First-Floor Office
For Sale
$119,900
52-54 Brigham St # 6 New Bedford, New Bedford, MA 02740
Renovated first-floor office suite with reception, kitchenette, two private offices, and two restrooms, plus ample rear parking.
Property Size589 SF
Price / SF$203.57
Days on Market70
Property Features for 52-54 Brigham St # 6 New Bedford
General Information
Standard status
Active
Size
589 SF
Zoning
MUB
Taxes and HOA fees
Annual Taxes
$1,958
Building Details
Building Size
589 SF
Year Built
1967
Stories
1
Listing Agency:
Silva Realty Group,Inc.
(508) 643-8166
Listed By:
Amanda Lucido Hodges · License #451501510
(508) 643-8166
Source:
Bournetosellrealestate
Added: Jun 12
Changed: Aug 8
Last Checked: Aug 20 at 4:20AM
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.
This renovated first-floor office suite is located in a single-level professional building and is set up for a full reception-to-office workflow. The unit includes a reception area, waiting area, kitchenette, two private offices, and two restrooms.
Parking is a strong feature of the property, with ample rear parking plus reserved staff parking spaces and deeded overflow parking. The location is described as being just a block from St. Luke’s Hospital, within an established professional building.
The suite’s layout supports client entry through the waiting/reception areas, followed by access to the two private offices, with separate restroom facilities included in the unit.
Parking is a strong feature of the property, with ample rear parking plus reserved staff parking spaces and deeded overflow parking. The location is described as being just a block from St. Luke’s Hospital, within an established professional building.
The suite’s layout supports client entry through the waiting/reception areas, followed by access to the two private offices, with separate restroom facilities included in the unit.
Key Highlights
- Renovated first‑floor office suite in a single‑level building (built in 1967).
- Includes reception area, waiting area, kitchenette, and two private offices.
- Features two restrooms within the office suite.
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
$8,906
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
7.43%
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%
$178,120
$178.1K
Cap Rate 7%
$127,229
$127.2K
Cap Rate 9%
$98,956
$99.0K
Market Conditions
NOI Build-Up for 589 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
$14.1K $24.00/SF
− Vacancy
−$2.3K −$3.84/SF
EGI
$11.9K $20.16/SF
− OpEx
−$3.0K −$5.04/SF
NOI
$8.9K $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%
$178,120
Cap Rate 7%
$127,229
Cap Rate 9%
$98,956
Alternative Uses
Best Use
Office B
$127.2K
$111.3K – $148.4K
NOI $8,906 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$173.7K
$152.0K – $202.6K
NOI $12,157 @ 7.0% cap · market cap 10.14%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
862
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 first-floor office suite with reception, kitchenette, two private offices, and two restrooms, plus ample rear parking.
Where is this office units located?
The property is located at 52-54 Brigham St # 6 New Bedford New Bedford, MA.
What is the asking price?
The asking price for this property is $119,900.
What are key features of this property?
This property features: Renovated first‑floor office suite in a single‑level building (built in 1967).; Includes reception area, waiting area, kitchenette, and two private offices.; Features two restrooms within the office suite.
