First-Floor Professional Office
For Sale
Contact for pricing
98 E Grove St # 101, Middleboro, MA 02346
Well-maintained first-floor office suite with reception, conference room, private offices, and ample off-street parking near Route 28.
Property Size2,000 SF
Price / SF$1.50
Days on Market261
Property Features for 98 E Grove St # 101
General Information
Standard status
Active
Size
2,000 SF
Property subtype
Commercial
Additional Details
Floor
First Floor
Road Access
Yes
Amenities
professional reception area
dedicated conference room
4 private offices
large open area
break room/kitchenette
2 restrooms
Building Details
Year Built
1986
Listing Agency:
Ace Real Estate
(508) 947-3555
Listed By:
David Lamoureux
(508) 269-5597
Source:
Churchillprop
Added: Feb 12
Changed: Oct 25
Last Checked: Oct 30 at 12:43PM
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 Ace Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This approximately 2,000 SF first-floor professional office suite is located in a well-maintained building with strong curb appeal. The layout includes a reception area, a dedicated conference room, four private offices, a large open area suitable for cubicles or team workspace, and a break room or kitchenette. The suite also includes two restrooms.
The suite is offered with high visibility along Route 28 in Middleboro and provides excellent accessibility. Ample off-street parking is available. The space is currently occupied through the end of April and available May 1st. Tenant improvements may be negotiable for qualified lease terms.
Built in 1986, the building provides a practical professional environment for a range of office users, including medical, legal, accounting, insurance, real estate, contractor offices, or similar professional services.
The suite is offered with high visibility along Route 28 in Middleboro and provides excellent accessibility. Ample off-street parking is available. The space is currently occupied through the end of April and available May 1st. Tenant improvements may be negotiable for qualified lease terms.
Built in 1986, the building provides a practical professional environment for a range of office users, including medical, legal, accounting, insurance, real estate, contractor offices, or similar professional services.
Key Highlights
- Approximately 2,000 SF first‑floor office suite
- Reception area, dedicated conference room, and four private offices
- Large open area suitable for cubicles or team workspace
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,832
Suggested Prices Based on Cap Rates
Cap Rate 5%
$836,640
$836.6K
Cap Rate 7%
$597,600
$597.6K
Cap Rate 9%
$464,800
$464.8K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$67.2K $33.60/SF
− Vacancy
−$11.4K −$5.71/SF
EGI
$55.8K $27.89/SF
− OpEx
−$13.9K −$6.97/SF
NOI
$41.8K $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 Rate 5%
$836,640
Cap Rate 7%
$597,600
Cap Rate 9%
$464,800
Alternative Uses
Best Use
Office B
$597.6K
$522.9K – $697.2K
NOI $41,832 @ 7.0% cap · market cap 1,394.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.18M
$1.04M – $1.38M
NOI $82,879 @ 7.0% cap · market cap 2,762.63%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
18
Businesses Nearby
Explore this area
Business Placement
Demographics for 02346, MA
24,245
Population
10,230
Households
2.4
Avg Household Size
44
Median Age
30%
College-Educated
94%
High-School Grad
69.0 sq mi
ZIP Area
351
Density / Sq Mi
$91,914
Median Household Income
$52,710
Median Earnings
$1,692
Median Rent
$426,800
Median Home Value
Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - Well-maintained first-floor office suite with reception, conference room, private offices, and ample off-street parking near Route 28.
Where is this office unit located?
The property is located at 98 E Grove St # 101 Middleboro, MA.
What are key features of this property?
This property features: Approximately 2,000 SF first‑floor office suite; Reception area, dedicated conference room, and four private offices; Large open area suitable for cubicles or team workspace
