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 Market147
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
(617) 396-3100
Source:
Longwoodresidential
Added: Apr 6
Changed: Aug 28
Last Checked: Aug 29 at 10:17AM
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.
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 = 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
$9,359
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
7.49%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
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
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 - 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
