Corner-Lot Flex
11R David St # rear, New Bedford, MA 02744
For Sale
Contact for pricing
Industrial facility with high-voltage three-phase power, truck circulation, and access to Routes 18, 6, and 195.
Property Size20,000 SF
Price / SF$0.00
Days on Market53
Property Features for 11R David St # rear
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Zoning
Lease Type
Site & Location
Highway Access
Utilities to Site
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Coastal Realty
(508) 990-4280
Listed By:
Lori A. Nery · License MA #451501061
(508) 736-2387
Source:
Churchillprop
Added: Sep 22
Changed: Nov 4
Last Checked: Nov 12 at 5:50AM
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 Coastal Realty
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Investment Insights
Based on property information with market context.
This 20,000-square-foot flex facility, built in 1963, is configured for storage, warehousing, or light manufacturing. The building offers 18-foot peak ceilings, 14-foot eaves, and a 12-foot overhead door. Electrical service includes 2000 amp, 480 V, 3 phase power, supporting a range of industrial operations. IB zoning and a corner-lot layout add practical flexibility, while 22 parking spaces and truck circulation support daily access.
The property is located at 11R David St # rear in New Bedford, near the ocean and within reach of Routes 18, 6, and 195. The surrounding area includes homes, beaches, major manufacturing facilities, a pickleball court, and a batting cage company. The owner can deliver a vanilla box or build to suit.
The property is located at 11R David St # rear in New Bedford, near the ocean and within reach of Routes 18, 6, and 195. The surrounding area includes homes, beaches, major manufacturing facilities, a pickleball court, and a batting cage company. The owner can deliver a vanilla box or build to suit.
Key Highlights
- 20,000‑square‑foot flex facility in New Bedford
- 2000 amp, 480 V, 3 phase electric service
- 18' peak ceilings and 14' eaves
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$196,862
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,937,240
$3.9M
Cap Rate 7%
$2,812,314
$2.8M
Cap Rate 9%
$2,187,356
$2.2M
Market Conditions
NOI Build-Up for 20,000 SF
Gross rent
$297.6K $14.88/SF
− Vacancy
−$16.4K −$0.82/SF
EGI
$281.2K $14.06/SF
− OpEx
−$84.4K −$4.22/SF
NOI
$196.9K $9.84/SF
Area
New Bedford, MA
Vacancy
5.50%
Lease Rate
$14.88 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,937,240
Cap Rate 7%
$2,812,314
Cap Rate 9%
$2,187,356
Alternative Uses
Best Use
Warehouse
$3.32M
$2.91M – $3.88M
NOI $232,560 @ 7.0% cap
Second Best
Flex RnD
$2.83M
$2.47M – $3.30M
NOI $197,964 @ 7.0% cap
Theoretical Best
Office A
$5.90M
$5.16M – $6.88M
NOI $412,800 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
513
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 02744, MA
13,055
Population
5,609
Households
2.3
Avg Household Size
35
Median Age
13%
College-Educated
72%
High-School Grad
1.3 sq mi
ZIP Area
10,042
Density / Sq Mi
$54,841
Median Household Income
$36,799
Median Earnings
$1,133
Median Rent
$344,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Properties on Market for Flex space in Bristol County
Vacancy Rate% for Industrial in Northeast region
Frequently Asked Questions
What type of property is this?
Flex space - Industrial facility with high-voltage three-phase power, truck circulation, and access to Routes 18, 6, and 195.
Where is this flex space located?
The property is located at 11R David St # rear New Bedford, MA.
What are key features of this property?
This property features: 20,000‑square‑foot flex facility in New Bedford; 2000 amp, 480 V, 3 phase electric service; 18' peak ceilings and 14' eaves
