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    Property profile & analytics
    OFF-MARKET Estimated value $2,165,000
    Office buildings

    35 Summer St, Taunton, MA 02780-3469

    17,358 SF 0.35 ac lot Built 1989
    Individually Owned 23-yr Hold Absentee Owner ~ Est. High Equity
    Property ID
    US38-1174237
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents two first-class office buildings totaling approximately 59,859 square feet situated on a 3.96-acre lot in Taunton, Massachusetts. The portfolio, comprised of two buildings constructed in 1988 and 1999, features a combined two stories and boasts an impressive 89% occupancy rate. The buildings are zoned for urban residential use and offer a diverse tenant base spanning state agencies, professional services, and medical practices. Strategically located off Route 44, with convenient access to Interstates 495, 24, and 49, this property enjoys high visibility and proximity to numerous amenities. The portfolio presents a strong in-place income stream and significant value-add potential, further enhanced by recent capital improvements. This is a rare opportunity to acquire a stabilized, high-performing office portfolio in a market experiencing above-average rent growth. The property addresses are 35 Summer Street and 21 Spring Street, Taunton, MA 02780, within Bristol County. The buildings offer functional, cost-effective space, making them an attractive option for a wide range of office users. This is a compelling investment opportunity with a solid foundation for future growth and profitability.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1989
    Construction FRAME
    Total area 17,358 SF
    Lot 0.35 ac (15,246 SF)
    Zoning code 3.34
    APN TAUN M:66 L:246 U:
    UPID US38-1174237
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Ruth H. Benvie, Crna Physician
    • Teresa Fatemi Physician
    • Linesary Cezaire Physician
    • ALISON VERDONEGastrointestinal Specialists Physician
    • Mitesh Bhalala Physician
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $1.50M
    Blend (final) Blend
    $2.17M
    Owner & transaction history
    T Colonial · 23 yrs held
    T Colonial
    since 2002
    1 recorded transaction
    2002
    Zoning & alternative use
    3.34 · Taunton, MA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Auto repair, garage $3.1M +50.3%
    Retail stores $2.9M +38.6%
    Apartment house (5+ units) $2.8M +35.3%
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