Live-Work Space with Four
For Sale
$1,000,000
96 Court Street, Plymouth, MA 02360
Commercial Sale, Plymouth, MA
Property Size2,638 SF
Lot Size0.09 Acres
Price / SF$379.08
Days on Market125
Property Features for 96 Court Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning description
DH
Parking features
On Street
Basement
Walk-Out Access, Full
Appliances
Water Heater
Lot features
Cleared, Level
Elementary school district
Plymouth
Middle school district
Plymouth
High school district
Plymouth
Directions
Court Street near the intersection of Samoset
Subdivision
Plymouth
Standard status
Active
APN
PLYM M:0017 B:0000 L:0015
Size
2,638 SF
Lot size
0.09 Acres
Taxes and HOA fees
Tax Year
2025
Tax Annual Amount
8671
Utilities
Sewer type
Public Sewer
Heating system
Natural Gas, Forced Air
Cooling system
Central Air
Water source
Public
Amenities
gas heat
full basement
Building Details
Year built
1900
Floors in Building
3
Number of units
1
Flooring type
Tile, Wood
Building materials
Shingle Siding
Roof type
Asphalt
Listing Agency:
Keller Williams Realty
(508) 534-7200
Listed By:
John DeLellis
(508) 241-4100
Added: Apr 18
Changed: Aug 19
Last Checked: Aug 20 at 3:06PM
MLS# 22601568
Copyright © 2026 Cape Cod & Islands Association of REALTORS®, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This live-work space offers a flexible mixed-use layout with space configured for both business and residence. The first floor has been used for a small business and features flexible rooming that can support office, retail, or service use, with multiple bathrooms for convenience. The second level provides four bedrooms and additional living space.
The property includes 3 full baths and 2 half baths, with a full basement for storage. It has efficient natural gas forced-air heating and central air conditioning. Built in 1900, the exterior features shingle siding, and the roof is asphalt. Interior finishes include tile and wood flooring.
Served by public water and public sewer, the home also includes an on-street parking arrangement and a water heater. Additional space and bathroom count make the layout well-suited for owner-occupancy or a live-and-work setup.
The property includes 3 full baths and 2 half baths, with a full basement for storage. It has efficient natural gas forced-air heating and central air conditioning. Built in 1900, the exterior features shingle siding, and the roof is asphalt. Interior finishes include tile and wood flooring.
Served by public water and public sewer, the home also includes an on-street parking arrangement and a water heater. Additional space and bathroom count make the layout well-suited for owner-occupancy or a live-and-work setup.
Key Highlights
- 4‑bedroom second level plus first‑floor flexible space previously used for a small business
- 3 full baths and 2 half baths
- 2,638 SF building on a 0.09‑acre lot
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
$55,176
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
5.52%
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%
$1,103,520
$1.1M
Cap Rate 7%
$788,229
$788.2K
Cap Rate 9%
$613,067
$613.1K
Market Conditions
NOI Build-Up for 2,638 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
$88.6K $33.60/SF
− Vacancy
−$15.1K −$5.71/SF
EGI
$73.6K $27.89/SF
− OpEx
−$18.4K −$6.97/SF
NOI
$55.2K $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%
$1,103,520
Cap Rate 7%
$788,229
Cap Rate 9%
$613,067
Alternative Uses
Best Use
Office B
$788.2K
$689.7K – $919.6K
NOI $55,176 @ 7.0% cap · market cap 5.52%
Second Best
Mixed Use
$364.0K
$318.5K – $424.7K
NOI $25,483 @ 7.0% cap · market cap 2.55%
Theoretical Best
Office A
$1.56M
$1.37M – $1.82M
NOI $109,318 @ 7.0% cap · market cap 10.93%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,578
Businesses Nearby
Explore this area
Business Placement
Demographics for 02360, MA
61,134
Population
28,598
Households
2.1
Avg Household Size
47
Median Age
45%
College-Educated
96%
High-School Grad
96.4 sq mi
ZIP Area
634
Density / Sq Mi
$111,975
Median Household Income
$55,595
Median Earnings
$1,831
Median Rent
$494,700
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?
Live-work space - Mixed-use live-work layout with central air, natural gas forced-air heat, and on-street parking.
Where is this live-work space located?
The property is located at 96 Court Street Plymouth, MA.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 4‑bedroom second level plus first‑floor flexible space previously used for a small business; 3 full baths and 2 half baths; 2,638 SF building on a 0.09‑acre lot
