First-Floor Office
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 Market49
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: Oct 16
Last Checked: Oct 19 at 10:13AM
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 RE/MAX Vantage
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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 / Yr
$11,340
Cap Rate
7.56%
Suggested Prices Based on Cap Rates
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
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 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.
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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
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Renovated professional office unit with flexible room layout, dedicated parking, and two separate entrances.
Where is this office unit 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
