First-Floor Office
New
For Sale
$150,000
52-54 Brigham St Unit 2, New Bedford, MA 02740
Renovated professional office unit with flexible room layout, dedicated parking, and two separate entrances.
Property Size750 SF
Price / SF$200
Days on Market4
Property Features for 52-54 Brigham St Unit 2
General Information
Standard status
Active
Size
750 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Floor
1
Amenities
security system
central air and heat
clear signage
Building Details
Building Size
750 SF
Year Built
1967
Tenancy
Multi
Listing Agency:
RE/MAX Vantage
(774) 992-0297
Listed By:
Team ROSO
(508) 951-4104
Source:
Iverty
Added: Sep 1
Changed: Sep 3
Last Checked: Sep 4 at 6:27AM
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 RE/MAX Vantage
Investment Insights
Based on property information with market context.
This first-floor office condominium offers 750 SF of renovated professional workspace. The layout includes a reception and waiting area, three private office rooms with individual sinks, and one large bathroom. Two separate entrances provide convenient access, while central air and heat support year-round operations. The unit is served by a building security system and includes one reserved parking space.
The property is located at 52-54 Brigham St Unit 2 in New Bedford, a block behind St. Lukes Hospital/Southcoast Hospital Group. A 40-space parking lot is positioned at the rear of the building, and each unit has clear exterior signage along with prominent complex identification. The building was constructed in 1967 and the office has been newly renovated and maintained.
The property is located at 52-54 Brigham St Unit 2 in New Bedford, a block behind St. Lukes Hospital/Southcoast Hospital Group. A 40-space parking lot is positioned at the rear of the building, and each unit has clear exterior signage along with prominent complex identification. The building was constructed in 1967 and the office has been newly renovated and maintained.
Key Highlights
- 750 SF first‑floor office condominium
- Three office rooms, each with a sink, plus reception, waiting area, and large bathroom
- Two individual entrances with central air and heat
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
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 - Renovated professional office unit with flexible room layout, dedicated parking, and two separate entrances.
Where is this office units located?
The property is located at 52-54 Brigham St Unit 2 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 office condominium; Three office rooms, each with a sink, plus reception, waiting area, and large bathroom; Two individual entrances with central air and heat
