691 Fall River Avenue, Seekonk, MA 02771

Building Details

Year Built 2007 More

Listing Agency: The Mello Group, Inc. Show Phone

Listed By: The Jennifer Mello Team Show Phone

Source: Lockandkeyre

Added: Aug 9 Changed: Nov 8 Last Checked: Nov 10 at 8:39AM

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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 The Mello Group, Inc.

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

This renovated first-floor office suite combines a formal front-of-house layout with a large rear room designed for flexible professional use. The front area includes reception, a conference room, two private offices, a storage closet, and a dedicated restroom. The rear room features architectural ceiling treatments, statement lighting, decorative wall finishes, and modern interior detailing.

The property provides on-site parking and access to Route 195, downtown Providence, and surrounding communities. Additional private offices are available on the second floor for businesses seeking expanded space or a related office presence within the property.

Key Highlights

• Renovated first‑floor office suite
• Reception area, conference room, two private offices, storage closet, and dedicated restroom
• Large rear room with architectural ceiling details and statement lighting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$33,317

Suggested Prices Based on Cap Rates

Cap Rate 5%

$666,340 $666.3K

Cap Rate 7%

$475,957 $476.0K

Cap Rate 9%

$370,189 $370.2K

What to ask about pricing

Market Conditions

NOI Build-Up for 2,027 SF

Gross rent

$55.5K $27.36/SF

− Vacancy

−$11.0K −$5.44/SF

EGI

$44.4K $21.92/SF

− OpEx

−$11.1K −$5.48/SF

NOI

$33.3K $16.44/SF

Area

Bristol County, MA

Vacancy

19.90%

Lease Rate

$27.36 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$666,340

Cap Rate 7%

$475,957

Cap Rate 9%

$370,189

Alternative Uses

Best Use

Office B

$476.0K

$416.5K – $555.3K (±1% cap)

NOI $33,317 @ 7.0% cap

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.23M

$1.08M – $1.44M (±1% cap)

NOI $86,409 @ 7.0% cap

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Current Use

Tax Pro Usa Law Firm Hammond Inc. Accounting Firm Darrien Slaughter Financial Advisor Kind Hearts Learning ... Daycare Center Benjamin Joseph Inc Financial Advisor

Suggested Use

Top Pick Electrical Service Parking Lot & Garage HVAC Service (Bike/Boat/Book/etc) Store Grocery & Convenience Store Tanning Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

1

Office units

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

587

Businesses Nearby

Explore this area Business Placement

Demographics for 02771, MA

15,512

Population

6,324

Households

2.5

Avg Household Size

45

Median Age

43%

College-Educated

92%

High-School Grad

18.4 sq mi

ZIP Area

843

Density / Sq Mi

$116,310

Median Household Income

$59,600

Median Earnings

$1,808

Median Rent

$461,600

Median Home Value

Market

Average Price Trend$/SF for Office Units in Bristol County, MA

$123 Jul

$105 Aug

$105 Sep

$105 Oct

Properties on Market for Office Units in Bristol County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in Northeast region

13.1% 2019

15.4% 2020

17.6% 2021

19.1% 2022

20.2% 2023

20.9% 2024

19.9% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Renovated space includes reception, conference, private office, storage, and restroom areas.

Where is this office unit located?

The property is located at 691 Fall River Avenue Seekonk, MA.

What are key features of this property?

This property features: Renovated first‑floor office suite; Reception area, conference room, two private offices, storage closet, and dedicated restroom; Large rear room with architectural ceiling details and statement lighting