Brick Office Building with Three
For Sale
$1,200,000
Pending
90 Stevens Street, Taunton, MA 02718
Single-level, handicap-accessible office building offers three separate units with independent gas HVAC.
Property Size6,374 SF
Days on Market95
Property Features for 90 Stevens Street
General Information
Standard status
Pending
Size
6,374 SF
Zoning
Office
Net Operating Income
$64,274
Additional Details
Highway Access
Yes
Office Units
3
Taxes and HOA fees
Annual Taxes
$23,534
Building Details
Building Size
6,374 SF
Year Built
2007
Stories
1
Tenancy
Multi
Listing Agency:
RE/MAX Real Estate Center
Listed By:
Bruno Real Estate Advisors
(508) 269-4724
Source:
413realestate
Added: Jun 5
Changed: Aug 8
Last Checked: Sep 7 at 4:56AM
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 RE/MAX Real Estate Center
Investment Insights
Based on property information with market context.
This brick office building is offered for sale with a total of 6,374 SF subdivided into three independently laid-out units. Unit 1 includes six offices, a reception area, a conference room, and two bathrooms. Unit 2 offers four offices, reception, a conference room, a kitchen area, and two bathrooms. Unit 3 features a reception area, a conference room, a kitchen area, an open area, a private office, and two bathrooms. The property is one level and handicap accessible, with individual gas HVAC and 250-amp electric service. City water and sewer are in place, and the site includes professionally landscaped grounds with inground sprinklers.
The building is positioned with easy access to major highways via the on/off ramp for Rte 140/24, connecting to New Bedford/Fall River, Rhode Island, and Boston/Cape. It also abuts Liberty Union Industrial Park and is described as being convenient to First Light Casino.
For tenants, buyers, or owner-operators, the three-unit configuration supports multiple office users and offers space planning consistency with reception and conference room components across the units. Individual gas HVAC can help reduce shared-system coordination, while the handicap-accessible, one-level layout can support a broader range of office needs.
The building is positioned with easy access to major highways via the on/off ramp for Rte 140/24, connecting to New Bedford/Fall River, Rhode Island, and Boston/Cape. It also abuts Liberty Union Industrial Park and is described as being convenient to First Light Casino.
For tenants, buyers, or owner-operators, the three-unit configuration supports multiple office users and offers space planning consistency with reception and conference room components across the units. Individual gas HVAC can help reduce shared-system coordination, while the handicap-accessible, one-level layout can support a broader range of office needs.
Key Highlights
- Brick office building built in 2007 with 6,374 SF total, subdivided into three separate units
- Unit 1: 2,040 SF with 6 offices, reception, conference room, and 2 BA
- Unit 2: 1,989 SF with 4 offices, reception, conference room, kitchen area, and 2 BA
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
$104,766
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
8.73%
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%
$2,095,320
$2.1M
Cap Rate 7%
$1,496,657
$1.5M
Cap Rate 9%
$1,164,067
$1.2M
Market Conditions
NOI Build-Up for 6,374 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
$174.4K $27.36/SF
− Vacancy
−$34.7K −$5.44/SF
EGI
$139.7K $21.92/SF
− OpEx
−$34.9K −$5.48/SF
NOI
$104.8K $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 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%
$2,095,320
Cap Rate 7%
$1,496,657
Cap Rate 9%
$1,164,067
Alternative Uses
Best Use
Office B
$1.50M
$1.31M – $1.75M
NOI $104,766 @ 7.0% cap · market cap 8.73%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.88M
$3.40M – $4.53M
NOI $271,716 @ 7.0% cap · market cap 22.64%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
168
Businesses Nearby
Explore this area
Business Placement
Demographics for 02718, MA
6,882
Population
2,612
Households
2.6
Avg Household Size
42
Median Age
27%
College-Educated
87%
High-School Grad
10.3 sq mi
ZIP Area
668
Density / Sq Mi
$107,570
Median Household Income
$46,259
Median Earnings
$1,683
Median Rent
$437,300
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 building - Single-level, handicap-accessible office building offers three separate units with independent gas HVAC.
Where is this office building located?
The property is located at 90 Stevens Street Taunton, MA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Brick office building built in 2007 with 6,374 SF total, subdivided into three separate units; Unit 1: 2,040 SF with 6 offices, reception, conference room, and 2 BA; Unit 2: 1,989 SF with 4 offices, reception, conference room, kitchen area, and 2 BA
