Fall River Office Space › Sell your building

For owners · Fall River, New Bedford & the SouthCoast

Selling a commercial building on the SouthCoast?

Office, mill, medical, flex or mixed-use: find out what your building is worth, how buyers will look at it, and how Real Offer Realty gets it sold. Start with the value estimator below, then get a free opinion of value from Alexander Carrigg, MBA.

Get a free opinion of value Estimate my building's value

Building value estimator

What is my commercial building worth?

Investors buy income. Enter your rents and expenses to see your net operating income and the value range buyers will work from. Change the cap rate to see how much it moves the price.

Estimated value range

$1.55M – $1.86M About $78–$93 per SF · NOI $139,600

Gross potential income$240,000

Less vacancy & credit loss–$12,000

Effective gross income$228,000

Less operating expenses–$88,400

Net operating income (NOI)$139,600

Expense ratio39%

For illustration only, not an appraisal. Owner-user and vacant buildings are valued mostly on comparable sales; ask for a full opinion of value.

How we sell

From opinion of value to closing

Opinion of valueRent roll, expenses and comparable SouthCoast sales, turned into a price you can defend.
Prepare the buildingClean up leases and records, fix what buyers will flag, and decide whether to lease up first.
Package itA full offering memorandum, professional photography and video, floor plans and financials.
Market itOur SouthCoast buyer list, quiet off-market outreach, the major listing sites and targeted ads.
Negotiate & closeOffers compared on price and certainty, due diligence managed, and the deal kept on schedule.

Real Offer Realty Commercial Real Estate

Selling, not just listing

A building sells for more when the person selling it knows how it runs, who leases space in the market and what local buyers will pay.

We run buildingsWe lease and manage commercial property on the SouthCoast every day, so we know what buyers will ask about HVAC, roofs, leases and operating costs before they ask.

We know the tenantsOur leasing work puts us in front of the businesses looking for space. That helps us lease up vacancy before a sale and answer buyers' questions about demand.

We underwrite like buyersA finance and valuation background means your price is built on NOI, cap rates and real comps, not a guess.

We're localBased in Westport and working from Fall River to New Bedford, licensed in Massachusetts and Rhode Island.

We market hardProfessional photography and video, offering memorandums, a growing buyer list and paid search, not just a sign and a listing.

We tell you straightIf leasing up, fixing something or waiting will get you more money, we'll say so.

Common situations

Buildings we help owners sell

Multi-tenant office buildingsPriced on income, with a clean rent roll and lease abstracts buyers can trust.

Mill and mixed-use buildingsHistoric mills in Fall River and New Bedford, including partially vacant buildings with upside.

Medical officePractice-owned and investor-owned medical buildings, including sale-leasebacks.

Owner-user buildingsMoving, retiring or downsizing? Sell to the next owner-user or lease back while you transition.

Flex and industrialBuildings with loading, yard and highway access near I-195, Route 24 and Route 140.

1031 exchangesSelling to trade up or diversify, with timing coordinated around your replacement purchase.

Free · confidential · no obligation

Get a free opinion of value

Tell us about the building. Alexander Carrigg, MBA will review it personally and come back with a value range, the buyers most likely to pay it, and what would raise the price.

(774) 264-1958
acarrigg@realofferrealty.com

Questions

Selling a commercial building: FAQ

How is a commercial building valued?

Leased commercial buildings are usually valued on income: take the gross rent, subtract vacancy and operating expenses to get net operating income (NOI), then divide by a market cap rate. Comparable sales and replacement cost check the result. Owner-user and vacant buildings lean more on comparable sales.

How long does it take to sell a commercial building in Fall River?

Most commercial sales take several months from listing to closing, depending on price, condition, financing and the buyer's due diligence. Well-priced buildings with clean leases and records move fastest.

Should I lease up my building before selling it?

Often, yes. Investors pay for income, so signed leases at market rent usually raise the sale price by more than the cost of leasing. If you plan to sell to an owner-user, some vacancy can help. We run the numbers both ways before you decide.

Can I sell my building without a public listing?

Yes. We can market a building quietly to a list of qualified SouthCoast buyers before, or instead of, a public listing.

What does it cost to get an opinion of value?

Nothing. Real Offer Realty provides a free, no-obligation opinion of value for commercial buildings on the SouthCoast. See the Fall River office market report for current rents.