First-Floor Office
For Sale
$124,900
52-54 Brigham Street Unit 3, New Bedford, MA 02740
Professional office setting with rear parking, reserved staff spaces, and deeded overflow parking.
Property Size619 SF
Price / SF$201.78
Days on Market143
Property Features for 52-54 Brigham Street Unit 3
General Information
Standard status
Active
Size
619 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Building Details
Year Built
1967
Stories
1
Listing Agency:
Silva Realty Group,Inc.
Listed By:
Elizabeth Silva · License #451501510
(508) 536-5007
Source:
Longwoodresidential
Added: May 29
Changed: Oct 16
Last Checked: Oct 16 at 9:23AM
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.
Unit 3 at 52-54 Brigham Street is a first-floor office unit within a single-level professional building. The property was built in 1967 and offers a business-ready setting in an established professional environment.
Parking includes rear spaces, designated staff parking, and deeded overflow parking. St. Luke's Hospital is located one block away, adding a nearby institutional anchor to the setting.
Parking includes rear spaces, designated staff parking, and deeded overflow parking. St. Luke's Hospital is located one block away, adding a nearby institutional anchor to the setting.
Key Highlights
- First‑floor office unit in a single‑level building
- Rear parking provided
- Reserved staff parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$9,359
Cap Rate
7.49%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$187,180
$187.2K
Cap Rate 7%
$133,700
$133.7K
Cap Rate 9%
$103,989
$104.0K
Market Conditions
NOI Build-Up for 619 SF
Gross rent
$14.9K $24.00/SF
− Vacancy
−$2.4K −$3.84/SF
EGI
$12.5K $20.16/SF
− OpEx
−$3.1K −$5.04/SF
NOI
$9.4K $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%
$187,180
Cap Rate 7%
$133,700
Cap Rate 9%
$103,989
Alternative Uses
Best Use
Office B
$133.7K
$117.0K – $156.0K
NOI $9,359 @ 7.0% cap · market cap 7.49%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$182.5K
$159.7K – $212.9K
NOI $12,776 @ 7.0% cap · market cap 10.23%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office units - Professional office setting with rear parking, reserved staff spaces, and deeded overflow parking.
Where is this office units located?
The property is located at 52-54 Brigham Street Unit 3 New Bedford, MA.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: First‑floor office unit in a single‑level building; Rear parking provided; Reserved staff parking spaces
