Building Details

Year Built 2000

Stories 3

Tenancy Multi

Listing Agency: Gibson Sotheby's International Realty f***@gibsonsir.com Show Phone

Listed By: Frank Celeste · License #449518275

Source: Corcoran

Added: Jun 18 Changed: Aug 10 Last Checked: Aug 11 at 9:19AM

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Investment Insights

Based on property information with market context.

This Class A medical office building is a modern, three-story property designed for specialized healthcare use. The improvements are described as built to premium standards to support medical equipment needs, including radiology and dentistry. The building is presented as a secured healthcare asset with an established tenant roster.

Located at 95 Tremont Street in Duxbury, Massachusetts, the property is described as having direct access to Route 3 at Exit 20. The asset is positioned to serve as a central hub for regional patient traffic, with the access point intended to support visibility and convenience for patients.

For buyers seeking a medical-focused ownership opportunity, the tenant mix highlighted in the materials includes Plymouth Bay Orthopedic Associates, Duxbury Children’s Dentistry, Beth Israel Lahey Health Primary Care, and Advanced Foot Care. This combination of specialty providers supports a practical fit for healthcare operators and investors looking for a long-term, legacy-style medical office configuration. An NDA is required for additional information.

Key Highlights

• Three‑story medical office building built in 2000
• Direct access to Route 3 (Exit 20) for patient traffic
• Healthcare tenant roster includes Plymouth Bay Orthopedic Associates, Duxbury Children’s Dentistry, Beth Israel Lahey Health Primary Care, and Advanced Foot Care

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

$836,640

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

6.97%

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%

$16,732,800 $16.7M

Cap Rate 7%

$11,952,000 $12.0M

Cap Rate 9%

$9,296,000 $9.3M

Market Conditions

NOI Build-Up for 40,000 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

$1.34M $33.60/SF

− Vacancy

−$228.5K −$5.71/SF

EGI

$1.12M $27.89/SF

− OpEx

−$278.9K −$6.97/SF

NOI

$836.6K $20.92/SF

Area

Plymouth County, MA

Vacancy

17.00%

Lease Rate

$33.60 /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%

$16,732,800

Cap Rate 7%

$11,952,000

Cap Rate 9%

$9,296,000

Alternative Uses

Best Use

Office B

$11.95M

$10.46M – $13.94M (±1% cap)

NOI $836,640 @ 7.0% cap · market cap 6.97%

Second Best

Healthcare Medical

$10.66M

$9.32M – $12.43M (±1% cap)

NOI $745,920 @ 7.0% cap · market cap 6.22%

Theoretical Best

Office A

$23.68M

$20.72M – $27.63M (±1% cap)

NOI $1,657,590 @ 7.0% cap · market cap 13.81%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Property Profile

Current Use

Murphy Alan R ... Physician Nirenberg Sidney DO Physician Duxbury Orthodontics: Paul ... Dental Office Fox Katie Employment Agency Judy Lennon, NP Physician

Suggested Use

Top Pick Auto Repair Shop Hair Salon HVAC Service Auto Parts Store Real Estate Agency (Bike/Boat/Book/etc) Store

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

Multi-tenant

Tenancy

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

372

Businesses Nearby

Balanced

Demand for This Use

Explore this area Business Placement

Demographics for 02332, MA

16,090

Population

6,341

Households

2.5

Avg Household Size

46

Median Age

73%

College-Educated

96%

High-School Grad

23.7 sq mi

ZIP Area

679

Density / Sq Mi

$171,471

Median Household Income

$77,627

Median Earnings

$1,644

Median Rent

$826,300

Median Home Value

Market

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

Questions? Ask Rey

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What type of property is this? Where is this medical office space located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Medical Office Space - Three-story medical office building with established healthcare tenants and direct access to Route 3 (Exit 20).

Where is this medical office space located?

The property is located at 95 Tremont Street Duxbury, MA.

What is the asking price?

The asking price for this property is $12,000,000.

What are key features of this property?

This property features: Three‑story medical office building built in 2000; Direct access to Route 3 (Exit 20) for patient traffic; Healthcare tenant roster includes Plymouth Bay Orthopedic Associates, Duxbury Children’s Dentistry, Beth Israel Lahey Health Primary Care, and Advanced Foot Care