best
Office A
$221.1K
$193.5K – $258.0K
NOI $15,480 @ 7.0% cap · market cap 10.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
1,190
Businesses Nearby
Under-served
Demand for This Use
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?
Medical Office Space - First-floor office condominium with reception space, private rooms, dedicated parking, and separate entrances.
Where is this medical office space located?
The property is located at 52-54 Brigham St New Bedford, MA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: 750 SF first‑floor medical office condominium; Three office rooms, each equipped with a sink; Two individual entrances plus reception and waiting areas
