Office Unit with High
For Sale
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59 Pleasant St # D, Randolph, MA 02368
Commercially zoned unit with large windows, a bathroom, and access near downtown shopping.
Property Size1,040 SF
Price / SF$2.31
Days on Market199
Property Features for 59 Pleasant St # D
General Information
Standard status
Active
Size
1,040 SF
Property subtype
Commercial
Zoning
comm
Building Details
Year Built
2019
Listing Agency:
First Option Properties Inc.
Listed By:
Al Desouza · License #9065061
(978) 821-5604
Source:
Churchillprop
Added: Apr 1
Changed: Oct 6
Last Checked: Oct 16 at 6:37AM
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 First Option Properties Inc.
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Investment Insights
Based on property information with market context.
This 1,040-square-foot office unit was built in 2019 and includes high ceilings, large glass windows, and a bathroom. The space is described as suitable for office use or a small contractor operation, providing a straightforward commercial layout for either application.
Located at 59 Pleasant St # D in Randolph, the property is near downtown and within walking distance of shopping strips. Commercial zoning supports its office-oriented positioning.
Located at 59 Pleasant St # D in Randolph, the property is near downtown and within walking distance of shopping strips. Commercial zoning supports its office-oriented positioning.
Key Highlights
- 1,040‑square‑foot office unit
- Built in 2019
- High ceilings and large glass windows
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,062
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,240
$221.2K
Cap Rate 7%
$158,029
$158.0K
Cap Rate 9%
$122,911
$122.9K
Market Conditions
NOI Build-Up for 1,040 SF
Gross rent
$16.7K $16.08/SF
− Vacancy
−$920 −$0.88/SF
EGI
$15.8K $15.20/SF
− OpEx
−$4.7K −$4.56/SF
NOI
$11.1K $10.64/SF
Area
Norfolk County, MA
Vacancy
5.50%
Lease Rate
$16.08 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$221,240
Cap Rate 7%
$158,029
Cap Rate 9%
$122,911
Alternative Uses
Best Use
Office B
$326.0K
$285.3K – $380.4K
NOI $22,822 @ 7.0% cap · market cap 950.92%
Second Best
Flex RnD
$254.9K
$223.1K – $297.4K
NOI $17,846 @ 7.0% cap · market cap 743.58%
Theoretical Best
Office A
$615.7K
$538.7K – $718.3K
NOI $43,097 @ 7.0% cap · market cap 1,795.71%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
873
Businesses Nearby
Explore this area
Business Placement
Demographics for 02368, MA
35,025
Population
13,091
Households
2.7
Avg Household Size
42
Median Age
35%
College-Educated
88%
High-School Grad
9.3 sq mi
ZIP Area
3,766
Density / Sq Mi
$103,321
Median Household Income
$52,614
Median Earnings
$2,049
Median Rent
$464,000
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 - Commercially zoned unit with large windows, a bathroom, and access near downtown shopping.
Where is this office units located?
The property is located at 59 Pleasant St # D Randolph, MA.
What are key features of this property?
This property features: 1,040‑square‑foot office unit; Built in 2019; High ceilings and large glass windows
