Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1854 Purchase St, Unit 3 New Bedford, MA 02740

    Sponsored
    Picture of Auto shops at Purchase St 1854, New Bedford, MA
    For Lease
    $2,500 /Mo ($10 SF/Yr)

    COMMERCIAL - New Bedford, MA

    Property size:
    3,000 SF
    Lot size:
    0.26 Acres
    Days on Market:
    7
    Last Refresh:
    Feb 1 at 9:06 am

    Property Features for 1854 Purchase St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Standard status
    Active
    Zoning
    MUB
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    M:0078 L:0097,2896366
    Size
    3,000 SF
    Lot size
    0.26 Acres

    Building Details

    Year built
    1987

    We can help!

    Listing Contact
    Eddie Lopez

    RE/MAX VANTAGE (508) 999-4424

    Listing agent Eddie Lopez

    Listing date Jan 26, 2026

    MLS# 73471668

    Copyright © 2026 MLS Property Information Network Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    New Bedford Commercial Automotive Space

    This commercial space, located in New Bedford, Massachusetts, is available for lease and is approved for automotive repair, making it suitable for starting a business or pursuing a hobby. The property includes office space and an overhead door. Parking is available for up to 4 vehicles. The lot size is 0.2616 acres. The property offers convenient highway access. The space encompasses 3,000 square feet. The zoning is MUB (Mixed-Use Business).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    S & S Auto ... Auto Repair Shop Mike's Auto & Performance Auto Repair Shop Coinhub Bitcoin ATM ... Atm

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Bob's Auto Repair, Auto Pro, N B Tire Reduction Corp., Atlantic Automotive Machine Co. Moved to R. A. Mitchell Co., Inc., Rodrigues Brothers Towing

    Location Insight

    • Map
    • Local Demand
    City
    New Bedford
    County
    Bristol
    State
    Massachusetts
    Longitude
    -70.92872
    Latitude
    41.650491

    Nearby Similar for Lease

    • $12 SF/Yr
      32,850 SF

      Waterfront Commercial Property in New Bedford

      Exceptional commercial property on the waterfront, ideal for various businesses.
      86 Macarthur Dr, New Bedford, MA 02740
      View Details
    • $3,500 /Mo
      2,432 SF

      Downtown Office Suite For Lease

      Modern, renovated office suite in iconic downtown building.
      555 Pleasant St Unit, New Bedford, MA 02740
      View Details
    • $600 /Mo
      11,580 SF

      Downtown New Bedford Office Space

      Affordable downtown office space with utilities included and parking.
      9 S 6Th St, New Bedford, MA 02740
      View Details
    • $300 /Mo
      300 SF

      Downtown New Bedford Office Space

      Affordable downtown office space with utilities included and parking.
      9 S 6Th St, New Bedford, MA 02740
      View Details
    • $2,500 /Mo
      700 SF

      Downtown New Bedford Office Space

      Modern, renovated office space in iconic downtown building for lease.
      555 Pleasant St, New Bedford, MA 02740
      View Details
    • $3,000 /Mo
      2,432 SF

      Downtown Office Suite For Lease

      Modern, renovated office suite in downtown New Bedford.
      555 Pleasant St Unit, New Bedford, MA 02740
      View Details
    • $650 /Mo
      400 SF

      Downtown Office Space Available

      Renovated office space for lease in iconic downtown building.
      555 Pleasant St, New Bedford, MA 02740
      View Details
    • $800 /Mo
      600 SF

      Renovated Office in Standard Times Building

      Modern office space for lease in downtown New Bedford.
      555 Pleasant St, New Bedford, MA 02740
      View Details
    • $650 /Mo
      400 SF

      Downtown New Bedford Office Space

      Modern, renovated office space in iconic downtown building for lease.
      555 Pleasant St, New Bedford, MA 02740
      View Details
    • Contact for pricing
      2,076 SF

      Retail Building with Drive-Thru

      Free-standing retail building with drive-thru in busy commercial district.
      131 Nauset St, New Bedford, MA 02746
      View Details
    • Contact for pricing
      4,719 SF

      Versatile Office Space in New Bedford

      Adaptable office building with flexible layout and convenient location.
      1167-1177 Ashley Blvd, New Bedford, MA 02745
      View Details
    • $14 SF/Yr

      Iconic Sunbeam Bread Bakery Building

      90,000 SF retail, office, or warehouse spaces for lease.
      229-241 Coffin Ave, New Bedford, MA 02746
      View Details

    FAQs

    What type of property is this?
    Auto shop - Commercial space for lease, approved for automotive repair.
    Where is this auto shop located?
    The property is located at 1854 Purchase St, Unit 3 New Bedford, MA.
    What is the lease rate?
    The lease rate is $10 SF/Yr.
    What are key features of this property?
    This property features: - Approved for automotive repair use.; - Includes office space.; - Equipped with an overhead door.
    (508) 999-4424
    Request Owner's contact information
    1854 Purchase St, Unit 3 New Bedford, MA 02740
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1854 Purchase St, Unit 3
    New Bedford, MA 02740
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1854 Purchase St, Unit 3 New Bedford, MA 02740
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Eddie Lopez
    (508) 999-4424
    Learn more
    Google sign-in failed. Please try again or use another login method.